2018 NZD to TOP Historical Review

YEARLY HIGH

1.6517 TOP

YEARLY LOW

1.4843 TOP

YEARLY AVERAGE

1.5727 TOP

2018 NZD to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the NZD to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on January 23, valuing the pair at 1.6517. Conversely, the yearly low was recorded on October 7, dropping to 1.4843.

This high-to-low spread represents a total annual volatility of 0.1674 TOP. From a start-to-finish perspective, comparing the January average rate of 1.6299 to the December average rate of 1.5497, the exchange rate registered a net change of -4.92% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2018 high of 1.6517 was down 1.48% compared to the 2017 peak of 1.6765, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 8,258 TOP

2017 Average 8,051 TOP

Yearly Trough Low 7,421 TOP

Transaction Impact: A difference of 836.81 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

1.6425

1.4912

JanuMarcMayJulySeptNove

NZD 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 1.6048, compared to 1.5406 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0642 points.

H1 Avg (Jan–Jun) 1.6048

H2 Avg (Jul–Dec) 1.5406

Volatility Range Comparison

Volatility

The most volatile month in 2018 was April, with a trading range of 0.0798 TOP (High: 1.6447 / Low: 1.5650). On the other end, March was the most stable month, with a tight range of 0.0276 TOP (High: 1.6284 / Low: 1.6008).

April Spread (Volatile) ±0.0798

March Spread (Stable) ±0.0276

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2018. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0352 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0352

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2018: 1.6299) against the same month in 2017 (average: 1.6391), the exchange rate shifted by -0.0092 (-0.56%).

2018 Avg (January) 1.6299

2017 Avg (January) 1.6391

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.6517	1.6033	1.6299
February	1.6463	1.5980	1.6173
March	1.6284	1.6008	1.6125
April	1.6447	1.5650	1.6097
May	1.6038	1.5365	1.5745
June	1.6034	1.5546	1.5852
July	1.5878	1.5479	1.5719
August	1.5697	1.5151	1.5397
September	1.5446	1.5053	1.5244
October	1.5256	1.4843	1.5038
November	1.5760	1.5285	1.5543
December	1.5873	1.5158	1.5497