YEARLY HIGH
3.0880 MGA
YEARLY LOW
2.4718 MGA
YEARLY AVERAGE
2.7750 MGA

2020 MMK to MGA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the MMK to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on October 29, valuing the pair at 3.0880. Conversely, the yearly low was recorded on January 4, dropping to 2.4718.

This high-to-low spread represents a total annual volatility of 0.6162 MGA. From a start-to-finish perspective, comparing the January average rate of 2.5066 to the December average rate of 2.8561, the exchange rate registered a net change of 13.95% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 3.0880 was up 23.30% compared to the 2019 peak of 2.5044, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 15,440 MGA
2019 Average 11,939 MGA
Yearly Trough Low 12,359 MGA
Transaction Impact: A difference of 3,081.00 MGA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

3.0842
2.4541
JanuMarcMayJulySeptNove

MMK 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 2.6392, compared to 2.9107 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2715 points.

H1 Avg (Jan–Jun) 2.6392
H2 Avg (Jul–Dec) 2.9107

Volatility Range Comparison

Volatility

The most volatile month in 2020 was November, with a trading range of 0.1925 MGA (High: 3.0691 / Low: 2.8766). On the other end, May was the most stable month, with a tight range of 0.0429 MGA (High: 2.7361 / Low: 2.6931).

November Spread (Volatile) ±0.1925
May Spread (Stable) ±0.0429

Growth Streaks & Declines

Trends

Between April and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.1619 points.

Longest Streak 6 Mo.
Sharpest MoM Drop -0.1619

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2020: 3.0317) against the same month in 2019 (average: 2.4085), the exchange rate shifted by +0.6231 (+25.87%).

2020 Avg (October) 3.0317
2019 Avg (October) 2.4085

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 2.5340 2.4718 2.5066
February 2.5922 2.4780 2.5542
March 2.7636 2.5889 2.6584
April 2.7028 2.6035 2.6567
May 2.7361 2.6931 2.7150
June 2.8174 2.6696 2.7445
July 2.8441 2.7695 2.8093
August 2.9022 2.7841 2.8274
September 2.9782 2.8759 2.9216
October 3.0880 2.9843 3.0317
November 3.0691 2.8766 3.0180
December 2.9200 2.7448 2.8561