2018 TOP to CVE Historical Review

YEARLY HIGH

43.5822 CVE

YEARLY LOW

39.4673 CVE

YEARLY AVERAGE

41.2235 CVE

2018 TOP to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the TOP to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on December 16, valuing the pair at 43.5822. Conversely, the yearly low was recorded on January 25, dropping to 39.4673.

This high-to-low spread represents a total annual volatility of 4.1149 CVE. From a start-to-finish perspective, comparing the January average rate of 40.4087 to the December average rate of 42.6708, the exchange rate registered a net change of 5.60% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2018 high of 43.5822 was down 6.82% compared to the 2017 peak of 46.7729, 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 217,911 CVE

2017 Average 216,426 CVE

Yearly Trough Low 197,336 CVE

Transaction Impact: A difference of 20,574.37 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

42.9018

40.1294

JanuMarcMayJulySeptNove

TOP to CVE 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 40.7543, compared to 41.6927 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.9385 points.

H1 Avg (Jan–Jun) 40.7543

H2 Avg (Jul–Dec) 41.6927

Volatility Range Comparison

Volatility

The most volatile month in 2018 was January, with a trading range of 1.6873 CVE (High: 41.1545 / Low: 39.4673). On the other end, November was the most stable month, with a tight range of 0.6715 CVE (High: 42.6982 / Low: 42.0267).

January Spread (Volatile) ±1.6873

November Spread (Stable) ±0.6715

Growth Streaks & Declines

Trends

Between March and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.6061 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.6061

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2018: 42.6708) against the same month in 2017 (average: 40.8420), the exchange rate shifted by +1.8288 (+4.48%).

2018 Avg (December) 42.6708

2017 Avg (December) 40.8420

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	41.1545	39.4673	40.4087
February	40.9204	39.8537	40.4856
March	40.9114	39.9967	40.3604
April	41.2985	40.2541	40.5637
May	41.9197	40.6486	41.2420
June	41.9039	41.0086	41.4651
July	41.2367	40.4356	40.8590
August	42.2196	40.9197	41.4534
September	41.3323	40.6124	41.0364
October	42.4265	41.3106	41.7793
November	42.6982	42.0267	42.3574
December	43.5822	42.2267	42.6708