The menstrual cycle is governed by hormonal changes in the hypothalamus, pituitary gland, and ovaries. It involves the ovarian cycle of follicle development and ovulation, as well as the uterine cycle of proliferation, secretion, and menstruation. The average cycle is 28 days, but can range from 21-45 days. Menarche typically occurs between ages 12-15, while menopause usually occurs between ages 45-55. Fertility is highest around the time of ovulation in the middle of the cycle. The cycle is controlled by hormones like estrogen, progesterone, FSH, and LH to regulate follicle development, ovulation, and preparation of the uterus for potential implantation.