2018 ARS to TOP Historical Review

YEARLY HIGH

0.1235 TOP

YEARLY LOW

0.0560 TOP

YEARLY AVERAGE

0.0866 TOP

2018 ARS to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the ARS to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on January 2, valuing the pair at 0.1235. Conversely, the yearly low was recorded on September 30, dropping to 0.0560.

This high-to-low spread represents a total annual volatility of 0.0675 TOP. From a start-to-finish perspective, comparing the January average rate of 0.1183 to the December average rate of 0.0602, the exchange rate registered a net change of -49.07% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2018 high of 0.1235 was down 19.23% compared to the 2017 peak of 0.1529, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 ARS based on timing:

Yearly Peak High 617 TOP

2017 Average 687 TOP

Yearly Trough Low 280 TOP

Transaction Impact: A difference of 337.61 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

0.1241

0.0541

JanuMarcMayJulySeptNove

ARS to TOP Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 0.1054, compared to 0.0679 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0375 points.

H1 Avg (Jan–Jun) 0.1054

H2 Avg (Jul–Dec) 0.0679

Volatility Range Comparison

Volatility

The most volatile month in 2018 was August, with a trading range of 0.0251 TOP (High: 0.0848 / Low: 0.0596). On the other end, March was the most stable month, with a tight range of 0.0018 TOP (High: 0.1108 / Low: 0.1090).

August Spread (Volatile) ±0.0251

March Spread (Stable) ±0.0018

Growth Streaks & Declines

Trends

Between September and November, 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 August and September, when the average rate fell by 0.0179 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0179

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2018: 0.1183) against the same month in 2017 (average: 0.1449), the exchange rate shifted by -0.0266 (-18.34%).

2018 Avg (January) 0.1183

2017 Avg (January) 0.1449

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1235	0.1127	0.1183
February	0.1141	0.1097	0.1117
March	0.1108	0.1090	0.1100
April	0.1111	0.1076	0.1099
May	0.1087	0.0908	0.0964
June	0.0916	0.0798	0.0859
July	0.0853	0.0803	0.0838
August	0.0848	0.0596	0.0779
September	0.0627	0.0560	0.0600
October	0.0642	0.0585	0.0623
November	0.0648	0.0587	0.0632
December	0.0627	0.0588	0.0602