2017 MVR to GNF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2017.
2017 MVR to GNF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2017
During 2017, the MVR to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on August 18, valuing the pair at 628.4371. Conversely, the yearly low was recorded on August 21, dropping to 571.2552.
This high-to-low spread represents a total annual volatility of 57.1818 GNF. From a start-to-finish perspective, comparing the January average rate of 609.3990 to the December average rate of 585.4295, the exchange rate registered a net change of -3.93% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2017 high of 628.4371 was up 1.80% compared to the 2016 peak of 617.3116, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 MVR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2017.
MVR to GNF 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 598.9358, compared to 583.6477 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 15.2881 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2017 was August, with a trading range of 57.1818 GNF (High: 628.4371 / Low: 571.2552). On the other end, December was the most stable month, with a tight range of 3.9232 GNF (High: 587.9644 / Low: 584.0412).
Growth Streaks & Declines
TrendsBetween September and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 9.6857 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2017: 582.7021) against the same month in 2016 (average: 595.6458), the exchange rate shifted by -12.9437 (-2.17%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 619.9118 | 598.9004 | 609.3990 |
| February | 612.4959 | 592.3530 | 606.5494 |
| March | 608.5158 | 593.2431 | 601.9014 |
| April | 606.5584 | 585.8361 | 600.5481 |
| May | 607.2943 | 581.9448 | 592.4513 |
| June | 589.6234 | 574.3671 | 582.7656 |
| July | 587.3386 | 574.1490 | 581.8506 |
| August | 628.4371 | 571.2552 | 582.7021 |
| September | 584.7355 | 574.4218 | 581.7999 |
| October | 586.8458 | 578.6057 | 583.0150 |
| November | 591.5530 | 584.5203 | 587.0893 |
| December | 587.9644 | 584.0412 | 585.4295 |