2020 TOP to ARS Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2020.
2020 TOP to ARS Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2020
During 2020, the TOP to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 36.9707. Conversely, the yearly low was recorded on January 12, dropping to 25.9437.
This high-to-low spread represents a total annual volatility of 11.0271 ARS. From a start-to-finish perspective, comparing the January average rate of 26.0908 to the December average rate of 36.1527, the exchange rate registered a net change of 38.57% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2020 high of 36.9707 was up 40.73% compared to the 2019 peak of 26.2713, 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 2020.
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 27.8908, compared to 33.4430 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 5.5522 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2020 was November, with a trading range of 1.8567 ARS (High: 35.5507 / Low: 33.6940). On the other end, January was the most stable month, with a tight range of 0.2797 ARS (High: 26.2234 / Low: 25.9437).
Growth Streaks & Declines
TrendsBetween 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.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2020: 36.1527) against the same month in 2019 (average: 26.0031), the exchange rate shifted by +10.1496 (+39.03%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 26.2234 | 25.9437 | 26.0908 |
| February | 26.7926 | 26.0167 | 26.4513 |
| March | 27.4557 | 26.4242 | 26.8699 |
| April | 28.9690 | 27.4354 | 28.0634 |
| May | 29.8671 | 28.5929 | 29.2618 |
| June | 30.8020 | 29.9539 | 30.6077 |
| July | 31.8341 | 30.8011 | 31.2928 |
| August | 32.7025 | 31.7938 | 32.1049 |
| September | 33.2452 | 32.7088 | 32.8933 |
| October | 33.8494 | 33.0027 | 33.5047 |
| November | 35.5507 | 33.6940 | 34.7096 |
| December | 36.9707 | 35.5901 | 36.1527 |