2020 TOP to BRL Historical Review

YEARLY HIGH

2.5484 BRL

YEARLY LOW

1.7590 BRL

YEARLY AVERAGE

2.2395 BRL

2020 TOP to BRL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the TOP to BRL exchange rate experienced significant fluctuation. The market reached its absolute peak on May 13, valuing the pair at 2.5484. Conversely, the yearly low was recorded on January 1, dropping to 1.7590.

This high-to-low spread represents a total annual volatility of 0.7895 BRL. From a start-to-finish perspective, comparing the January average rate of 1.8033 to the December average rate of 2.2532, the exchange rate registered a net change of 24.94% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 2.5484 was up 38.60% compared to the 2019 peak of 1.8386, 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 12,742 BRL

2019 Average 8,610 BRL

Yearly Trough Low 8,795 BRL

Transaction Impact: A difference of 3,947.29 BRL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

2.4960

1.7404

JanuMarcMayJulySeptNove

TOP to BRL 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 2.1258, compared to 2.3531 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2273 points.

H1 Avg (Jan–Jun) 2.1258

H2 Avg (Jul–Dec) 2.3531

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.3005 BRL (High: 2.2220 / Low: 1.9215). On the other end, January was the most stable month, with a tight range of 0.0897 BRL (High: 1.8487 / Low: 1.7590).

March Spread (Volatile) ±0.3005

January Spread (Stable) ±0.0897

Growth Streaks & Declines

Trends

Between January and May, 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 May and June, when the average rate fell by 0.1438 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.1438

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2020: 2.4309) against the same month in 2019 (average: 1.7453), the exchange rate shifted by +0.6856 (+39.29%).

2020 Avg (May) 2.4309

2019 Avg (May) 1.7453

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.8487	1.7590	1.8033
February	1.9335	1.8283	1.8766
March	2.2220	1.9215	2.0802
April	2.4320	2.1773	2.2767
May	2.5484	2.3040	2.4309
June	2.3997	2.1339	2.2872
July	2.3678	2.2528	2.3207
August	2.4562	2.2971	2.3883
September	2.4468	2.3000	2.3633
October	2.4873	2.3889	2.4331
November	2.4740	2.3114	2.3604
December	2.3019	2.1931	2.2532