2018 MRO to MGA Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2018.
2018 MRO to MGA Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2018
During 2018, the MRO to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on October 8, valuing the pair at 16.8774. Conversely, the yearly low was recorded on March 8, dropping to 8.6548.
This high-to-low spread represents a total annual volatility of 8.2226 MGA. From a start-to-finish perspective, comparing the January average rate of 9.1373 to the December average rate of 9.9477, the exchange rate registered a net change of 8.87% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2018 high of 16.8774 was up 78.84% compared to the 2017 peak of 9.4371, 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 2018.
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 9.0949, compared to 9.7463 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.6514 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2018 was October, with a trading range of 7.2370 MGA (High: 16.8774 / Low: 9.6404). On the other end, August was the most stable month, with a tight range of 0.1164 MGA (High: 9.3461 / Low: 9.2297).
Growth Streaks & Declines
TrendsBetween March and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.2202 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (October 2018: 10.2610) against the same month in 2017 (average: 8.5285), the exchange rate shifted by +1.7325 (+20.31%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 9.2628 | 9.0155 | 9.1373 |
| February | 9.0859 | 8.7781 | 8.9171 |
| March | 9.0436 | 8.6548 | 8.8582 |
| April | 9.2274 | 8.9888 | 9.0469 |
| May | 9.3613 | 9.0717 | 9.1599 |
| June | 9.5762 | 9.3048 | 9.4501 |
| July | 9.5329 | 9.1971 | 9.3903 |
| August | 9.3461 | 9.2297 | 9.2756 |
| September | 9.6348 | 9.3461 | 9.5255 |
| October | 16.8774 | 9.6404 | 10.2610 |
| November | 10.2801 | 9.8739 | 10.0778 |
| December | 10.3149 | 9.7479 | 9.9477 |