2016 SGD to TOP Historical Review

YEARLY HIGH

1.7041 TOP

YEARLY LOW

1.5497 TOP

YEARLY AVERAGE

1.6314 TOP

2016 SGD to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the SGD to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on July 30, valuing the pair at 1.7041. Conversely, the yearly low was recorded on January 9, dropping to 1.5497.

This high-to-low spread represents a total annual volatility of 0.1544 TOP. From a start-to-finish perspective, comparing the January average rate of 1.5757 to the December average rate of 1.5856, the exchange rate registered a net change of 0.63% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 1.7041 was up 5.03% compared to the 2015 peak of 1.6225, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 8,520 TOP

2015 Average 7,709 TOP

Yearly Trough Low 7,748 TOP

Transaction Impact: A difference of 771.92 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

1.6885

1.5654

JanuMarcMayJulySeptNove

SGD 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 1.6316, compared to 1.6311 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0005 points.

H1 Avg (Jan–Jun) 1.6316

H2 Avg (Jul–Dec) 1.6311

Volatility Range Comparison

Volatility

The most volatile month in 2016 was November, with a trading range of 0.0751 TOP (High: 1.6341 / Low: 1.5590). On the other end, September was the most stable month, with a tight range of 0.0193 TOP (High: 1.6657 / Low: 1.6465).

November Spread (Volatile) ±0.0751

September Spread (Stable) ±0.0193

Growth Streaks & Declines

Trends

Between January and April, 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 September and October, when the average rate fell by 0.0475 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0475

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2016: 1.6783) against the same month in 2015 (average: 1.5886), the exchange rate shifted by +0.0896 (+5.64%).

2016 Avg (July) 1.6783

2015 Avg (July) 1.5886

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.6114	1.5497	1.5757
February	1.6615	1.5963	1.6202
March	1.6606	1.6202	1.6424
April	1.6657	1.6301	1.6503
May	1.6599	1.6326	1.6434
June	1.6790	1.6364	1.6577
July	1.7041	1.6648	1.6783
August	1.6910	1.6506	1.6755
September	1.6657	1.6465	1.6543
October	1.6508	1.5831	1.6068
November	1.6341	1.5590	1.5864
December	1.6077	1.5604	1.5856