2019 PEN to TOP Historical Review

YEARLY HIGH

0.6992 TOP

YEARLY LOW

0.6671 TOP

YEARLY AVERAGE

0.6866 TOP

2019 PEN to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the PEN to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on August 25, valuing the pair at 0.6992. Conversely, the yearly low was recorded on April 1, dropping to 0.6671.

This high-to-low spread represents a total annual volatility of 0.0321 TOP. From a start-to-finish perspective, comparing the January average rate of 0.6783 to the December average rate of 0.6861, the exchange rate registered a net change of 1.16% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2019 high of 0.6992 was down 1.70% compared to the 2018 peak of 0.7114, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 3,496 TOP

2018 Average 3,458 TOP

Yearly Trough Low 3,336 TOP

Transaction Impact: A difference of 160.50 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

0.6937

0.6769

JanuMarcMayJulySeptNove

PEN 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 0.6842, compared to 0.6890 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0049 points.

H1 Avg (Jan–Jun) 0.6842

H2 Avg (Jul–Dec) 0.6890

Volatility Range Comparison

Volatility

The most volatile month in 2019 was April, with a trading range of 0.0296 TOP (High: 0.6968 / Low: 0.6671). On the other end, July was the most stable month, with a tight range of 0.0066 TOP (High: 0.6961 / Low: 0.6895).

April Spread (Volatile) ±0.0296

July Spread (Stable) ±0.0066

Growth Streaks & Declines

Trends

Between January and May, 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 July and August, when the average rate fell by 0.0074 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0074

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2019: 0.6848) against the same month in 2018 (average: 0.7023), the exchange rate shifted by -0.0175 (-2.49%).

2019 Avg (August) 0.6848

2018 Avg (August) 0.7023

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6910	0.6718	0.6783
February	0.6833	0.6745	0.6796
March	0.6872	0.6802	0.6845
April	0.6968	0.6671	0.6869
May	0.6915	0.6815	0.6879
June	0.6937	0.6804	0.6877
July	0.6961	0.6895	0.6921
August	0.6992	0.6807	0.6848
September	0.6970	0.6791	0.6908
October	0.6976	0.6876	0.6923
November	0.6938	0.6780	0.6878
December	0.6933	0.6792	0.6861