2021 TOP to BTN Historical Review

YEARLY HIGH

33.5385 BTN

YEARLY LOW

31.4949 BTN

YEARLY AVERAGE

32.6021 BTN

2021 TOP to BTN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the TOP to BTN exchange rate experienced significant fluctuation. The market reached its absolute peak on October 31, valuing the pair at 33.5385. Conversely, the yearly low was recorded on February 19, dropping to 31.4949.

This high-to-low spread represents a total annual volatility of 2.0437 BTN. From a start-to-finish perspective, comparing the January average rate of 32.0514 to the December average rate of 32.9602, the exchange rate registered a net change of 2.84% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 33.5385 was down 0.43% compared to the 2020 peak of 33.6829, 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 167,693 BTN

2020 Average 160,926 BTN

Yearly Trough Low 157,474 BTN

Transaction Impact: A difference of 10,218.31 BTN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

33.3868

31.5069

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 32.2791, compared to 32.9250 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.6460 points.

H1 Avg (Jan–Jun) 32.2791

H2 Avg (Jul–Dec) 32.9250

Volatility Range Comparison

Volatility

The most volatile month in 2021 was April, with a trading range of 1.1877 BTN (High: 33.1431 / Low: 31.9554). On the other end, July was the most stable month, with a tight range of 0.3252 BTN (High: 33.1521 / Low: 32.8269).

April Spread (Volatile) ±1.1877

July Spread (Stable) ±0.3252

Growth Streaks & Declines

Trends

Between February and April, 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 January and February, when the average rate fell by 0.3878 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.3878

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2021: 33.2301) against the same month in 2020 (average: 31.7803), the exchange rate shifted by +1.4498 (+4.56%).

2021 Avg (October) 33.2301

2020 Avg (October) 31.7803

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	32.4240	31.6881	32.0514
February	32.1882	31.4949	31.6636
March	32.1463	31.5267	31.8785
April	33.1431	31.9554	32.6514
May	32.9320	32.2768	32.5146
June	33.1356	32.6237	32.9149
July	33.1521	32.8269	32.9807
August	33.0227	32.2621	32.7616
September	32.7746	32.4075	32.6479
October	33.5385	32.6480	33.2301
November	33.4833	32.6740	32.9698
December	33.3148	32.6950	32.9602