2016 TRY to MGA Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2016.
2016 TRY to MGA Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2016
During 2016, the TRY to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on June 23, valuing the pair at 1149.1323. Conversely, the yearly low was recorded on December 20, dropping to 937.7407.
This high-to-low spread represents a total annual volatility of 211.3917 MGA. From a start-to-finish perspective, comparing the January average rate of 1070.0287 to the December average rate of 951.9040, the exchange rate registered a net change of -11.04% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2016 high of 1149.1323 was down 8.02% compared to the 2015 peak of 1249.3246, indicating shifts in long-term support levels.
Comparing the value generated converting 50,000 TRY based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2016.
TRY 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 1097.9238, compared to 1009.3603 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 88.5634 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2016 was July, with a trading range of 131.0884 MGA (High: 1111.1912 / Low: 980.1028). On the other end, September was the most stable month, with a tight range of 17.1200 MGA (High: 1037.8453 / Low: 1020.7254).
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 82.3666 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (June 2016: 1119.6153) against the same month in 2015 (average: 1179.4568), the exchange rate shifted by -59.8415 (-5.07%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1106.1574 | 1054.6464 | 1070.0287 |
| February | 1095.9154 | 1070.1893 | 1081.7610 |
| March | 1136.9658 | 1090.9846 | 1112.6114 |
| April | 1138.0773 | 1113.1919 | 1122.8028 |
| May | 1136.8046 | 1060.8281 | 1080.7235 |
| June | 1149.1323 | 1106.1628 | 1119.6153 |
| July | 1111.1912 | 980.1028 | 1037.2487 |
| August | 1038.0196 | 987.4938 | 1019.9764 |
| September | 1037.8453 | 1020.7254 | 1027.7047 |
| October | 1048.9043 | 1020.0548 | 1034.5059 |
| November | 1031.0511 | 956.4542 | 984.8224 |
| December | 967.5835 | 937.7407 | 951.9040 |