2019 HKD to TOP Historical Review

YEARLY HIGH

0.2975 TOP

YEARLY LOW

0.2811 TOP

YEARLY AVERAGE

0.2923 TOP

2019 HKD to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the HKD to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on October 2, valuing the pair at 0.2975. Conversely, the yearly low was recorded on April 1, dropping to 0.2811.

This high-to-low spread represents a total annual volatility of 0.0164 TOP. From a start-to-finish perspective, comparing the January average rate of 0.2892 to the December average rate of 0.2947, the exchange rate registered a net change of 1.90% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2019 high of 0.2975 was down 0.09% compared to the 2018 peak of 0.2977, 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 7,437 TOP

2018 Average 7,250 TOP

Yearly Trough Low 7,028 TOP

Transaction Impact: A difference of 408.75 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

0.2973

0.2868

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 0.2898, compared to 0.2949 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0052 points.

H1 Avg (Jan–Jun) 0.2898

H2 Avg (Jul–Dec) 0.2949

Volatility Range Comparison

Volatility

The most volatile month in 2019 was April, with a trading range of 0.0115 TOP (High: 0.2927 / Low: 0.2811). On the other end, March was the most stable month, with a tight range of 0.0019 TOP (High: 0.2892 / Low: 0.2873).

April Spread (Volatile) ±0.0115

March Spread (Stable) ±0.0019

Growth Streaks & Declines

Trends

Between February and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0015 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0015

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2019: 0.2964) against the same month in 2018 (average: 0.2941), the exchange rate shifted by +0.0023 (+0.79%).

2019 Avg (October) 0.2964

2018 Avg (October) 0.2941

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2925	0.2866	0.2892
February	0.2894	0.2862	0.2877
March	0.2892	0.2873	0.2882
April	0.2927	0.2811	0.2892
May	0.2931	0.2901	0.2919
June	0.2938	0.2906	0.2923
July	0.2929	0.2903	0.2916
August	0.2968	0.2936	0.2949
September	0.2970	0.2927	0.2959
October	0.2975	0.2949	0.2964
November	0.2966	0.2927	0.2960
December	0.2965	0.2924	0.2947