2024 TOP to ARS Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 TOP to ARS Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the TOP to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 430.5585. Conversely, the yearly low was recorded on January 7, dropping to 344.8314.
This high-to-low spread represents a total annual volatility of 85.7271 ARS. From a start-to-finish perspective, comparing the January average rate of 347.1401 to the December average rate of 425.9144, the exchange rate registered a net change of 22.69% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 430.5585 was up 23.76% compared to the 2023 peak of 347.8966, 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 2024.
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 363.2375, compared to 409.2374 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 45.9999 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was August, with a trading range of 18.9989 ARS (High: 406.9820 / Low: 387.9832). On the other end, October was the most stable month, with a tight range of 4.1782 ARS (High: 416.7671 / Low: 412.5889).
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 2024: 425.9144) against the same month in 2023 (average: 269.2597), the exchange rate shifted by +156.6547 (+58.18%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 349.6869 | 344.8314 | 347.1401 |
| February | 356.3165 | 349.2464 | 352.2820 |
| March | 363.6132 | 354.8089 | 359.1200 |
| April | 368.3484 | 359.6528 | 363.9688 |
| May | 378.9159 | 365.4587 | 373.9034 |
| June | 385.8720 | 378.6736 | 383.0105 |
| July | 391.9657 | 386.7092 | 389.6345 |
| August | 406.9820 | 387.9832 | 397.8908 |
| September | 415.1079 | 406.0538 | 409.5371 |
| October | 416.7671 | 412.5889 | 414.5077 |
| November | 421.9287 | 413.8680 | 417.9399 |
| December | 430.5585 | 422.3259 | 425.9144 |