2020 TOP to CVE Historical Review

YEARLY HIGH

108.5665 CVE

YEARLY LOW

39.4921 CVE

YEARLY AVERAGE

42.3739 CVE

2020 TOP to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the TOP to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on March 18, valuing the pair at 108.5665. Conversely, the yearly low was recorded on December 17, dropping to 39.4921.

This high-to-low spread represents a total annual volatility of 69.0745 CVE. From a start-to-finish perspective, comparing the January average rate of 43.3926 to the December average rate of 39.8085, the exchange rate registered a net change of -8.26% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 108.5665 was up 143.11% compared to the 2019 peak of 44.6583, 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 542,833 CVE

2019 Average 215,650 CVE

Yearly Trough Low 197,460 CVE

Transaction Impact: A difference of 345,372.43 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

45.3275

39.3068

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 43.8106, compared to 40.9371 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 2.8735 points.

H1 Avg (Jan–Jun) 43.8106

H2 Avg (Jul–Dec) 40.9371

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 66.4686 CVE (High: 108.5665 / Low: 42.0980). On the other end, January was the most stable month, with a tight range of 0.4864 CVE (High: 43.6542 / Low: 43.1678).

March Spread (Volatile) ±66.4686

January Spread (Stable) ±0.4864

Growth Streaks & Declines

Trends

Between January and March, 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 July and August, when the average rate fell by 1.5431 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -1.5431

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2020: 44.8257) against the same month in 2019 (average: 43.2383), the exchange rate shifted by +1.5875 (+3.67%).

2020 Avg (March) 44.8257

2019 Avg (March) 43.2383

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	43.6542	43.1678	43.3926
February	44.2867	43.1979	43.7917
March	108.5665	42.0980	44.8257
April	44.1256	42.9868	43.6053
May	44.3234	43.4248	43.9184
June	43.6834	42.9227	43.3301
July	44.0468	41.2791	42.4814
August	41.5452	40.4680	40.9383
September	41.5141	40.8585	41.0830
October	41.0086	40.1303	40.6636
November	40.8610	40.3346	40.6480
December	40.1850	39.4921	39.8085