2017 TRY to MGA Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2017.
2017 TRY to MGA Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2017
During 2017, the TRY to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 956.8142. Conversely, the yearly low was recorded on November 21, dropping to 803.4317.
This high-to-low spread represents a total annual volatility of 153.3826 MGA. From a start-to-finish perspective, comparing the January average rate of 877.8630 to the December average rate of 840.5834, the exchange rate registered a net change of -4.25% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2017 high of 956.8142 was down 16.74% compared to the 2016 peak of 1149.1323, 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 2017.
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 875.2982, compared to 838.7683 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 36.5299 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2017 was January, with a trading range of 131.7740 MGA (High: 956.8142 / Low: 825.0403). On the other end, September was the most stable month, with a tight range of 27.2621 MGA (High: 871.7127 / Low: 844.4506).
Growth Streaks & Declines
TrendsBetween February and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 58.2603 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2017: 877.8630) against the same month in 2016 (average: 1070.0287), the exchange rate shifted by -192.1657 (-17.96%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 956.8142 | 825.0403 | 877.8630 |
| February | 875.6897 | 841.0833 | 860.7846 |
| March | 908.8203 | 824.1242 | 868.1341 |
| April | 916.8198 | 858.4320 | 877.4389 |
| May | 905.5193 | 848.6238 | 877.3126 |
| June | 922.8929 | 857.4971 | 890.2560 |
| July | 865.5840 | 805.0217 | 831.9956 |
| August | 864.7943 | 821.8664 | 845.5570 |
| September | 871.7127 | 844.4506 | 861.1451 |
| October | 857.0513 | 812.6270 | 836.7082 |
| November | 834.9480 | 803.4317 | 816.6205 |
| December | 859.1233 | 814.5623 | 840.5834 |