2018 SGD to TOP Historical Review

YEARLY HIGH

1.7160 TOP

YEARLY LOW

1.6355 TOP

YEARLY AVERAGE

1.6846 TOP

2018 SGD to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the SGD to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on January 26, valuing the pair at 1.7160. Conversely, the yearly low was recorded on December 15, dropping to 1.6355.

This high-to-low spread represents a total annual volatility of 0.0806 TOP. From a start-to-finish perspective, comparing the January average rate of 1.7001 to the December average rate of 1.6610, the exchange rate registered a net change of -2.30% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2018 high of 1.7160 was up 0.34% compared to the 2017 peak of 1.7102, 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 8,580 TOP

2017 Average 8,207 TOP

Yearly Trough Low 8,177 TOP

Transaction Impact: A difference of 402.80 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

1.7041

1.6570

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 1.6907, compared to 1.6786 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0121 points.

H1 Avg (Jan–Jun) 1.6907

H2 Avg (Jul–Dec) 1.6786

Volatility Range Comparison

Volatility

The most volatile month in 2018 was May, with a trading range of 0.0700 TOP (High: 1.7143 / Low: 1.6442). On the other end, November was the most stable month, with a tight range of 0.0188 TOP (High: 1.6750 / Low: 1.6562).

May Spread (Volatile) ±0.0700

November Spread (Stable) ±0.0188

Growth Streaks & Declines

Trends

Between April and July, 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 January and February, when the average rate fell by 0.0226 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0226

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2018: 1.7001) against the same month in 2017 (average: 1.6100), the exchange rate shifted by +0.0902 (+5.60%).

2018 Avg (January) 1.7001

2017 Avg (January) 1.6100

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.7160	1.6871	1.7001
February	1.7010	1.6644	1.6775
March	1.7025	1.6771	1.6905
April	1.7050	1.6698	1.6898
May	1.7143	1.6442	1.6912
June	1.7106	1.6818	1.6948
July	1.7112	1.6850	1.6987
August	1.6962	1.6741	1.6878
September	1.6941	1.6753	1.6849
October	1.6842	1.6621	1.6706
November	1.6750	1.6562	1.6684
December	1.6761	1.6355	1.6610