YEARLY HIGH
45.1451 ARS
YEARLY LOW
37.0423 ARS
YEARLY AVERAGE
41.9535 ARS

2021 TOP to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the TOP to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 45.1451. Conversely, the yearly low was recorded on January 3, dropping to 37.0423.

This high-to-low spread represents a total annual volatility of 8.1028 ARS. From a start-to-finish perspective, comparing the January average rate of 37.6566 to the December average rate of 44.5765, the exchange rate registered a net change of 18.38% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 45.1451 was up 22.11% compared to the 2020 peak of 36.9707, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 225,725 ARS
2020 Average 153,401 ARS
Yearly Trough Low 185,211 ARS
Transaction Impact: A difference of 40,513.98 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

45.2684
36.9646
JanuMarcMayJulySeptNove

TOP to ARS 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 40.2142, compared to 43.6929 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 3.4787 points.

H1 Avg (Jan–Jun) 40.2142
H2 Avg (Jul–Dec) 43.6929

Volatility Range Comparison

Volatility

The most volatile month in 2021 was February, with a trading range of 1.4995 ARS (High: 39.5480 / Low: 38.0484). On the other end, July was the most stable month, with a tight range of 0.4056 ARS (High: 42.7493 / Low: 42.3438).

February Spread (Volatile) ±1.4995
July Spread (Stable) ±0.4056

Growth Streaks & Declines

Trends

Between January and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 11 straight months. No significant month-over-month rate declines were detected.

Longest Streak 11 Mo.
Sharpest MoM Drop -0.0000

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2021: 44.5765) against the same month in 2020 (average: 36.1527), the exchange rate shifted by +8.4238 (+23.30%).

2021 Avg (December) 44.5765
2020 Avg (December) 36.1527

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 38.0727 37.0423 37.6566
February 39.5480 38.0484 38.6418
March 40.3958 39.2585 39.9215
April 41.3613 39.8906 40.7060
May 42.3975 41.1872 41.7614
June 42.8036 42.2410 42.5979
July 42.7493 42.3438 42.6026
August 43.2580 42.5236 42.9205
September 43.7494 43.3407 43.6086
October 44.6481 43.4323 44.0158
November 44.6507 44.1694 44.4334
December 45.1451 44.1825 44.5765