2018 TRY to MGA Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2018.
2018 TRY to MGA Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2018
During 2018, the TRY to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on January 7, valuing the pair at 872.0482. Conversely, the yearly low was recorded on August 13, dropping to 479.5705.
This high-to-low spread represents a total annual volatility of 392.4777 MGA. From a start-to-finish perspective, comparing the January average rate of 859.8561 to the December average rate of 668.7859, the exchange rate registered a net change of -22.22% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2018 high of 872.0482 was down 8.86% compared to the 2017 peak of 956.8142, 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 2018.
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 793.5581, compared to 624.2311 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 169.3270 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2018 was August, with a trading range of 179.7543 MGA (High: 659.3247 / Low: 479.5705). On the other end, January was the most stable month, with a tight range of 23.1486 MGA (High: 872.0482 / Low: 848.8996).
Growth Streaks & Declines
TrendsBetween September and November, 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 July and August, when the average rate fell by 139.4399 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2018: 859.8561) against the same month in 2017 (average: 877.8630), the exchange rate shifted by -18.0070 (-2.05%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 872.0482 | 848.8996 | 859.8561 |
| February | 861.4491 | 821.7089 | 837.2165 |
| March | 836.4203 | 796.7001 | 809.3213 |
| April | 814.6533 | 774.2351 | 791.7594 |
| May | 790.3941 | 688.0518 | 736.7809 |
| June | 756.5491 | 704.2808 | 726.4146 |
| July | 737.0859 | 667.9919 | 701.0984 |
| August | 659.3247 | 479.5705 | 561.6585 |
| September | 568.0608 | 505.8673 | 539.3615 |
| October | 644.8850 | 560.9554 | 603.0857 |
| November | 703.0655 | 638.0379 | 671.3967 |
| December | 708.4971 | 655.8150 | 668.7859 |