2022 ARS to TOP Historical Review

YEARLY HIGH

0.0222 TOP

YEARLY LOW

0.0132 TOP

YEARLY AVERAGE

0.0183 TOP

2022 ARS to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2022

During 2022, the ARS to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on January 9, valuing the pair at 0.0222. Conversely, the yearly low was recorded on December 31, dropping to 0.0132.

This high-to-low spread represents a total annual volatility of 0.0090 TOP. From a start-to-finish perspective, comparing the January average rate of 0.0219 to the December average rate of 0.0136, the exchange rate registered a net change of -37.81% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2022 high of 0.0222 was down 17.66% compared to the 2021 peak of 0.0270, 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 111 TOP

2021 Average 119 TOP

Yearly Trough Low 66 TOP

Transaction Impact: A difference of 45.05 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2022.

0.0227

0.0128

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 0.0204, compared to 0.0161 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0043 points.

H1 Avg (Jan–Jun) 0.0204

H2 Avg (Jul–Dec) 0.0161

Volatility Range Comparison

Volatility

The most volatile month in 2022 was November, with a trading range of 0.0013 TOP (High: 0.0154 / Low: 0.0141). On the other end, April was the most stable month, with a tight range of 0.0004 TOP (High: 0.0202 / Low: 0.0198).

November Spread (Volatile) ±0.0013

April Spread (Stable) ±0.0004

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2022. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.0013 points.

Longest Streak 0 Mo.

Sharpest MoM Drop -0.0013

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2022: 0.0219) against the same month in 2021 (average: 0.0266), the exchange rate shifted by -0.0047 (-17.52%).

2022 Avg (January) 0.0219

2021 Avg (January) 0.0266

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0222	0.0216	0.0219
February	0.0216	0.0210	0.0213
March	0.0212	0.0203	0.0207
April	0.0202	0.0198	0.0200
May	0.0200	0.0191	0.0197
June	0.0192	0.0187	0.0190
July	0.0187	0.0178	0.0183
August	0.0177	0.0170	0.0173
September	0.0170	0.0164	0.0167
October	0.0165	0.0154	0.0160
November	0.0154	0.0141	0.0147
December	0.0140	0.0132	0.0136