2019 TOP to ARS Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2019.
2019 TOP to ARS Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2019
During 2019, the TOP to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 27, valuing the pair at 26.2713. Conversely, the yearly low was recorded on January 12, dropping to 16.3424.
This high-to-low spread represents a total annual volatility of 9.9289 ARS. From a start-to-finish perspective, comparing the January average rate of 16.4783 to the December average rate of 26.0031, the exchange rate registered a net change of 57.80% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2019 high of 26.2713 was up 47.03% compared to the 2018 peak of 17.8677, 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 2019.
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 18.2278, compared to 23.7416 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 5.5138 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2019 was August, with a trading range of 6.7849 ARS (High: 26.0613 / Low: 19.2764). On the other end, November was the most stable month, with a tight range of 0.3364 ARS (High: 25.9676 / Low: 25.6312).
Growth Streaks & Declines
TrendsBetween July and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.4814 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2019: 26.0031) against the same month in 2018 (average: 16.6014), the exchange rate shifted by +9.4017 (+56.63%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 16.6894 | 16.3424 | 16.4783 |
| February | 17.5848 | 16.5370 | 16.9837 |
| March | 19.4489 | 17.6031 | 18.2468 |
| April | 20.0785 | 18.1272 | 18.9868 |
| May | 19.8170 | 19.3680 | 19.5727 |
| June | 19.6854 | 18.5397 | 19.0983 |
| July | 19.1787 | 18.2121 | 18.6169 |
| August | 26.0613 | 19.2764 | 22.5209 |
| September | 25.5672 | 23.8260 | 24.4110 |
| October | 25.8280 | 24.6420 | 25.1471 |
| November | 25.9676 | 25.6312 | 25.7507 |
| December | 26.2713 | 25.7013 | 26.0031 |