2022 TOP to ARS Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2022.
2022 TOP to ARS Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2022
During 2022, the TOP to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 75.6582. Conversely, the yearly low was recorded on January 9, dropping to 44.9892.
This high-to-low spread represents a total annual volatility of 30.6690 ARS. From a start-to-finish perspective, comparing the January average rate of 45.6557 to the December average rate of 73.4247, the exchange rate registered a net change of 60.82% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2022 high of 75.6582 was up 67.59% compared to the 2021 peak of 45.1451, 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 2022.
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 49.0481, compared to 62.7050 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 13.6569 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2022 was November, with a trading range of 5.7935 ARS (High: 70.8031 / Low: 65.0096). On the other end, April was the most stable month, with a tight range of 1.0320 ARS (High: 50.4317 / Low: 49.3997).
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 2022: 73.4247) against the same month in 2021 (average: 44.5765), the exchange rate shifted by +28.8483 (+64.72%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 46.2444 | 44.9892 | 45.6557 |
| February | 47.5546 | 46.2267 | 46.9213 |
| March | 49.3722 | 47.0848 | 48.3232 |
| April | 50.4317 | 49.3997 | 49.9279 |
| May | 52.2808 | 49.8827 | 50.7186 |
| June | 53.3990 | 52.1449 | 52.7420 |
| July | 56.2352 | 53.5039 | 54.5797 |
| August | 58.9223 | 56.4548 | 57.8713 |
| September | 60.9445 | 58.7932 | 59.9652 |
| October | 64.8545 | 60.6892 | 62.4507 |
| November | 70.8031 | 65.0096 | 67.9384 |
| December | 75.6582 | 71.3545 | 73.4247 |