2020 TOP to CDF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2020.
2020 TOP to CDF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2020
During 2020, the TOP to CDF exchange rate experienced significant fluctuation. The market reached its absolute peak on August 7, valuing the pair at 875.6328. Conversely, the yearly low was recorded on December 6, dropping to 651.2295.
This high-to-low spread represents a total annual volatility of 224.4034 CDF. From a start-to-finish perspective, comparing the January average rate of 734.3576 to the December average rate of 855.8895, the exchange rate registered a net change of 16.55% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2020 high of 875.6328 was up 17.83% compared to the 2019 peak of 743.1446, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 TOP based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2020.
TOP to CDF Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 754.0307, compared to 854.4709 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 100.4402 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2020 was December, with a trading range of 215.5101 CDF (High: 866.7396 / Low: 651.2295). On the other end, February was the most stable month, with a tight range of 4.6475 CDF (High: 732.1320 / Low: 727.4846).
Growth Streaks & Declines
TrendsBetween March and August, 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 September and October, when the average rate fell by 16.4853 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2020: 860.9314) against the same month in 2019 (average: 716.5561), the exchange rate shifted by +144.3753 (+20.15%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 739.1491 | 727.4915 | 734.3576 |
| February | 732.1320 | 727.4846 | 729.7937 |
| March | 737.8228 | 712.1977 | 725.8368 |
| April | 749.5412 | 724.8222 | 735.6603 |
| May | 796.3947 | 747.1386 | 774.0005 |
| June | 841.5522 | 797.6391 | 824.5354 |
| July | 866.0996 | 835.9258 | 853.4776 |
| August | 875.6328 | 854.4827 | 860.9314 |
| September | 866.6693 | 848.6188 | 859.2437 |
| October | 852.9957 | 783.5168 | 842.7584 |
| November | 860.9002 | 843.6572 | 854.5246 |
| December | 866.7396 | 651.2295 | 855.8895 |