2014 PKR to MGA Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2014.
2014 PKR to MGA Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2014
During 2014, the PKR to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on November 16, valuing the pair at 26.9492. Conversely, the yearly low was recorded on January 2, dropping to 21.2425.
This high-to-low spread represents a total annual volatility of 5.7068 MGA. From a start-to-finish perspective, comparing the January average rate of 21.4928 to the December average rate of 25.7813, the exchange rate registered a net change of 19.95% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2014 high of 26.9492 was up 15.64% compared to the 2013 peak of 23.3047, indicating shifts in long-term support levels.
Comparing the value generated converting 500,000 PKR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2014.
PKR 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 23.2801, compared to 25.6816 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 2.4015 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2014 was March, with a trading range of 1.9119 MGA (High: 24.1610 / Low: 22.2491). On the other end, May was the most stable month, with a tight range of 0.4121 MGA (High: 24.2969 / Low: 23.8848).
Growth Streaks & Declines
TrendsBetween May and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.8036 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2014: 26.5849) against the same month in 2013 (average: 20.8150), the exchange rate shifted by +5.7699 (+27.72%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 21.7893 | 21.2425 | 21.4928 |
| February | 22.3268 | 21.7835 | 22.1007 |
| March | 24.1610 | 22.2491 | 23.4282 |
| April | 24.5315 | 23.7753 | 24.1705 |
| May | 24.2969 | 23.8848 | 24.0864 |
| June | 24.7590 | 23.8576 | 24.4018 |
| July | 25.2727 | 24.5722 | 24.8908 |
| August | 25.5665 | 24.8898 | 25.2097 |
| September | 25.9129 | 24.7764 | 25.3636 |
| October | 26.5361 | 25.9324 | 26.2591 |
| November | 26.9492 | 25.9997 | 26.5849 |
| December | 26.2653 | 25.4319 | 25.7813 |