2020 KWD to MGA Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2020.
2020 KWD to MGA Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2020
During 2020, the KWD to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on November 17, valuing the pair at 12998.1394. Conversely, the yearly low was recorded on March 16, dropping to 11796.6317.
This high-to-low spread represents a total annual volatility of 1201.5077 MGA. From a start-to-finish perspective, comparing the January average rate of 12128.4228 to the December average rate of 12524.2434, the exchange rate registered a net change of 3.26% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2020 high of 12998.1394 was up 4.40% compared to the 2019 peak of 12450.3437, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 KWD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2020.
KWD 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 12198.4904, compared to 12640.3306 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 441.8402 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2020 was December, with a trading range of 630.4402 MGA (High: 12811.1868 / Low: 12180.7466). On the other end, July was the most stable month, with a tight range of 139.5135 MGA (High: 12579.9616 / Low: 12440.4481).
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 November and December, when the average rate fell by 306.3552 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2020: 12830.5986) against the same month in 2019 (average: 12149.4176), the exchange rate shifted by +681.1810 (+5.61%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 12268.5226 | 11929.6791 | 12128.4228 |
| February | 12213.0838 | 11929.6791 | 12141.1609 |
| March | 12173.2410 | 11796.6317 | 12038.6976 |
| April | 12353.4909 | 11992.5182 | 12125.9624 |
| May | 12377.2280 | 12206.6216 | 12328.4718 |
| June | 12582.4978 | 12141.5919 | 12428.2272 |
| July | 12579.9616 | 12440.4481 | 12512.3031 |
| August | 12612.6738 | 12395.3559 | 12551.1639 |
| September | 12717.6545 | 12532.5287 | 12618.9204 |
| October | 12993.3401 | 12694.3769 | 12804.7544 |
| November | 12998.1394 | 12388.5085 | 12830.5986 |
| December | 12811.1868 | 12180.7466 | 12524.2434 |