2019 TOP to CVE Historical Review

YEARLY HIGH

44.6583 CVE

YEARLY LOW

42.2331 CVE

YEARLY AVERAGE

43.1307 CVE

2019 TOP to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the TOP to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on April 1, valuing the pair at 44.6583. Conversely, the yearly low was recorded on January 20, dropping to 42.2331.

This high-to-low spread represents a total annual volatility of 2.4251 CVE. From a start-to-finish perspective, comparing the January average rate of 42.6989 to the December average rate of 43.3661, the exchange rate registered a net change of 1.56% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2019 high of 44.6583 was up 2.47% compared to the 2018 peak of 43.5822, 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 223,291 CVE

2018 Average 206,141 CVE

Yearly Trough Low 211,166 CVE

Transaction Impact: A difference of 12,125.68 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

43.4752

42.6283

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 43.0860, compared to 43.1754 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0894 points.

H1 Avg (Jan–Jun) 43.0860

H2 Avg (Jul–Dec) 43.1754

Volatility Range Comparison

Volatility

The most volatile month in 2019 was April, with a trading range of 1.8760 CVE (High: 44.6583 / Low: 42.7823). On the other end, May was the most stable month, with a tight range of 0.4567 CVE (High: 43.3723 / Low: 42.9157).

April Spread (Volatile) ±1.8760

May Spread (Stable) ±0.4567

Growth Streaks & Declines

Trends

Between January and April, 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 May and June, when the average rate fell by 0.3000 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.3000

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2019: 43.4046) against the same month in 2018 (average: 40.5637), the exchange rate shifted by +2.8409 (+7.00%).

2019 Avg (April) 43.4046

2018 Avg (April) 40.5637

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	43.0831	42.2331	42.6989
February	43.3932	42.9307	43.1345
March	43.5090	42.9879	43.2383
April	44.6583	42.7823	43.4046
May	43.3723	42.9157	43.1698
June	43.2372	42.5473	42.8698
July	43.6238	42.8633	43.1991
August	43.2941	42.4999	42.9174
September	44.0218	42.9684	43.2761
October	43.3232	42.7175	43.0636
November	43.7401	42.9583	43.2301
December	43.7804	43.1471	43.3661