2020 TOP to MGA Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2020.
2020 TOP to MGA Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2020
During 2020, the TOP to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on November 17, valuing the pair at 1731.4452. Conversely, the yearly low was recorded on March 16, dropping to 1544.1243.
This high-to-low spread represents a total annual volatility of 187.3209 MGA. From a start-to-finish perspective, comparing the January average rate of 1602.7181 to the December average rate of 1671.8819, the exchange rate registered a net change of 4.32% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2020 high of 1731.4452 was up 5.92% compared to the 2019 peak of 1634.6517, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 TOP based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2020.
TOP 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 1622.9856, compared to 1687.9361 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 64.9505 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2020 was December, with a trading range of 84.5305 MGA (High: 1711.6008 / Low: 1627.0703). On the other end, July was the most stable month, with a tight range of 24.9969 MGA (High: 1697.2715 / Low: 1672.2746).
Growth Streaks & Declines
TrendsBetween March and July, 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 32.3395 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2020: 1704.2214) against the same month in 2019 (average: 1592.8018), the exchange rate shifted by +111.4196 (+7.00%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1623.4179 | 1564.8459 | 1602.7181 |
| February | 1611.5924 | 1564.8459 | 1599.1252 |
| March | 1609.2226 | 1544.1243 | 1585.0304 |
| April | 1652.0257 | 1590.5331 | 1615.6941 |
| May | 1665.0563 | 1637.2021 | 1650.3582 |
| June | 1697.5410 | 1655.8320 | 1684.9875 |
| July | 1697.2715 | 1672.2746 | 1686.1024 |
| August | 1699.1169 | 1668.0608 | 1682.5078 |
| September | 1703.5129 | 1675.1324 | 1690.0260 |
| October | 1710.3395 | 1681.8192 | 1692.8768 |
| November | 1731.4452 | 1654.2390 | 1704.2214 |
| December | 1711.6008 | 1627.0703 | 1671.8819 |