2020 NIO to MGA Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2020.
2020 NIO to MGA Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2020
During 2020, the NIO to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on October 29, valuing the pair at 114.2343. Conversely, the yearly low was recorded on January 28, dropping to 105.9322.
This high-to-low spread represents a total annual volatility of 8.3021 MGA. From a start-to-finish perspective, comparing the January average rate of 108.4381 to the December average rate of 109.5323, the exchange rate registered a net change of 1.01% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2020 high of 114.2343 was up 1.43% compared to the 2019 peak of 112.6283, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 NIO based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2020.
NIO 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 110.2826, compared to 111.2094 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.9268 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2020 was November, with a trading range of 5.6396 MGA (High: 114.1913 / Low: 108.5518). On the other end, August was the most stable month, with a tight range of 1.8979 MGA (High: 111.5968 / Low: 109.6989).
Growth Streaks & Declines
TrendsBetween January and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 2.9005 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (October 2020: 112.7037) against the same month in 2019 (average: 109.5296), the exchange rate shifted by +3.1742 (+2.90%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 110.3440 | 105.9322 | 108.4381 |
| February | 110.0631 | 106.1493 | 108.9692 |
| March | 111.2378 | 106.8222 | 109.6059 |
| April | 112.1253 | 109.0909 | 110.6692 |
| May | 113.4097 | 109.7354 | 112.0353 |
| June | 113.4585 | 109.2701 | 111.9778 |
| July | 113.5276 | 110.3628 | 111.1517 |
| August | 111.5968 | 109.6989 | 110.3741 |
| September | 112.1114 | 109.9319 | 111.0618 |
| October | 114.2343 | 111.7563 | 112.7037 |
| November | 114.1913 | 108.5518 | 112.4327 |
| December | 112.1161 | 106.7738 | 109.5323 |