2016 ZAR to MGA Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2016.
2016 ZAR to MGA Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2016
During 2016, the ZAR to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on December 29, valuing the pair at 249.4811. Conversely, the yearly low was recorded on January 18, dropping to 190.4071.
This high-to-low spread represents a total annual volatility of 59.0740 MGA. From a start-to-finish perspective, comparing the January average rate of 197.3455 to the December average rate of 240.5412, the exchange rate registered a net change of 21.89% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2016 high of 249.4811 was down 7.62% compared to the 2015 peak of 270.0515, indicating shifts in long-term support levels.
Comparing the value generated converting 50,000 ZAR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2016.
ZAR 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 208.3483, compared to 225.0767 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 16.7284 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2016 was May, with a trading range of 22.2510 MGA (High: 223.8463 / Low: 201.5952). On the other end, February was the most stable month, with a tight range of 12.3569 MGA (High: 209.4717 / Low: 197.1148).
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 April and May, when the average rate fell by 10.0932 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2016: 240.5412) against the same month in 2015 (average: 213.3267), the exchange rate shifted by +27.2146 (+12.76%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 208.4258 | 190.4071 | 197.3455 |
| February | 209.4717 | 197.1148 | 201.6508 |
| March | 217.2229 | 202.3549 | 208.7806 |
| April | 223.8253 | 208.8767 | 217.9565 |
| May | 223.8463 | 201.5952 | 207.8633 |
| June | 227.8576 | 208.3691 | 216.4929 |
| July | 221.0604 | 206.6011 | 213.7350 |
| August | 227.5868 | 207.3150 | 219.3849 |
| September | 226.3678 | 207.8633 | 216.6366 |
| October | 235.8163 | 222.4351 | 228.1740 |
| November | 238.7250 | 225.2253 | 231.9886 |
| December | 249.4811 | 235.6320 | 240.5412 |