2020 SGD to TOP Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2020.
2020 SGD to TOP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2020
During 2020, the SGD to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on December 17, valuing the pair at 1.7234. Conversely, the yearly low was recorded on May 27, dropping to 1.6128.
This high-to-low spread represents a total annual volatility of 0.1106 TOP. From a start-to-finish perspective, comparing the January average rate of 1.7002 to the December average rate of 1.7145, the exchange rate registered a net change of 0.84% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2020 high of 1.7234 was up 0.95% compared to the 2019 peak of 1.7072, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 SGD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2020.
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)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 1.6538, compared to 1.6842 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0304 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2020 was February, with a trading range of 0.0449 TOP (High: 1.6978 / Low: 1.6528). On the other end, November was the most stable month, with a tight range of 0.0128 TOP (High: 1.7137 / Low: 1.7009).
Growth Streaks & Declines
TrendsBetween May and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0327 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2020: 1.7145) against the same month in 2019 (average: 1.6954), the exchange rate shifted by +0.0191 (+1.13%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1.7055 | 1.6925 | 1.7002 |
| February | 1.6978 | 1.6528 | 1.6674 |
| March | 1.6833 | 1.6404 | 1.6581 |
| April | 1.6597 | 1.6234 | 1.6408 |
| May | 1.6428 | 1.6128 | 1.6272 |
| June | 1.6466 | 1.6157 | 1.6292 |
| July | 1.6568 | 1.6333 | 1.6430 |
| August | 1.6764 | 1.6537 | 1.6656 |
| September | 1.6923 | 1.6566 | 1.6718 |
| October | 1.7132 | 1.6895 | 1.7017 |
| November | 1.7137 | 1.7009 | 1.7085 |
| December | 1.7234 | 1.7069 | 1.7145 |