2018 HKD to TOP Historical Review

YEARLY HIGH

0.2977 TOP

YEARLY LOW

0.2814 TOP

YEARLY AVERAGE

0.2900 TOP

2018 HKD to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the HKD to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on July 3, valuing the pair at 0.2977. Conversely, the yearly low was recorded on February 4, dropping to 0.2814.

This high-to-low spread represents a total annual volatility of 0.0163 TOP. From a start-to-finish perspective, comparing the January average rate of 0.2874 to the December average rate of 0.2911, the exchange rate registered a net change of 1.31% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2018 high of 0.2977 was down 1.26% compared to the 2017 peak of 0.3015, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 25,000 HKD based on timing:

Yearly Peak High 7,444 TOP

2017 Average 7,268 TOP

Yearly Trough Low 7,036 TOP

Transaction Impact: A difference of 407.57 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

0.2961

0.2819

JanuMarcMayJulySeptNove

HKD 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 0.2862, compared to 0.2937 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0075 points.

H1 Avg (Jan–Jun) 0.2862

H2 Avg (Jul–Dec) 0.2937

Volatility Range Comparison

Volatility

The most volatile month in 2018 was May, with a trading range of 0.0105 TOP (High: 0.2929 / Low: 0.2824). On the other end, August was the most stable month, with a tight range of 0.0001 TOP (High: 0.2944 / Low: 0.2943).

May Spread (Volatile) ±0.0105

August Spread (Stable) ±0.0001

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 January and February, when the average rate fell by 0.0043 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0043

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2018: 0.2950) against the same month in 2017 (average: 0.2864), the exchange rate shifted by +0.0086 (+2.99%).

2018 Avg (July) 0.2950

2017 Avg (July) 0.2864

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2906	0.2830	0.2874
February	0.2854	0.2814	0.2831
March	0.2853	0.2817	0.2836
April	0.2872	0.2816	0.2834
May	0.2929	0.2824	0.2886
June	0.2938	0.2894	0.2912
July	0.2977	0.2937	0.2950
August	0.2944	0.2943	0.2943
September	0.2959	0.2943	0.2948
October	0.2951	0.2934	0.2941
November	0.2940	0.2925	0.2930
December	0.2933	0.2882	0.2911