2021 GHS to TOP Historical Review

YEARLY HIGH

0.4010 TOP

YEARLY LOW

0.3661 TOP

YEARLY AVERAGE

0.3828 TOP

2021 GHS to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the GHS to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on March 3, valuing the pair at 0.4010. Conversely, the yearly low was recorded on November 2, dropping to 0.3661.

This high-to-low spread represents a total annual volatility of 0.0349 TOP. From a start-to-finish perspective, comparing the January average rate of 0.3897 to the December average rate of 0.3719, the exchange rate registered a net change of -4.56% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.4010 was down 8.08% compared to the 2020 peak of 0.4362, 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 2,005 TOP

2020 Average 2,008 TOP

Yearly Trough Low 1,830 TOP

Transaction Impact: A difference of 174.53 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.3999

0.3659

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 0.3919, compared to 0.3736 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0183 points.

H1 Avg (Jan–Jun) 0.3919

H2 Avg (Jul–Dec) 0.3736

Volatility Range Comparison

Volatility

The most volatile month in 2021 was October, with a trading range of 0.0091 TOP (High: 0.3754 / Low: 0.3663). On the other end, February was the most stable month, with a tight range of 0.0033 TOP (High: 0.3981 / Low: 0.3948).

October Spread (Volatile) ±0.0091

February Spread (Stable) ±0.0033

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 0.0055 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0055

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2021: 0.3970) against the same month in 2020 (average: 0.4209), the exchange rate shifted by -0.0239 (-5.67%).

2021 Avg (March) 0.3970

2020 Avg (March) 0.4209

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3944	0.3855	0.3897
February	0.3981	0.3948	0.3961
March	0.4010	0.3942	0.3970
April	0.3976	0.3908	0.3940
May	0.3938	0.3854	0.3900
June	0.3876	0.3816	0.3846
July	0.3853	0.3782	0.3805
August	0.3796	0.3741	0.3761
September	0.3770	0.3695	0.3733
October	0.3754	0.3663	0.3712
November	0.3726	0.3661	0.3687
December	0.3766	0.3686	0.3719