2020 BOB to MGA Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2020.
2020 BOB to MGA Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2020
During 2020, the BOB to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on October 29, valuing the pair at 575.5696. Conversely, the yearly low was recorded on January 4, dropping to 523.5158.
This high-to-low spread represents a total annual volatility of 52.0538 MGA. From a start-to-finish perspective, comparing the January average rate of 532.2933 to the December average rate of 553.8675, the exchange rate registered a net change of 4.05% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2020 high of 575.5696 was up 5.25% compared to the 2019 peak of 546.8572, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 BOB based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2020.
BOB 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 543.6505, compared to 560.2038 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 16.5534 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2020 was November, with a trading range of 26.9294 MGA (High: 575.5453 / Low: 548.6159). On the other end, May was the most stable month, with a tight range of 4.8331 MGA (High: 555.0769 / Low: 550.2438).
Growth Streaks & Declines
TrendsBetween January and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 14.6756 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (October 2020: 567.3043) against the same month in 2019 (average: 533.1760), the exchange rate shifted by +34.1282 (+6.40%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 538.3226 | 523.5158 | 532.2933 |
| February | 539.7343 | 524.2768 | 535.6915 |
| March | 548.1634 | 530.2195 | 540.4524 |
| April | 553.4788 | 543.8137 | 547.3350 |
| May | 555.0769 | 550.2438 | 552.2648 |
| June | 560.8404 | 541.2474 | 553.8658 |
| July | 560.8237 | 549.9741 | 556.5990 |
| August | 558.9730 | 548.6128 | 555.8008 |
| September | 563.9355 | 554.9295 | 559.1084 |
| October | 575.5696 | 563.4594 | 567.3043 |
| November | 575.5453 | 548.6159 | 568.5431 |
| December | 564.2522 | 539.2717 | 553.8675 |