2020 HKD to TOP Historical Review

YEARLY HIGH

0.3093 TOP

YEARLY LOW

0.2903 TOP

YEARLY AVERAGE

0.2967 TOP

2020 HKD to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the HKD to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on March 23, valuing the pair at 0.3093. Conversely, the yearly low was recorded on June 9, dropping to 0.2903.

This high-to-low spread represents a total annual volatility of 0.0190 TOP. From a start-to-finish perspective, comparing the January average rate of 0.2955 to the December average rate of 0.2946, the exchange rate registered a net change of -0.29% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.3093 was up 3.97% compared to the 2019 peak of 0.2975, 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 7,733 TOP

2019 Average 7,309 TOP

Yearly Trough Low 7,257 TOP

Transaction Impact: A difference of 475.47 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.3034

0.2920

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 0.2980, compared to 0.2955 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0025 points.

H1 Avg (Jan–Jun) 0.2980

H2 Avg (Jul–Dec) 0.2955

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.0123 TOP (High: 0.3093 / Low: 0.2970). On the other end, February was the most stable month, with a tight range of 0.0013 TOP (High: 0.2987 / Low: 0.2974).

March Spread (Volatile) ±0.0123

February Spread (Stable) ±0.0013

Growth Streaks & Declines

Trends

Between June and October, 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 May and June, when the average rate fell by 0.0047 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0047

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2020: 0.3025) against the same month in 2019 (average: 0.2882), the exchange rate shifted by +0.0143 (+4.95%).

2020 Avg (March) 0.3025

2019 Avg (March) 0.2882

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2983	0.2930	0.2955
February	0.2987	0.2974	0.2979
March	0.3093	0.2970	0.3025
April	0.3045	0.2976	0.3013
May	0.3001	0.2952	0.2977
June	0.2961	0.2903	0.2930
July	0.2954	0.2927	0.2941
August	0.2954	0.2924	0.2943
September	0.2988	0.2920	0.2948
October	0.3000	0.2972	0.2985
November	0.3001	0.2951	0.2968
December	0.2956	0.2933	0.2946