2019 SGD to TOP Historical Review

YEARLY HIGH

1.7072 TOP

YEARLY LOW

1.6283 TOP

YEARLY AVERAGE

1.6792 TOP

2019 SGD to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the SGD to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on October 18, valuing the pair at 1.7072. Conversely, the yearly low was recorded on April 1, dropping to 1.6283.

This high-to-low spread represents a total annual volatility of 0.0789 TOP. From a start-to-finish perspective, comparing the January average rate of 1.6719 to the December average rate of 1.6954, the exchange rate registered a net change of 1.40% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2019 high of 1.7072 was down 0.52% compared to the 2018 peak of 1.7160, 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 8,536 TOP

2018 Average 8,423 TOP

Yearly Trough Low 8,141 TOP

Transaction Impact: A difference of 394.34 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

1.7049

1.6643

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 1.6724, compared to 1.6861 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0137 points.

H1 Avg (Jan–Jun) 1.6724

H2 Avg (Jul–Dec) 1.6861

Volatility Range Comparison

Volatility

The most volatile month in 2019 was April, with a trading range of 0.0657 TOP (High: 1.6940 / Low: 1.6283). On the other end, August was the most stable month, with a tight range of 0.0144 TOP (High: 1.6773 / Low: 1.6630).

April Spread (Volatile) ±0.0657

August Spread (Stable) ±0.0144

Growth Streaks & Declines

Trends

Between August and November, 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 June and July, when the average rate fell by 0.0062 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0062

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2019: 1.6964) against the same month in 2018 (average: 1.6706), the exchange rate shifted by +0.0257 (+1.54%).

2019 Avg (October) 1.6964

2018 Avg (October) 1.6706

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.6887	1.6612	1.6719
February	1.6747	1.6575	1.6677
March	1.6792	1.6636	1.6707
April	1.6940	1.6283	1.6732
May	1.6781	1.6617	1.6714
June	1.6927	1.6690	1.6795
July	1.6845	1.6612	1.6733
August	1.6773	1.6630	1.6697
September	1.6909	1.6623	1.6802
October	1.7072	1.6820	1.6964
November	1.7070	1.6839	1.7015
December	1.7017	1.6842	1.6954