2020 TOP to BIF Historical Review

YEARLY HIGH

854.0493 BIF

YEARLY LOW

785.0068 BIF

YEARLY AVERAGE

831.8421 BIF

2020 TOP to BIF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the TOP to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on September 3, valuing the pair at 854.0493. Conversely, the yearly low was recorded on March 23, dropping to 785.0068.

This high-to-low spread represents a total annual volatility of 69.0425 BIF. From a start-to-finish perspective, comparing the January average rate of 820.6272 to the December average rate of 850.5304, the exchange rate registered a net change of 3.64% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 854.0493 was up 2.89% compared to the 2019 peak of 830.0427, 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 4,270,246 BIF

2019 Average 4,020,338 BIF

Yearly Trough Low 3,925,034 BIF

Transaction Impact: A difference of 345,212.45 BIF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

855.0369

800.9590

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 819.5931, compared to 844.0911 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 24.4980 points.

H1 Avg (Jan–Jun) 819.5931

H2 Avg (Jul–Dec) 844.0911

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 34.3489 BIF (High: 819.3557 / Low: 785.0068). On the other end, February was the most stable month, with a tight range of 5.4827 BIF (High: 817.5851 / Low: 812.1024).

March Spread (Volatile) ±34.3489

February Spread (Stable) ±5.4827

Growth Streaks & Declines

Trends

Between March and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 9.6181 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -9.6181

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2020: 845.5244) against the same month in 2019 (average: 799.1546), the exchange rate shifted by +46.3698 (+5.80%).

2020 Avg (September) 845.5244

2019 Avg (September) 799.1546

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	824.9453	815.5607	820.6272
February	817.5851	812.1024	815.0836
March	819.3557	785.0068	805.4655
April	822.7593	800.4469	811.7869
May	832.7151	817.9009	824.6442
June	847.9196	829.9043	839.9514
July	849.6500	835.4884	843.9760
August	851.3161	840.4487	845.6318
September	854.0493	834.3211	845.5244
October	839.8567	833.0018	836.1733
November	849.1335	831.6734	842.7108
December	853.9454	847.6654	850.5304