2020 CDF to TOP Historical Review

YEARLY HIGH

0.0015 TOP

YEARLY LOW

0.0011 TOP

YEARLY AVERAGE

0.0013 TOP

2020 CDF to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the CDF to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on December 6, valuing the pair at 0.0015. Conversely, the yearly low was recorded on August 7, dropping to 0.0011.

This high-to-low spread represents a total annual volatility of 0.0004 TOP. From a start-to-finish perspective, comparing the January average rate of 0.0014 to the December average rate of 0.0012, the exchange rate registered a net change of -13.99% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.0015 was up 7.64% compared to the 2019 peak of 0.0014, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 8 TOP

2019 Average 7 TOP

Yearly Trough Low 6 TOP

Transaction Impact: A difference of 1.97 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.0014

0.0011

JanuMarcMayJulySeptNove

CDF 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 0.0013, compared to 0.0012 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0002 points.

H1 Avg (Jan–Jun) 0.0013

H2 Avg (Jul–Dec) 0.0012

Volatility Range Comparison

Volatility

The most volatile month in 2020 was December, with a trading range of 0.0004 TOP (High: 0.0015 / Low: 0.0012). On the other end, February was the most stable month, with a tight range of 0.0000 TOP (High: 0.0014 / Low: 0.0014).

December Spread (Volatile) ±0.0004

February Spread (Stable) ±0.0000

Growth Streaks & Declines

Trends

Between January and March, 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 May and June, when the average rate fell by 0.0001 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0001

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2020: 0.0012) against the same month in 2019 (average: 0.0014), the exchange rate shifted by -0.0002 (-14.53%).

2020 Avg (December) 0.0012

2019 Avg (December) 0.0014

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0014	0.0014	0.0014
February	0.0014	0.0014	0.0014
March	0.0014	0.0014	0.0014
April	0.0014	0.0013	0.0014
May	0.0013	0.0013	0.0013
June	0.0013	0.0012	0.0012
July	0.0012	0.0012	0.0012
August	0.0012	0.0011	0.0012
September	0.0012	0.0012	0.0012
October	0.0013	0.0012	0.0012
November	0.0012	0.0012	0.0012
December	0.0015	0.0012	0.0012