2020 CAD to MGA Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2020.
2020 CAD to MGA Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2020
During 2020, the CAD to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 3045.3624. Conversely, the yearly low was recorded on March 18, dropping to 2568.5377.
This high-to-low spread represents a total annual volatility of 476.8247 MGA. From a start-to-finish perspective, comparing the January average rate of 2814.5442 to the December average rate of 2981.1610, the exchange rate registered a net change of 5.92% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2020 high of 3045.3624 was up 6.65% compared to the 2019 peak of 2855.4616, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 CAD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2020.
CAD 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 2750.9480, compared to 2935.0433 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 184.0953 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2020 was March, with a trading range of 214.8405 MGA (High: 2783.3782 / Low: 2568.5377). On the other end, July was the most stable month, with a tight range of 56.2263 MGA (High: 2876.3945 / Low: 2820.1683).
Growth Streaks & Declines
TrendsBetween March and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 116.3608 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2020: 2981.1610) against the same month in 2019 (average: 2737.8754), the exchange rate shifted by +243.2856 (+8.89%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 2858.9745 | 2738.4118 | 2814.5442 |
| February | 2816.7181 | 2738.4118 | 2788.6924 |
| March | 2783.3782 | 2568.5377 | 2672.3316 |
| April | 2755.4745 | 2637.6223 | 2685.0440 |
| May | 2771.0165 | 2663.4417 | 2722.6503 |
| June | 2853.7350 | 2788.3949 | 2822.4258 |
| July | 2876.3945 | 2820.1683 | 2845.5032 |
| August | 2953.3410 | 2830.6750 | 2898.3754 |
| September | 2946.7605 | 2890.0217 | 2921.0280 |
| October | 3002.7807 | 2922.5578 | 2965.7090 |
| November | 3033.1391 | 2912.2434 | 2998.4831 |
| December | 3045.3624 | 2879.8142 | 2981.1610 |