2016 SEK to MGA Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2016.
2016 SEK to MGA Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2016
During 2016, the SEK to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on June 23, valuing the pair at 402.4027. Conversely, the yearly low was recorded on July 29, dropping to 342.4644.
This high-to-low spread represents a total annual volatility of 59.9383 MGA. From a start-to-finish perspective, comparing the January average rate of 376.0034 to the December average rate of 361.9668, the exchange rate registered a net change of -3.73% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2016 high of 402.4027 was up 1.29% compared to the 2015 peak of 397.2615, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 SEK based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2016.
SEK 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 384.6697, compared to 358.5505 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 26.1192 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2016 was July, with a trading range of 39.3460 MGA (High: 381.8104 / Low: 342.4644). On the other end, April was the most stable month, with a tight range of 6.3534 MGA (High: 396.2737 / Low: 389.9203).
Growth Streaks & Declines
TrendsBetween 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 33.7972 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (June 2016: 393.3492) against the same month in 2015 (average: 384.9604), the exchange rate shifted by +8.3888 (+2.18%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 381.7513 | 373.8489 | 376.0034 |
| February | 379.6068 | 371.0146 | 376.0132 |
| March | 394.5941 | 372.5268 | 384.3079 |
| April | 396.2737 | 389.9203 | 391.8024 |
| May | 396.5623 | 380.7122 | 386.5423 |
| June | 402.4027 | 381.3112 | 393.3492 |
| July | 381.8104 | 342.4644 | 359.5520 |
| August | 363.3919 | 343.7873 | 356.4417 |
| September | 362.3858 | 353.4345 | 357.2449 |
| October | 364.8492 | 353.6886 | 360.9897 |
| November | 360.7210 | 349.7508 | 355.1079 |
| December | 373.7943 | 353.2493 | 361.9668 |