2020 ETB to MGA Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2020.
2020 ETB to MGA Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2020
During 2020, the ETB to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on February 23, valuing the pair at 116.9492. Conversely, the yearly low was recorded on December 21, dropping to 95.8962.
This high-to-low spread represents a total annual volatility of 21.0530 MGA. From a start-to-finish perspective, comparing the January average rate of 114.8186 to the December average rate of 98.6566, the exchange rate registered a net change of -14.08% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2020 high of 116.9492 was down 9.26% compared to the 2019 peak of 128.8773, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 ETB based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2020.
ETB 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 113.7788, compared to 104.9127 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 8.8662 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2020 was November, with a trading range of 6.5665 MGA (High: 105.7149 / Low: 99.1484). On the other end, October was the most stable month, with a tight range of 1.7842 MGA (High: 106.0702 / Low: 104.2860).
Growth Streaks & Declines
TrendsNo sustained consecutive month-over-month growth streak of 2+ months occurred in 2020. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 4.9023 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2020: 115.4054) against the same month in 2019 (average: 124.1992), the exchange rate shifted by -8.7938 (-7.08%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 116.2934 | 112.7527 | 114.8186 |
| February | 116.9492 | 112.9283 | 115.4054 |
| March | 115.0974 | 111.6366 | 114.1574 |
| April | 115.8854 | 112.7480 | 114.1846 |
| May | 114.8856 | 111.1452 | 112.8822 |
| June | 113.5587 | 109.1108 | 111.2248 |
| July | 110.4568 | 107.8582 | 109.2586 |
| August | 109.2819 | 106.5113 | 107.3427 |
| September | 106.4485 | 104.5225 | 105.3794 |
| October | 106.0702 | 104.2860 | 105.2797 |
| November | 105.7149 | 99.1484 | 103.5589 |
| December | 100.8927 | 95.8962 | 98.6566 |