2024 TOP to CAD Historical Review

YEARLY HIGH

0.6040 CAD

YEARLY LOW

0.5637 CAD

YEARLY AVERAGE

0.5785 CAD

2024 TOP to CAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the TOP to CAD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 18, valuing the pair at 0.6040. Conversely, the yearly low was recorded on February 19, dropping to 0.5637.

This high-to-low spread represents a total annual volatility of 0.0403 CAD. From a start-to-finish perspective, comparing the January average rate of 0.5697 to the December average rate of 0.5956, the exchange rate registered a net change of 4.56% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.6040 was up 2.90% compared to the 2023 peak of 0.5870, 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 3,020 CAD

2023 Average 2,858 CAD

Yearly Trough Low 2,819 CAD

Transaction Impact: A difference of 201.25 CAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.5982

0.5671

JanuMarcMayJulySeptNove

TOP to CAD 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 0.5739, compared to 0.5831 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0092 points.

H1 Avg (Jan–Jun) 0.5739

H2 Avg (Jul–Dec) 0.5831

Volatility Range Comparison

Volatility

The most volatile month in 2024 was December, with a trading range of 0.0187 CAD (High: 0.6040 / Low: 0.5852). On the other end, September was the most stable month, with a tight range of 0.0054 CAD (High: 0.5797 / Low: 0.5744).

December Spread (Volatile) ±0.0187

September Spread (Stable) ±0.0054

Growth Streaks & Declines

Trends

Between January and June, 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 July and August, when the average rate fell by 0.0016 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0016

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 0.5956) against the same month in 2023 (average: 0.5707), the exchange rate shifted by +0.0249 (+4.36%).

2024 Avg (December) 0.5956

2023 Avg (December) 0.5707

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5735	0.5666	0.5697
February	0.5747	0.5637	0.5699
March	0.5765	0.5678	0.5717
April	0.5792	0.5660	0.5738
May	0.5816	0.5729	0.5771
June	0.5856	0.5767	0.5810
July	0.5817	0.5763	0.5796
August	0.5832	0.5739	0.5781
September	0.5797	0.5744	0.5778
October	0.5854	0.5782	0.5824
November	0.5882	0.5813	0.5848
December	0.6040	0.5852	0.5956