2019 NZD to TOP Historical Review

YEARLY HIGH

1.5632 TOP

YEARLY LOW

1.4358 TOP

YEARLY AVERAGE

1.5097 TOP

2019 NZD to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the NZD to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on March 20, valuing the pair at 1.5632. Conversely, the yearly low was recorded on September 21, dropping to 1.4358.

This high-to-low spread represents a total annual volatility of 0.1274 TOP. From a start-to-finish perspective, comparing the January average rate of 1.5375 to the December average rate of 1.5180, the exchange rate registered a net change of -1.27% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2019 high of 1.5632 was down 5.35% compared to the 2018 peak of 1.6517, 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 7,816 TOP

2018 Average 7,862 TOP

Yearly Trough Low 7,179 TOP

Transaction Impact: A difference of 637.07 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

1.5538

1.4619

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 1.5273, compared to 1.4920 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0352 points.

H1 Avg (Jan–Jun) 1.5273

H2 Avg (Jul–Dec) 1.4920

Volatility Range Comparison

Volatility

The most volatile month in 2019 was September, with a trading range of 0.0556 TOP (High: 1.4914 / Low: 1.4358). On the other end, May was the most stable month, with a tight range of 0.0239 TOP (High: 1.5170 / Low: 1.4931).

September Spread (Volatile) ±0.0556

May Spread (Stable) ±0.0239

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 July and August, when the average rate fell by 0.0332 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0332

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2019: 1.5462) against the same month in 2018 (average: 1.6125), the exchange rate shifted by -0.0663 (-4.11%).

2019 Avg (March) 1.5462

2018 Avg (March) 1.6125

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.5569	1.5066	1.5375
February	1.5551	1.5173	1.5429
March	1.5632	1.5315	1.5462
April	1.5399	1.4984	1.5231
May	1.5170	1.4931	1.5036
June	1.5304	1.4880	1.5105
July	1.5405	1.5019	1.5211
August	1.5106	1.4683	1.4879
September	1.4914	1.4358	1.4695
October	1.4870	1.4547	1.4738
November	1.4920	1.4654	1.4819
December	1.5388	1.4929	1.5180