2016 XAF to MGA Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2016.
2016 XAF to MGA Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2016
During 2016, the XAF to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on June 23, valuing the pair at 5.6804. Conversely, the yearly low was recorded on July 29, dropping to 4.9738.
This high-to-low spread represents a total annual volatility of 0.7066 MGA. From a start-to-finish perspective, comparing the January average rate of 5.3135 to the December average rate of 5.3535, the exchange rate registered a net change of 0.75% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2016 high of 5.6804 was down 1.63% compared to the 2015 peak of 5.7747, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 XAF based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2016.
XAF 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 5.4483, compared to 5.2587 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1896 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2016 was July, with a trading range of 0.4818 MGA (High: 5.4556 / Low: 4.9738). On the other end, October was the most stable month, with a tight range of 0.0765 MGA (High: 5.3690 / Low: 5.2925).
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 0.3961 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (June 2016: 5.5797) against the same month in 2015 (average: 5.4350), the exchange rate shifted by +0.1447 (+2.66%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 5.3537 | 5.2629 | 5.3135 |
| February | 5.4652 | 5.2924 | 5.3879 |
| March | 5.5506 | 5.3113 | 5.4382 |
| April | 5.5487 | 5.4555 | 5.4984 |
| May | 5.5489 | 5.4280 | 5.4718 |
| June | 5.6804 | 5.4661 | 5.5797 |
| July | 5.4556 | 4.9738 | 5.1835 |
| August | 5.2434 | 5.0130 | 5.1467 |
| September | 5.3009 | 5.1385 | 5.2015 |
| October | 5.3690 | 5.2925 | 5.3366 |
| November | 5.4205 | 5.2727 | 5.3302 |
| December | 5.4533 | 5.2347 | 5.3535 |