2020 GHS to TOP Historical Review

YEARLY HIGH

0.4362 TOP

YEARLY LOW

0.3822 TOP

YEARLY AVERAGE

0.4017 TOP

2020 GHS to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the GHS to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on February 23, valuing the pair at 0.4362. Conversely, the yearly low was recorded on December 7, dropping to 0.3822.

This high-to-low spread represents a total annual volatility of 0.0540 TOP. From a start-to-finish perspective, comparing the January average rate of 0.4064 to the December average rate of 0.3892, the exchange rate registered a net change of -4.23% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.4362 was down 7.51% compared to the 2019 peak of 0.4717, 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 2,181 TOP

2019 Average 2,135 TOP

Yearly Trough Low 1,911 TOP

Transaction Impact: A difference of 269.98 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.4348

0.3850

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 0.4091, compared to 0.3944 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0147 points.

H1 Avg (Jan–Jun) 0.4091

H2 Avg (Jul–Dec) 0.3944

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.0257 TOP (High: 0.4314 / Low: 0.4057). On the other end, October was the most stable month, with a tight range of 0.0027 TOP (High: 0.3996 / Low: 0.3969).

March Spread (Volatile) ±0.0257

October Spread (Stable) ±0.0027

Growth Streaks & Declines

Trends

Between June and August, 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 March and April, when the average rate fell by 0.0165 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0165

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2020: 0.4307) against the same month in 2019 (average: 0.4294), the exchange rate shifted by +0.0013 (+0.30%).

2020 Avg (February) 0.4307

2019 Avg (February) 0.4294

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4212	0.4000	0.4064
February	0.4362	0.4212	0.4307
March	0.4314	0.4057	0.4209
April	0.4102	0.3977	0.4044
May	0.4025	0.3962	0.3997
June	0.3985	0.3869	0.3925
July	0.3973	0.3922	0.3947
August	0.3970	0.3925	0.3951
September	0.4000	0.3908	0.3948
October	0.3996	0.3969	0.3981
November	0.3995	0.3902	0.3944
December	0.3916	0.3822	0.3892