2020 MGA to VEF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2020.
2020 MGA to VEF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2020
During 2020, the MGA to VEF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 68.6430. Conversely, the yearly low was recorded on November 17, dropping to 62.5126.
This high-to-low spread represents a total annual volatility of 6.1304 VEF. From a start-to-finish perspective, comparing the January average rate of 67.5126 to the December average rate of 65.0966, the exchange rate registered a net change of -3.58% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2020 high of 68.6430 was down 32.70% compared to the 2019 peak of 101.9969, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 MGA based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2020.
MGA to VEF 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 66.2310, compared to 64.2781 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.9529 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2020 was December, with a trading range of 3.2334 VEF (High: 66.7978 / Low: 63.5643). On the other end, May was the most stable month, with a tight range of 0.8662 VEF (High: 65.8040 / Low: 64.9378).
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 September and October, when the average rate fell by 0.9287 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2020: 67.5126) against the same month in 2019 (average: 69.8383), the exchange rate shifted by -2.3257 (-3.33%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 68.6430 | 66.7553 | 67.5126 |
| February | 68.5483 | 66.5600 | 67.0865 |
| March | 68.1721 | 65.9158 | 66.7588 |
| April | 66.2634 | 64.9912 | 65.8479 |
| May | 65.8040 | 64.9378 | 65.2331 |
| June | 66.3962 | 64.1695 | 64.9473 |
| July | 65.3571 | 64.1745 | 64.6412 |
| August | 65.5813 | 64.4660 | 64.7594 |
| September | 64.8192 | 63.7899 | 64.3650 |
| October | 63.8848 | 62.5281 | 63.4363 |
| November | 65.6777 | 62.5126 | 63.3702 |
| December | 66.7978 | 63.5643 | 65.0966 |