2020 PKR to MGA Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2020.
2020 PKR to MGA Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2020
During 2020, the PKR to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on November 17, valuing the pair at 25.1344. Conversely, the yearly low was recorded on April 15, dropping to 22.4699.
This high-to-low spread represents a total annual volatility of 2.6644 MGA. From a start-to-finish perspective, comparing the January average rate of 23.7890 to the December average rate of 23.8226, the exchange rate registered a net change of 0.14% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2020 high of 25.1344 was down 3.73% compared to the 2019 peak of 26.1072, indicating shifts in long-term support levels.
Comparing the value generated converting 500,000 PKR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2020.
PKR 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 23.5150, compared to 23.5938 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0788 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2020 was March, with a trading range of 1.5162 MGA (High: 24.1309 / Low: 22.6147). On the other end, September was the most stable month, with a tight range of 0.4147 MGA (High: 23.5138 / Low: 23.0991).
Growth Streaks & Declines
TrendsBetween August and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.7881 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2020: 24.6107) against the same month in 2019 (average: 23.7172), the exchange rate shifted by +0.8935 (+3.77%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 24.0775 | 23.3699 | 23.7890 |
| February | 24.1923 | 23.4704 | 23.9932 |
| March | 24.1309 | 22.6147 | 23.5183 |
| April | 23.6755 | 22.4699 | 22.9325 |
| May | 23.9313 | 23.3622 | 23.7535 |
| June | 23.3237 | 22.8934 | 23.1032 |
| July | 23.2773 | 22.6809 | 22.9891 |
| August | 23.2700 | 22.5670 | 22.8279 |
| September | 23.5138 | 23.0991 | 23.2546 |
| October | 24.7414 | 23.6205 | 24.0578 |
| November | 25.1344 | 23.7269 | 24.6107 |
| December | 24.3851 | 23.2196 | 23.8226 |