2019 ARS to TOP Historical Review

YEARLY HIGH

0.0612 TOP

YEARLY LOW

0.0381 TOP

YEARLY AVERAGE

0.0489 TOP

2019 ARS to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the ARS to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on January 11, valuing the pair at 0.0612. Conversely, the yearly low was recorded on December 28, dropping to 0.0381.

This high-to-low spread represents a total annual volatility of 0.0231 TOP. From a start-to-finish perspective, comparing the January average rate of 0.0607 to the December average rate of 0.0385, the exchange rate registered a net change of -36.63% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2019 high of 0.0612 was down 50.45% compared to the 2018 peak of 0.1235, 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 306 TOP

2018 Average 433 TOP

Yearly Trough Low 190 TOP

Transaction Impact: A difference of 115.63 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

0.0629

0.0362

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 0.0551, compared to 0.0428 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0123 points.

H1 Avg (Jan–Jun) 0.0551

H2 Avg (Jul–Dec) 0.0428

Volatility Range Comparison

Volatility

The most volatile month in 2019 was August, with a trading range of 0.0135 TOP (High: 0.0519 / Low: 0.0384). On the other end, November was the most stable month, with a tight range of 0.0005 TOP (High: 0.0390 / Low: 0.0385).

August Spread (Volatile) ±0.0135

November Spread (Stable) ±0.0005

Growth Streaks & Declines

Trends

Between May and July, 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 July and August, when the average rate fell by 0.0088 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0088

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2019: 0.0607) against the same month in 2018 (average: 0.1183), the exchange rate shifted by -0.0576 (-48.70%).

2019 Avg (January) 0.0607

2018 Avg (January) 0.1183

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0612	0.0599	0.0607
February	0.0605	0.0569	0.0589
March	0.0568	0.0514	0.0549
April	0.0552	0.0498	0.0527
May	0.0516	0.0505	0.0511
June	0.0539	0.0508	0.0524
July	0.0549	0.0521	0.0537
August	0.0519	0.0384	0.0449
September	0.0420	0.0391	0.0410
October	0.0406	0.0387	0.0398
November	0.0390	0.0385	0.0388
December	0.0389	0.0381	0.0385