2019 TOP to BIF Historical Review

YEARLY HIGH

830.0427 BIF

YEARLY LOW

781.4499 BIF

YEARLY AVERAGE

804.0743 BIF

2019 TOP to BIF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the TOP to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on April 1, valuing the pair at 830.0427. Conversely, the yearly low was recorded on August 25, dropping to 781.4499.

This high-to-low spread represents a total annual volatility of 48.5928 BIF. From a start-to-finish perspective, comparing the January average rate of 796.0715 to the December average rate of 816.3096, the exchange rate registered a net change of 2.54% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2019 high of 830.0427 was up 2.43% compared to the 2018 peak of 810.3728, 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 4,150,213 BIF

2018 Average 3,911,577 BIF

Yearly Trough Low 3,907,249 BIF

Transaction Impact: A difference of 242,964.01 BIF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

818.3334

794.0477

JanuMarcMayJulySeptNove

TOP to BIF 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 803.2334, compared to 804.9152 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.6819 points.

H1 Avg (Jan–Jun) 803.2334

H2 Avg (Jul–Dec) 804.9152

Volatility Range Comparison

Volatility

The most volatile month in 2019 was April, with a trading range of 31.8190 BIF (High: 830.0427 / Low: 798.2237). On the other end, May was the most stable month, with a tight range of 8.3217 BIF (High: 805.8513 / Low: 797.5296).

April Spread (Volatile) ±31.8190

May Spread (Stable) ±8.3217

Growth Streaks & Declines

Trends

Between August and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 11.5314 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -11.5314

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2019: 807.4747) against the same month in 2018 (average: 796.7781), the exchange rate shifted by +10.6966 (+1.34%).

2019 Avg (April) 807.4747

2018 Avg (April) 796.7781

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	807.5030	782.5701	796.0715
February	812.0762	791.7473	803.4612
March	811.4215	795.9058	804.5444
April	830.0427	798.2237	807.4747
May	805.8513	797.5296	801.9416
June	814.8079	796.6417	805.9067
July	814.6111	804.3821	809.0808
August	802.6049	781.4499	797.5494
September	810.6511	792.0493	799.1546
October	808.5626	789.2249	799.3454
November	817.6954	805.6054	808.0516
December	827.7437	806.3100	816.3096