2020 DJF to TOP Historical Review

YEARLY HIGH

0.0135 TOP

YEARLY LOW

0.0126 TOP

YEARLY AVERAGE

0.0129 TOP

2020 DJF to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the DJF to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on March 23, valuing the pair at 0.0135. Conversely, the yearly low was recorded on June 9, dropping to 0.0126.

This high-to-low spread represents a total annual volatility of 0.0008 TOP. From a start-to-finish perspective, comparing the January average rate of 0.0129 to the December average rate of 0.0128, the exchange rate registered a net change of -0.56% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.0135 was down 13.03% compared to the 2019 peak of 0.0155, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 67 TOP

2019 Average 64 TOP

Yearly Trough Low 63 TOP

Transaction Impact: A difference of 4.20 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.0132

0.0127

JanuMarcMayJulySeptNove

DJF 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 0.0130, compared to 0.0129 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0001 points.

H1 Avg (Jan–Jun) 0.0130

H2 Avg (Jul–Dec) 0.0129

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.0005 TOP (High: 0.0135 / Low: 0.0130). On the other end, February was the most stable month, with a tight range of 0.0001 TOP (High: 0.0130 / Low: 0.0130).

March Spread (Volatile) ±0.0005

February Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

Between June and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0002 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0002

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2020: 0.0132) against the same month in 2019 (average: 0.0127), the exchange rate shifted by +0.0005 (+3.82%).

2020 Avg (March) 0.0132

2019 Avg (March) 0.0127

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0130	0.0128	0.0129
February	0.0130	0.0130	0.0130
March	0.0135	0.0130	0.0132
April	0.0133	0.0130	0.0131
May	0.0131	0.0129	0.0130
June	0.0129	0.0126	0.0128
July	0.0129	0.0127	0.0128
August	0.0129	0.0127	0.0128
September	0.0130	0.0127	0.0128
October	0.0131	0.0129	0.0130
November	0.0131	0.0128	0.0129
December	0.0129	0.0128	0.0128