2019 TOP to BTN Historical Review

YEARLY HIGH

31.9224 BTN

YEARLY LOW

29.9295 BTN

YEARLY AVERAGE

30.7215 BTN

2019 TOP to BTN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the TOP to BTN exchange rate experienced significant fluctuation. The market reached its absolute peak on February 4, valuing the pair at 31.9224. Conversely, the yearly low was recorded on July 11, dropping to 29.9295.

This high-to-low spread represents a total annual volatility of 1.9929 BTN. From a start-to-finish perspective, comparing the January average rate of 31.1465 to the December average rate of 30.9471, the exchange rate registered a net change of -0.64% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2019 high of 31.9224 was down 0.99% compared to the 2018 peak of 32.2417, 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 159,612 BTN

2018 Average 150,376 BTN

Yearly Trough Low 149,647 BTN

Transaction Impact: A difference of 9,964.54 BTN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

31.6318

30.0296

JanuMarcMayJulySeptNove

TOP to BTN 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 30.7997, compared to 30.6432 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1565 points.

H1 Avg (Jan–Jun) 30.7997

H2 Avg (Jul–Dec) 30.6432

Volatility Range Comparison

Volatility

The most volatile month in 2019 was January, with a trading range of 1.1543 BTN (High: 31.7340 / Low: 30.5797). On the other end, October was the most stable month, with a tight range of 0.4029 BTN (High: 30.7660 / Low: 30.3631).

January Spread (Volatile) ±1.1543

October Spread (Stable) ±0.4029

Growth Streaks & Declines

Trends

Between July and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.7842 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.7842

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2019: 31.4983) against the same month in 2018 (average: 29.0743), the exchange rate shifted by +2.4240 (+8.34%).

2019 Avg (February) 31.4983

2018 Avg (February) 29.0743

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	31.7340	30.5797	31.1465
February	31.9224	31.0622	31.4983
March	31.3104	30.3274	30.7141
April	31.4127	30.2867	30.6275
May	30.8295	30.1916	30.4531
June	30.5476	30.1164	30.3588
July	30.4909	29.9295	30.1631
August	30.9770	30.0617	30.6495
September	31.1154	30.3205	30.7221
October	30.7660	30.3631	30.5485
November	31.2881	30.5430	30.8288
December	31.2341	30.7199	30.9471