2018 TOP to ARS Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2018.
2018 TOP to ARS Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2018
During 2018, the TOP to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on September 30, valuing the pair at 17.8677. Conversely, the yearly low was recorded on January 2, dropping to 8.0979.
This high-to-low spread represents a total annual volatility of 9.7698 ARS. From a start-to-finish perspective, comparing the January average rate of 8.4588 to the December average rate of 16.6014, the exchange rate registered a net change of 96.26% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2018 high of 17.8677 was up 111.18% compared to the 2017 peak of 8.4607, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 TOP based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2018.
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)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 9.6106, compared to 15.0091 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 5.3985 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2018 was August, with a trading range of 4.9672 ARS (High: 16.7645 / Low: 11.7973). On the other end, March was the most stable month, with a tight range of 0.1513 ARS (High: 9.1736 / Low: 9.0223).
Growth Streaks & Declines
TrendsBetween January and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.6333 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (September 2018: 16.6931) against the same month in 2017 (average: 7.7891), the exchange rate shifted by +8.9040 (+114.31%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 8.8699 | 8.0979 | 8.4588 |
| February | 9.1163 | 8.7654 | 8.9557 |
| March | 9.1736 | 9.0223 | 9.0925 |
| April | 9.2924 | 9.0038 | 9.1029 |
| May | 11.0072 | 9.1977 | 10.3933 |
| June | 12.5360 | 10.9179 | 11.6601 |
| July | 12.4590 | 11.7193 | 11.9301 |
| August | 16.7645 | 11.7973 | 12.9237 |
| September | 17.8677 | 15.9452 | 16.6931 |
| October | 17.0845 | 15.5749 | 16.0598 |
| November | 17.0435 | 15.4240 | 15.8465 |
| December | 17.0064 | 15.9510 | 16.6014 |