2018 TOP to CNY Historical Review

YEARLY HIGH

3.0672 CNY

YEARLY LOW

2.7734 CNY

YEARLY AVERAGE

2.9100 CNY

2018 TOP to CNY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the TOP to CNY exchange rate experienced significant fluctuation. The market reached its absolute peak on December 14, valuing the pair at 3.0672. Conversely, the yearly low was recorded on May 17, dropping to 2.7734.

This high-to-low spread represents a total annual volatility of 0.2938 CNY. From a start-to-finish perspective, comparing the January average rate of 2.8599 to the December average rate of 3.0268, the exchange rate registered a net change of 5.84% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2018 high of 3.0672 was down 0.54% compared to the 2017 peak of 3.0840, 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 15,336 CNY

2017 Average 14,916 CNY

Yearly Trough Low 13,867 CNY

Transaction Impact: A difference of 1,469.07 CNY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

3.0482

2.7919

JanuMarcMayJulySeptNove

TOP to CNY 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 2.8392, compared to 2.9807 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1415 points.

H1 Avg (Jan–Jun) 2.8392

H2 Avg (Jul–Dec) 2.9807

Volatility Range Comparison

Volatility

The most volatile month in 2018 was July, with a trading range of 0.1066 CNY (High: 2.9498 / Low: 2.8432). On the other end, September was the most stable month, with a tight range of 0.0291 CNY (High: 2.9821 / Low: 2.9530).

July Spread (Volatile) ±0.1066

September Spread (Stable) ±0.0291

Growth Streaks & Declines

Trends

Between May and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0195 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.0195

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2018: 3.0268) against the same month in 2017 (average: 2.8813), the exchange rate shifted by +0.1456 (+5.05%).

2018 Avg (December) 3.0268

2017 Avg (December) 2.8813

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.8946	2.8150	2.8599
February	2.8747	2.8294	2.8557
March	2.8674	2.8185	2.8438
April	2.8670	2.8114	2.8328
May	2.8738	2.7734	2.8132
June	2.8789	2.8038	2.8299
July	2.9498	2.8432	2.9014
August	3.0018	2.9437	2.9630
September	2.9821	2.9530	2.9670
October	3.0292	2.9729	3.0021
November	3.0384	2.9979	3.0242
December	3.0672	2.9889	3.0268