2020 CVE to MGA Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2020.
2020 CVE to MGA Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2020
During 2020, the CVE to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on December 25, valuing the pair at 43.1007. Conversely, the yearly low was recorded on March 18, dropping to 14.4429.
This high-to-low spread represents a total annual volatility of 28.6578 MGA. From a start-to-finish perspective, comparing the January average rate of 36.9361 to the December average rate of 41.9986, the exchange rate registered a net change of 13.71% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2020 high of 43.1007 was up 14.63% compared to the 2019 peak of 37.5994, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 CVE based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2020.
CVE 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 37.2295, compared to 41.2490 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 4.0195 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2020 was March, with a trading range of 23.5517 MGA (High: 37.9946 / Low: 14.4429). On the other end, September was the most stable month, with a tight range of 0.7041 MGA (High: 41.3865 / Low: 40.6824).
Growth Streaks & Declines
TrendsBetween March and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 9 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.4186 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2020: 41.9986) against the same month in 2019 (average: 36.1521), the exchange rate shifted by +5.8465 (+16.17%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 37.6072 | 36.0876 | 36.9361 |
| February | 36.9348 | 36.1867 | 36.5174 |
| March | 37.9946 | 14.4429 | 36.4037 |
| April | 37.5273 | 36.7661 | 37.0524 |
| May | 38.2306 | 37.0677 | 37.5792 |
| June | 39.3239 | 38.1304 | 38.8882 |
| July | 40.7784 | 38.2367 | 39.6975 |
| August | 41.5892 | 40.1505 | 41.1018 |
| September | 41.3865 | 40.6824 | 41.1372 |
| October | 42.2069 | 41.2588 | 41.6324 |
| November | 42.5817 | 41.0129 | 41.9263 |
| December | 43.1007 | 40.7114 | 41.9986 |