2019 GHS to TOP Historical Review

YEARLY HIGH

0.4717 TOP

YEARLY LOW

0.1581 TOP

YEARLY AVERAGE

0.4270 TOP

2019 GHS to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the GHS to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on January 6, valuing the pair at 0.4717. Conversely, the yearly low was recorded on May 19, dropping to 0.1581.

This high-to-low spread represents a total annual volatility of 0.3136 TOP. From a start-to-finish perspective, comparing the January average rate of 0.4627 to the December average rate of 0.4036, the exchange rate registered a net change of -12.77% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2019 high of 0.4717 was down 7.05% compared to the 2018 peak of 0.5075, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,358 TOP

2018 Average 2,428 TOP

Yearly Trough Low 790 TOP

Transaction Impact: A difference of 1,568.05 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

0.4687

0.3977

JanuMarcMayJulySeptNove

GHS 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 0.4340, compared to 0.4200 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0140 points.

H1 Avg (Jan–Jun) 0.4340

H2 Avg (Jul–Dec) 0.4200

Volatility Range Comparison

Volatility

The most volatile month in 2019 was May, with a trading range of 0.2876 TOP (High: 0.4456 / Low: 0.1581). On the other end, July was the most stable month, with a tight range of 0.0057 TOP (High: 0.4251 / Low: 0.4194).

May Spread (Volatile) ±0.2876

July Spread (Stable) ±0.0057

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2019. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0334 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0334

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2019: 0.4627) against the same month in 2018 (average: 0.4948), the exchange rate shifted by -0.0321 (-6.49%).

2019 Avg (January) 0.4627

2018 Avg (January) 0.4948

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4717	0.4505	0.4627
February	0.4520	0.4104	0.4294
March	0.4433	0.4000	0.4176
April	0.4489	0.4073	0.4382
May	0.4456	0.1581	0.4317
June	0.4277	0.4177	0.4241
July	0.4251	0.4194	0.4227
August	0.4334	0.4237	0.4264
September	0.4274	0.4168	0.4228
October	0.4345	0.4207	0.4263
November	0.4219	0.4128	0.4180
December	0.4137	0.3994	0.4036