2021 ARS to TOP Historical Review

YEARLY HIGH

0.0270 TOP

YEARLY LOW

0.0222 TOP

YEARLY AVERAGE

0.0239 TOP

2021 ARS to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the ARS to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 0.0270. Conversely, the yearly low was recorded on December 31, dropping to 0.0222.

This high-to-low spread represents a total annual volatility of 0.0048 TOP. From a start-to-finish perspective, comparing the January average rate of 0.0266 to the December average rate of 0.0224, the exchange rate registered a net change of -15.52% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.0270 was down 29.96% compared to the 2020 peak of 0.0385, 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 135 TOP

2020 Average 165 TOP

Yearly Trough Low 111 TOP

Transaction Impact: A difference of 24.23 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.0270

0.0220

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 0.0249, compared to 0.0229 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0020 points.

H1 Avg (Jan–Jun) 0.0249

H2 Avg (Jul–Dec) 0.0229

Volatility Range Comparison

Volatility

The most volatile month in 2021 was February, with a trading range of 0.0010 TOP (High: 0.0263 / Low: 0.0253). On the other end, September was the most stable month, with a tight range of 0.0002 TOP (High: 0.0231 / Low: 0.0229).

February Spread (Volatile) ±0.0010

September Spread (Stable) ±0.0002

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2021. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0008 points.

Longest Streak 0 Mo.

Sharpest MoM Drop -0.0008

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2021: 0.0266) against the same month in 2020 (average: 0.0383), the exchange rate shifted by -0.0118 (-30.71%).

2021 Avg (January) 0.0266

2020 Avg (January) 0.0383

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0270	0.0263	0.0266
February	0.0263	0.0253	0.0259
March	0.0255	0.0248	0.0251
April	0.0251	0.0242	0.0246
May	0.0243	0.0236	0.0239
June	0.0237	0.0234	0.0235
July	0.0236	0.0234	0.0235
August	0.0235	0.0231	0.0233
September	0.0231	0.0229	0.0229
October	0.0230	0.0224	0.0227
November	0.0226	0.0224	0.0225
December	0.0226	0.0222	0.0224