YEARLY HIGH
254.3414 MGA
YEARLY LOW
225.7342 MGA
YEARLY AVERAGE
240.9790 MGA

2020 EGP to MGA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the EGP to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on November 17, valuing the pair at 254.3414. Conversely, the yearly low was recorded on January 4, dropping to 225.7342.

This high-to-low spread represents a total annual volatility of 28.6072 MGA. From a start-to-finish perspective, comparing the January average rate of 231.5385 to the December average rate of 243.3675, the exchange rate registered a net change of 5.11% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 254.3414 was up 9.61% compared to the 2019 peak of 232.0517, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 EGP based on timing:

Yearly Peak High 1,271,707 MGA
2019 Average 1,081,978 MGA
Yearly Trough Low 1,128,671 MGA
Transaction Impact: A difference of 143,036.08 MGA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

252.4473
229.6377
JanuMarcMayJulySeptNove

EGP to MGA Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 237.1398, compared to 244.8181 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 7.6783 points.

H1 Avg (Jan–Jun) 237.1398
H2 Avg (Jul–Dec) 244.8181

Volatility Range Comparison

Volatility

The most volatile month in 2020 was December, with a trading range of 13.7376 MGA (High: 250.8447 / Low: 237.1071). On the other end, July was the most stable month, with a tight range of 4.0544 MGA (High: 241.8813 / Low: 237.8269).

December Spread (Volatile) ±13.7376
July Spread (Stable) ±4.0544

Growth Streaks & Declines

Trends

Between June and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 7.1790 points.

Longest Streak 5 Mo.
Sharpest MoM Drop -7.1790

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2020: 250.5465) against the same month in 2019 (average: 228.8393), the exchange rate shifted by +21.7072 (+9.49%).

2020 Avg (November) 250.5465
2019 Avg (November) 228.8393

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 235.2428 225.7342 231.5385
February 239.9533 229.4303 236.2132
March 239.6242 231.4392 237.3212
April 242.7513 237.4185 239.3602
May 244.3929 239.9784 241.7075
June 239.5094 230.5928 236.6982
July 241.8813 237.8269 240.1545
August 242.8940 237.4187 240.7876
September 247.0967 241.5277 244.6881
October 253.1883 247.4433 249.3646
November 254.3414 241.6807 250.5465
December 250.8447 237.1071 243.3675