2022 TOP to BTN Historical Review

YEARLY HIGH

35.4589 BTN

YEARLY LOW

32.3447 BTN

YEARLY AVERAGE

33.7033 BTN

2022 TOP to BTN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2022

During 2022, the TOP to BTN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 15, valuing the pair at 35.4589. Conversely, the yearly low was recorded on January 11, dropping to 32.3447.

This high-to-low spread represents a total annual volatility of 3.1142 BTN. From a start-to-finish perspective, comparing the January average rate of 32.7018 to the December average rate of 35.1428, the exchange rate registered a net change of 7.46% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2022 high of 35.4589 was up 5.73% compared to the 2021 peak of 33.5385, 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 177,295 BTN

2021 Average 163,038 BTN

Yearly Trough Low 161,724 BTN

Transaction Impact: A difference of 15,571.04 BTN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2022.

35.3869

32.4577

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 33.3033, compared to 34.1033 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.8000 points.

H1 Avg (Jan–Jun) 33.3033

H2 Avg (Jul–Dec) 34.1033

Volatility Range Comparison

Volatility

The most volatile month in 2022 was November, with a trading range of 1.1837 BTN (High: 34.6383 / Low: 33.4547). On the other end, July was the most stable month, with a tight range of 0.6300 BTN (High: 34.1496 / Low: 33.5196).

November Spread (Volatile) ±1.1837

July Spread (Stable) ±0.6300

Growth Streaks & Declines

Trends

Between May and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.4311 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.4311

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2022: 35.1428) against the same month in 2021 (average: 32.9602), the exchange rate shifted by +2.1827 (+6.62%).

2022 Avg (December) 35.1428

2021 Avg (December) 32.9602

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	33.0219	32.3447	32.7018
February	33.4402	32.6445	33.0500
March	33.9557	33.1791	33.6645
April	33.9172	33.0391	33.5829
May	33.7519	32.9054	33.2600
June	33.8238	33.1565	33.5607
July	34.1496	33.5196	33.8203
August	34.3374	33.6870	34.0330
September	33.9471	33.1893	33.6019
October	34.3341	33.4610	33.7995
November	34.6383	33.4547	34.2222
December	35.4589	34.5719	35.1428