2021 TOP to CNY Historical Review

YEARLY HIGH

2.8853 CNY

YEARLY LOW

2.7715 CNY

YEARLY AVERAGE

2.8478 CNY

2021 TOP to CNY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the TOP to CNY exchange rate experienced significant fluctuation. The market reached its absolute peak on September 7, valuing the pair at 2.8853. Conversely, the yearly low was recorded on December 8, dropping to 2.7715.

This high-to-low spread represents a total annual volatility of 0.1138 CNY. From a start-to-finish perspective, comparing the January average rate of 2.8385 to the December average rate of 2.7881, the exchange rate registered a net change of -1.78% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 2.8853 was down 8.30% compared to the 2020 peak of 3.1465, 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 14,426 CNY

2020 Average 14,994 CNY

Yearly Trough Low 13,858 CNY

Transaction Impact: A difference of 568.88 CNY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

2.8839

2.7794

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 2.8513, compared to 2.8443 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0070 points.

H1 Avg (Jan–Jun) 2.8513

H2 Avg (Jul–Dec) 2.8443

Volatility Range Comparison

Volatility

The most volatile month in 2021 was November, with a trading range of 0.0784 CNY (High: 2.8629 / Low: 2.7845). On the other end, June was the most stable month, with a tight range of 0.0194 CNY (High: 2.8852 / Low: 2.8658).

November Spread (Volatile) ±0.0784

June Spread (Stable) ±0.0194

Growth Streaks & Declines

Trends

Between February and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0420 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0420

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2021: 2.8671) against the same month in 2020 (average: 2.9830), the exchange rate shifted by -0.1159 (-3.88%).

2021 Avg (September) 2.8671

2020 Avg (September) 2.9830

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.8728	2.7975	2.8385
February	2.8516	2.8005	2.8166
March	2.8793	2.8144	2.8560
April	2.8766	2.8572	2.8659
May	2.8739	2.8433	2.8554
June	2.8852	2.8658	2.8752
July	2.8822	2.8532	2.8686
August	2.8783	2.8352	2.8618
September	2.8853	2.8322	2.8671
October	2.8680	2.8393	2.8500
November	2.8629	2.7845	2.8301
December	2.8011	2.7715	2.7881