2020 AFN to MGA Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2020.
2020 AFN to MGA Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2020
During 2020, the AFN to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on October 29, valuing the pair at 51.6892. Conversely, the yearly low was recorded on January 4, dropping to 46.8608.
This high-to-low spread represents a total annual volatility of 4.8283 MGA. From a start-to-finish perspective, comparing the January average rate of 47.6757 to the December average rate of 49.5439, the exchange rate registered a net change of 3.92% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2020 high of 51.6892 was up 6.72% compared to the 2019 peak of 48.4365, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 AFN based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2020.
AFN 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 48.9246, compared to 50.2285 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.3040 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2020 was November, with a trading range of 2.5197 MGA (High: 51.6234 / Low: 49.1037). On the other end, May was the most stable month, with a tight range of 0.5990 MGA (High: 50.1514 / Low: 49.5524).
Growth Streaks & Declines
TrendsBetween January and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 1.4019 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (October 2020: 50.9671) against the same month in 2019 (average: 47.1030), the exchange rate shifted by +3.8642 (+8.20%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 48.4049 | 46.8608 | 47.6757 |
| February | 49.0890 | 47.3187 | 48.1543 |
| March | 49.6318 | 48.0238 | 48.8436 |
| April | 50.1759 | 48.9244 | 49.5459 |
| May | 50.1514 | 49.5524 | 49.8080 |
| June | 50.1810 | 48.3840 | 49.5200 |
| July | 50.3211 | 49.5698 | 49.8787 |
| August | 50.1895 | 49.0896 | 49.7864 |
| September | 50.6884 | 49.9151 | 50.2492 |
| October | 51.6892 | 50.6307 | 50.9671 |
| November | 51.6234 | 49.1037 | 50.9458 |
| December | 50.6447 | 48.3272 | 49.5439 |