2017 SGD to MVR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2017.
2017 SGD to MVR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2017
During 2017, the SGD to MVR exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 11.5167. Conversely, the yearly low was recorded on August 18, dropping to 10.3727.
This high-to-low spread represents a total annual volatility of 1.1440 MVR. From a start-to-finish perspective, comparing the January average rate of 10.7515 to the December average rate of 11.4430, the exchange rate registered a net change of 6.43% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2017 high of 11.5167 was up 0.73% compared to the 2016 peak of 11.4337, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 SGD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2017.
SGD to MVR 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 11.0151, compared to 11.3482 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.3331 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2017 was August, with a trading range of 1.0292 MVR (High: 11.4019 / Low: 10.3727). On the other end, November was the most stable month, with a tight range of 0.1075 MVR (High: 11.3829 / Low: 11.2754).
Growth Streaks & Declines
TrendsBetween January and July, 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 September and October, when the average rate fell by 0.0879 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2017: 11.4430) against the same month in 2016 (average: 10.6632), the exchange rate shifted by +0.7798 (+7.31%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 10.9307 | 10.5288 | 10.7515 |
| February | 11.0655 | 10.8338 | 10.9290 |
| March | 11.1108 | 10.9483 | 11.0290 |
| April | 11.1160 | 10.9763 | 11.0415 |
| May | 11.2915 | 10.8717 | 11.0945 |
| June | 11.3491 | 11.1533 | 11.2454 |
| July | 11.4098 | 11.1818 | 11.2977 |
| August | 11.4019 | 10.3727 | 11.2725 |
| September | 11.5040 | 11.3301 | 11.4181 |
| October | 11.4206 | 11.2567 | 11.3302 |
| November | 11.3829 | 11.2754 | 11.3277 |
| December | 11.5167 | 11.3873 | 11.4430 |