2018 NOK to MGA Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2018.
2018 NOK to MGA Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2018
During 2018, the NOK to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on October 16, valuing the pair at 435.0374. Conversely, the yearly low was recorded on August 20, dropping to 390.9282.
This high-to-low spread represents a total annual volatility of 44.1092 MGA. From a start-to-finish perspective, comparing the January average rate of 410.1685 to the December average rate of 411.3836, the exchange rate registered a net change of 0.30% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2018 high of 435.0374 was up 9.49% compared to the 2017 peak of 397.3234, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 NOK based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2018.
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)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 407.7901, compared to 413.2702 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 5.4800 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2018 was December, with a trading range of 30.9216 MGA (High: 430.4603 / Low: 399.5387). On the other end, November was the most stable month, with a tight range of 8.7549 MGA (High: 429.5609 / Low: 420.8060).
Growth Streaks & Declines
TrendsBetween August and November, 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 July and August, when the average rate fell by 14.7147 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (October 2018: 423.9595) against the same month in 2017 (average: 384.8875), the exchange rate shifted by +39.0720 (+10.15%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 417.5260 | 397.6844 | 410.1685 |
| February | 420.9829 | 395.5248 | 404.4852 |
| March | 417.1056 | 392.3283 | 405.5692 |
| April | 415.3395 | 401.5349 | 409.9538 |
| May | 407.6129 | 396.1467 | 402.4424 |
| June | 424.2363 | 404.6592 | 414.1217 |
| July | 419.6339 | 400.4864 | 411.1936 |
| August | 402.0068 | 390.9282 | 396.4789 |
| September | 421.6141 | 397.4714 | 412.1353 |
| October | 435.0374 | 417.9630 | 423.9595 |
| November | 429.5609 | 420.8060 | 424.4702 |
| December | 430.4603 | 399.5387 | 411.3836 |