2020 TRY to MGA Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2020.
2020 TRY to MGA Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2020
During 2020, the TRY to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on January 16, valuing the pair at 634.0690. Conversely, the yearly low was recorded on November 7, dropping to 457.4780.
This high-to-low spread represents a total annual volatility of 176.5910 MGA. From a start-to-finish perspective, comparing the January average rate of 621.3042 to the December average rate of 495.9484, the exchange rate registered a net change of -20.18% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2020 high of 634.0690 was down 7.89% compared to the 2019 peak of 688.3566, indicating shifts in long-term support levels.
Comparing the value generated converting 50,000 TRY based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2020.
TRY 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 580.2045, compared to 513.3850 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 66.8195 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2020 was November, with a trading range of 62.6159 MGA (High: 520.0939 / Low: 457.4780). On the other end, June was the most stable month, with a tight range of 14.0663 MGA (High: 566.8728 / Low: 552.8065).
Growth Streaks & Declines
TrendsBetween October and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 35.8603 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2020: 621.3042) against the same month in 2019 (average: 664.1870), the exchange rate shifted by -42.8828 (-6.46%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 634.0690 | 605.9846 | 621.3042 |
| February | 618.3453 | 596.4410 | 610.6507 |
| March | 607.8847 | 566.8838 | 586.8188 |
| April | 568.7028 | 540.9304 | 550.9586 |
| May | 567.0836 | 527.7948 | 550.2731 |
| June | 566.8728 | 552.8065 | 561.2217 |
| July | 564.4652 | 545.2850 | 559.4806 |
| August | 552.6299 | 517.6752 | 527.3332 |
| September | 520.1069 | 497.5087 | 511.5281 |
| October | 503.6538 | 470.2401 | 492.9129 |
| November | 520.0939 | 457.4780 | 493.1069 |
| December | 524.9374 | 473.7103 | 495.9484 |