YEARLY HIGH
7.0776 SZL
YEARLY LOW
6.0443 SZL
YEARLY AVERAGE
6.5204 SZL

2021 TOP to SZL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the TOP to SZL exchange rate experienced significant fluctuation. The market reached its absolute peak on November 29, valuing the pair at 7.0776. Conversely, the yearly low was recorded on June 7, dropping to 6.0443.

This high-to-low spread represents a total annual volatility of 1.0333 SZL. From a start-to-finish perspective, comparing the January average rate of 6.6182 to the December average rate of 6.9485, the exchange rate registered a net change of 4.99% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 7.0776 was down 13.44% compared to the 2020 peak of 8.1761, 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 35,388 SZL
2020 Average 35,747 SZL
Yearly Trough Low 30,222 SZL
Transaction Impact: A difference of 5,166.26 SZL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

7.0233
6.1254
JanuMarcMayJulySeptNove

TOP to SZL 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 6.4032, compared to 6.6377 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2345 points.

H1 Avg (Jan–Jun) 6.4032
H2 Avg (Jul–Dec) 6.6377

Volatility Range Comparison

Volatility

The most volatile month in 2021 was January, with a trading range of 0.4098 SZL (High: 6.8241 / Low: 6.4143). On the other end, April was the most stable month, with a tight range of 0.1564 SZL (High: 6.4260 / Low: 6.2697).

January Spread (Volatile) ±0.4098
April Spread (Stable) ±0.1564

Growth Streaks & Declines

Trends

Between September and December, 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 March and April, when the average rate fell by 0.2270 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.2270

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2021: 6.8641) against the same month in 2020 (average: 6.7522), the exchange rate shifted by +0.1119 (+1.66%).

2021 Avg (November) 6.8641
2020 Avg (November) 6.7522

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 6.8241 6.4143 6.6182
February 6.5971 6.2927 6.4358
March 6.7799 6.4606 6.5719
April 6.4260 6.2697 6.3449
May 6.3946 6.1513 6.2479
June 6.3515 6.0443 6.2002
July 6.5847 6.2850 6.4162
August 6.7338 6.3554 6.5415
September 6.6665 6.2718 6.4560
October 6.8024 6.4502 6.5998
November 7.0776 6.6705 6.8641
December 7.0744 6.8190 6.9485