2021 TOP to BND Historical Review

YEARLY HIGH

0.6042 BND

YEARLY LOW

0.5751 BND

YEARLY AVERAGE

0.5930 BND

2021 TOP to BND Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the TOP to BND exchange rate experienced significant fluctuation. The market reached its absolute peak on November 23, valuing the pair at 0.6042. Conversely, the yearly low was recorded on February 19, dropping to 0.5751.

This high-to-low spread represents a total annual volatility of 0.0292 BND. From a start-to-finish perspective, comparing the January average rate of 0.5817 to the December average rate of 0.5967, the exchange rate registered a net change of 2.59% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.6042 was down 2.59% compared to the 2020 peak of 0.6203, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 3,021 BND

2020 Average 2,996 BND

Yearly Trough Low 2,875 BND

Transaction Impact: A difference of 145.89 BND purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.6036

0.5761

JanuMarcMayJulySeptNove

TOP to BND 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 0.5871, compared to 0.5990 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0120 points.

H1 Avg (Jan–Jun) 0.5871

H2 Avg (Jul–Dec) 0.5990

Volatility Range Comparison

Volatility

The most volatile month in 2021 was March, with a trading range of 0.0153 BND (High: 0.5943 / Low: 0.5791). On the other end, September was the most stable month, with a tight range of 0.0052 BND (High: 0.6010 / Low: 0.5957).

March Spread (Volatile) ±0.0153

September Spread (Stable) ±0.0052

Growth Streaks & Declines

Trends

Between April and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0046 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0046

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2021: 0.6013) against the same month in 2020 (average: 0.5856), the exchange rate shifted by +0.0157 (+2.68%).

2021 Avg (November) 0.6013

2020 Avg (November) 0.5856

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5867	0.5777	0.5817
February	0.5852	0.5751	0.5784
March	0.5943	0.5791	0.5886
April	0.5888	0.5832	0.5866
May	0.5941	0.5850	0.5904
June	0.5995	0.5933	0.5966
July	0.6036	0.5959	0.5997
August	0.6020	0.5941	0.5985
September	0.6010	0.5957	0.5982
October	0.6031	0.5966	0.5996
November	0.6042	0.5983	0.6013
December	0.5998	0.5936	0.5967

૨૦૨૫ TOP થી BND ઐતિહાસિક સમીક્ષા