2020 RWF to MGA Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2020.
2020 RWF to MGA Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2020
During 2020, the RWF to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on October 2, valuing the pair at 4.0838. Conversely, the yearly low was recorded on December 2, dropping to 3.7622.
This high-to-low spread represents a total annual volatility of 0.3215 MGA. From a start-to-finish perspective, comparing the January average rate of 3.9013 to the December average rate of 3.8661, the exchange rate registered a net change of -0.90% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2020 high of 4.0838 was down 0.31% compared to the 2019 peak of 4.0967, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 RWF based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2020.
RWF 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 3.9765, compared to 3.9844 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0079 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2020 was November, with a trading range of 0.2198 MGA (High: 4.0458 / Low: 3.8260). On the other end, August was the most stable month, with a tight range of 0.0484 MGA (High: 4.0136 / Low: 3.9653).
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 0.1203 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (October 2020: 4.0252) against the same month in 2019 (average: 3.9871), the exchange rate shifted by +0.0381 (+0.96%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 3.9733 | 3.8385 | 3.9013 |
| February | 3.9839 | 3.8250 | 3.9348 |
| March | 4.0099 | 3.8733 | 3.9405 |
| April | 4.0555 | 3.9625 | 4.0002 |
| May | 4.0802 | 4.0097 | 4.0520 |
| June | 4.0741 | 3.9813 | 4.0304 |
| July | 4.0709 | 3.9916 | 4.0302 |
| August | 4.0136 | 3.9653 | 3.9877 |
| September | 4.0533 | 3.9643 | 4.0110 |
| October | 4.0838 | 3.9848 | 4.0252 |
| November | 4.0458 | 3.8260 | 3.9864 |
| December | 3.9441 | 3.7622 | 3.8661 |