2022 TOP to CNY Historical Review

YEARLY HIGH

3.0530 CNY

YEARLY LOW

2.7574 CNY

YEARLY AVERAGE

2.8858 CNY

2022 TOP to CNY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2022

During 2022, the TOP to CNY exchange rate experienced significant fluctuation. The market reached its absolute peak on November 28, valuing the pair at 3.0530. Conversely, the yearly low was recorded on February 28, dropping to 2.7574.

This high-to-low spread represents a total annual volatility of 0.2956 CNY. From a start-to-finish perspective, comparing the January average rate of 2.7929 to the December average rate of 2.9720, the exchange rate registered a net change of 6.41% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2022 high of 3.0530 was up 5.81% compared to the 2021 peak of 2.8853, 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 15,265 CNY

2021 Average 14,239 CNY

Yearly Trough Low 13,787 CNY

Transaction Impact: A difference of 1,478.11 CNY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2022.

3.0247

2.7718

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 2.8314, compared to 2.9401 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1086 points.

H1 Avg (Jan–Jun) 2.8314

H2 Avg (Jul–Dec) 2.9401

Volatility Range Comparison

Volatility

The most volatile month in 2022 was October, with a trading range of 0.1029 CNY (High: 3.0184 / Low: 2.9155). On the other end, January was the most stable month, with a tight range of 0.0231 CNY (High: 2.8029 / Low: 2.7798).

October Spread (Volatile) ±0.1029

January Spread (Stable) ±0.0231

Growth Streaks & Declines

Trends

Between January and May, 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 0.0317 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0317

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2022: 3.0036) against the same month in 2021 (average: 2.8301), the exchange rate shifted by +0.1735 (+6.13%).

2022 Avg (November) 3.0036

2021 Avg (November) 2.8301

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.8029	2.7798	2.7929
February	2.8114	2.7574	2.7975
March	2.8320	2.7676	2.8027
April	2.8830	2.8095	2.8328
May	2.9154	2.8497	2.8845
June	2.9020	2.8533	2.8785
July	2.8881	2.8411	2.8642
August	2.9342	2.8752	2.9083
September	2.9726	2.9154	2.9400
October	3.0184	2.9155	2.9525
November	3.0530	2.9575	3.0036
December	2.9993	2.9462	2.9720