YEARLY HIGH
402.3937 MGA
YEARLY LOW
346.0043 MGA
YEARLY AVERAGE
378.4432 MGA

2016 NOK to MGA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the NOK to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on June 8, valuing the pair at 402.3937. Conversely, the yearly low was recorded on July 28, dropping to 346.0043.

This high-to-low spread represents a total annual volatility of 56.3894 MGA. From a start-to-finish perspective, comparing the January average rate of 364.4719 to the December average rate of 389.0322, the exchange rate registered a net change of 6.74% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 402.3937 was down 5.05% compared to the 2015 peak of 423.8150, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 NOK based on timing:

Yearly Peak High 2,011,969 MGA
2015 Average 1,923,537 MGA
Yearly Trough Low 1,730,022 MGA
Transaction Impact: A difference of 281,946.88 MGA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

396.1524
360.6301
JanuMarcMayJulySeptNove

NOK to MGA Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 379.9257, compared to 376.9608 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 2.9649 points.

H1 Avg (Jan–Jun) 379.9257
H2 Avg (Jul–Dec) 376.9608

Volatility Range Comparison

Volatility

The most volatile month in 2016 was July, with a trading range of 40.7221 MGA (High: 386.7265 / Low: 346.0043). On the other end, October was the most stable month, with a tight range of 6.9948 MGA (High: 393.5135 / Low: 386.5187).

July Spread (Volatile) ±40.7221
October Spread (Stable) ±6.9948

Growth Streaks & Declines

Trends

Between January and April, 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 June and July, when the average rate fell by 29.6019 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -29.6019

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2016: 393.1922) against the same month in 2015 (average: 407.1648), the exchange rate shifted by -13.9726 (-3.43%).

2016 Avg (June) 393.1922
2015 Avg (June) 407.1648

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 371.0868 358.4922 364.4719
February 374.6908 366.4209 370.2082
March 387.2634 369.9296 378.6752
April 395.0492 382.2055 387.0030
May 394.5202 382.6932 386.0035
June 402.3937 381.7067 393.1922
July 386.7265 346.0043 363.5903
August 372.1411 347.9062 363.6407
September 388.5281 363.7113 371.2561
October 393.5135 386.5187 389.2614
November 391.3872 380.0308 384.9839
December 397.3361 379.3657 389.0322