2021 TOP to CDF Historical Review

YEARLY HIGH

899.6324 CDF

YEARLY LOW

858.2503 CDF

YEARLY AVERAGE

878.8577 CDF

2021 TOP to CDF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the TOP to CDF exchange rate experienced significant fluctuation. The market reached its absolute peak on October 29, valuing the pair at 899.6324. Conversely, the yearly low was recorded on February 6, dropping to 858.2503.

This high-to-low spread represents a total annual volatility of 41.3821 CDF. From a start-to-finish perspective, comparing the January average rate of 865.1871 to the December average rate of 875.5961, the exchange rate registered a net change of 1.20% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 899.6324 was up 2.74% compared to the 2020 peak of 875.6328, 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 4,498,162 CDF

2020 Average 4,022,510 CDF

Yearly Trough Low 4,291,252 CDF

Transaction Impact: A difference of 206,910.31 CDF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

893.6889

860.0537

JanuMarcMayJulySeptNove

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)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 875.1774, compared to 882.5381 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 7.3608 points.

H1 Avg (Jan–Jun) 875.1774

H2 Avg (Jul–Dec) 882.5381

Volatility Range Comparison

Volatility

The most volatile month in 2021 was October, with a trading range of 24.1715 CDF (High: 899.6324 / Low: 875.4609). On the other end, July was the most stable month, with a tight range of 11.4909 CDF (High: 889.6268 / Low: 878.1358).

October Spread (Volatile) ±24.1715

July Spread (Stable) ±11.4909

Growth Streaks & Declines

Trends

Between February and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 12.2593 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -12.2593

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2021: 886.9445) against the same month in 2020 (average: 842.7584), the exchange rate shifted by +44.1861 (+5.24%).

2021 Avg (October) 886.9445

2020 Avg (October) 842.7584

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	872.0904	859.7854	865.1871
February	874.5495	858.2503	862.8566
March	880.4972	862.9864	871.7201
April	885.1241	864.3987	874.0691
May	894.3753	878.2812	886.3452
June	898.5223	883.4903	890.8860
July	889.6268	878.1358	882.3846
August	884.7544	868.9768	878.3557
September	888.5712	875.6176	884.0926
October	899.6324	875.4609	886.9445
November	895.6956	875.8835	887.8554
December	880.3490	863.3851	875.5961