YEARLY HIGH
2389.9785 MGA
YEARLY LOW
2054.9609 MGA
YEARLY AVERAGE
2214.4060 MGA

2016 NZD to MGA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the NZD to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on December 13, valuing the pair at 2389.9785. Conversely, the yearly low was recorded on January 19, dropping to 2054.9609.

This high-to-low spread represents a total annual volatility of 335.0176 MGA. From a start-to-finish perspective, comparing the January average rate of 2101.8141 to the December average rate of 2342.5284, the exchange rate registered a net change of 11.45% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 2389.9785 was up 0.39% compared to the 2015 peak of 2380.5858, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 11,949,893 MGA
2015 Average 10,824,876 MGA
Yearly Trough Low 10,274,804 MGA
Transaction Impact: A difference of 1,675,088.10 MGA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

2366.5998
2077.7427
JanuMarcMayJulySeptNove

NZD 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 2172.0111, compared to 2256.8009 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 84.7898 points.

H1 Avg (Jan–Jun) 2172.0111
H2 Avg (Jul–Dec) 2256.8009

Volatility Range Comparison

Volatility

The most volatile month in 2016 was July, with a trading range of 219.7334 MGA (High: 2319.3855 / Low: 2099.6521). On the other end, September was the most stable month, with a tight range of 54.1124 MGA (High: 2263.0406 / Low: 2208.9282).

July Spread (Volatile) ±219.7334
September Spread (Stable) ±54.1124

Growth Streaks & Declines

Trends

Between 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 101.0593 points.

Longest Streak 4 Mo.
Sharpest MoM Drop -101.0593

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2016: 2342.5284) against the same month in 2015 (average: 2167.1130), the exchange rate shifted by +175.4153 (+8.09%).

2016 Avg (December) 2342.5284
2015 Avg (December) 2167.1130

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 2208.9657 2054.9609 2101.8141
February 2152.9117 2092.6485 2114.0133
March 2220.5035 2115.9622 2163.3197
April 2237.0822 2157.2765 2193.2665
May 2223.0827 2131.3164 2160.3982
June 2376.1547 2222.9829 2299.2547
July 2319.3855 2099.6521 2198.1954
August 2222.1328 2117.4452 2181.7098
September 2263.0406 2208.9282 2227.5260
October 2317.2418 2233.7763 2275.3794
November 2359.5127 2285.0620 2315.4663
December 2389.9785 2279.8427 2342.5284