2021 TOP to MGA Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2021.
2021 TOP to MGA Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2021
During 2021, the TOP to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on October 31, valuing the pair at 1779.7490. Conversely, the yearly low was recorded on February 8, dropping to 1613.0554.
This high-to-low spread represents a total annual volatility of 166.6936 MGA. From a start-to-finish perspective, comparing the January average rate of 1669.4012 to the December average rate of 1736.4479, the exchange rate registered a net change of 4.02% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2021 high of 1779.7490 was up 2.79% compared to the 2020 peak of 1731.4452, 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 2021.
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 1664.9801, compared to 1736.3479 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 71.3678 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2021 was January, with a trading range of 83.3572 MGA (High: 1728.7819 / Low: 1645.4247). On the other end, September was the most stable month, with a tight range of 25.2569 MGA (High: 1758.0613 / Low: 1732.8043).
Growth Streaks & Declines
TrendsBetween February and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 9 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 30.2161 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (October 2021: 1756.0166) against the same month in 2020 (average: 1692.8768), the exchange rate shifted by +63.1398 (+3.73%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1728.7819 | 1645.4247 | 1669.4012 |
| February | 1652.5959 | 1613.0554 | 1639.1850 |
| March | 1672.5336 | 1633.8028 | 1654.9792 |
| April | 1678.3982 | 1652.3146 | 1664.7856 |
| May | 1688.0664 | 1659.9637 | 1670.1373 |
| June | 1731.6819 | 1672.9309 | 1691.3924 |
| July | 1745.9721 | 1668.7488 | 1700.2559 |
| August | 1739.7604 | 1676.0449 | 1718.6453 |
| September | 1758.0613 | 1732.8043 | 1744.4656 |
| October | 1779.7490 | 1728.2887 | 1756.0166 |
| November | 1775.2607 | 1744.0565 | 1762.2561 |
| December | 1746.4779 | 1710.3869 | 1736.4479 |