2021 TOP to BAM Historical Review

YEARLY HIGH

0.7689 BAM

YEARLY LOW

0.6993 BAM

YEARLY AVERAGE

0.7300 BAM

2021 TOP to BAM Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the TOP to BAM exchange rate experienced significant fluctuation. The market reached its absolute peak on November 23, valuing the pair at 0.7689. Conversely, the yearly low was recorded on January 6, dropping to 0.6993.

This high-to-low spread represents a total annual volatility of 0.0696 BAM. From a start-to-finish perspective, comparing the January average rate of 0.7044 to the December average rate of 0.7574, the exchange rate registered a net change of 7.52% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.7689 was down 1.90% compared to the 2020 peak of 0.7838, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 TOP based on timing:

Yearly Peak High 3,844 BAM

2020 Average 3,728 BAM

Yearly Trough Low 3,496 BAM

Transaction Impact: A difference of 347.95 BAM purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.7650

0.6989

JanuMarcMayJulySeptNove

TOP to BAM Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 0.7152, compared to 0.7447 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0295 points.

H1 Avg (Jan–Jun) 0.7152

H2 Avg (Jul–Dec) 0.7447

Volatility Range Comparison

Volatility

The most volatile month in 2021 was March, with a trading range of 0.0226 BAM (High: 0.7282 / Low: 0.7056). On the other end, December was the most stable month, with a tight range of 0.0062 BAM (High: 0.7601 / Low: 0.7539).

March Spread (Volatile) ±0.0226

December Spread (Stable) ±0.0062

Growth Streaks & Declines

Trends

Between May and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0042 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0042

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2021: 0.7594) against the same month in 2020 (average: 0.7183), the exchange rate shifted by +0.0412 (+5.73%).

2021 Avg (November) 0.7594

2020 Avg (November) 0.7183

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.7104	0.6993	0.7044
February	0.7108	0.6998	0.7049
March	0.7282	0.7056	0.7209
April	0.7274	0.7127	0.7196
May	0.7197	0.7097	0.7153
June	0.7328	0.7199	0.7263
July	0.7355	0.7276	0.7322
August	0.7390	0.7270	0.7340
September	0.7426	0.7331	0.7372
October	0.7538	0.7424	0.7480
November	0.7689	0.7517	0.7594
December	0.7601	0.7539	0.7574