2017 MRO to MGA Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2017.
2017 MRO to MGA Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2017
During 2017, the MRO to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on January 4, valuing the pair at 9.4371. Conversely, the yearly low was recorded on July 25, dropping to 7.9845.
This high-to-low spread represents a total annual volatility of 1.4526 MGA. From a start-to-finish perspective, comparing the January average rate of 9.1511 to the December average rate of 9.0800, the exchange rate registered a net change of -0.78% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2017 high of 9.4371 was down 9.17% compared to the 2016 peak of 10.3902, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 MRO based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2017.
MRO to MGA Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 8.8466, compared to 8.5144 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.3322 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2017 was March, with a trading range of 0.6215 MGA (High: 9.1602 / Low: 8.5386). On the other end, November was the most stable month, with a tight range of 0.1895 MGA (High: 9.0841 / Low: 8.8946).
Growth Streaks & Declines
TrendsBetween August and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.5110 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2017: 9.1511) against the same month in 2016 (average: 9.6095), the exchange rate shifted by -0.4584 (-4.77%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 9.4371 | 8.9010 | 9.1511 |
| February | 8.9673 | 8.5376 | 8.7794 |
| March | 9.1602 | 8.5386 | 8.8709 |
| April | 9.1173 | 8.7930 | 8.8893 |
| May | 8.9102 | 8.5042 | 8.6938 |
| June | 8.9333 | 8.3932 | 8.6951 |
| July | 8.5349 | 7.9845 | 8.1841 |
| August | 8.2507 | 8.0256 | 8.1566 |
| September | 8.2975 | 8.0580 | 8.1798 |
| October | 8.8946 | 8.2893 | 8.5285 |
| November | 9.0841 | 8.8946 | 8.9574 |
| December | 9.1930 | 8.9051 | 9.0800 |