2022 TOP to CVE Historical Review

YEARLY HIGH

48.3059 CVE

YEARLY LOW

42.3273 CVE

YEARLY AVERAGE

45.0661 CVE

2022 TOP to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2022

During 2022, the TOP to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on October 31, valuing the pair at 48.3059. Conversely, the yearly low was recorded on January 13, dropping to 42.3273.

This high-to-low spread represents a total annual volatility of 5.9786 CVE. From a start-to-finish perspective, comparing the January average rate of 42.9334 to the December average rate of 44.4719, the exchange rate registered a net change of 3.58% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2022 high of 48.3059 was up 10.90% compared to the 2021 peak of 43.5570, 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 241,529 CVE

2021 Average 206,592 CVE

Yearly Trough Low 211,636 CVE

Transaction Impact: A difference of 29,893.10 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2022.

47.1112

42.5536

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 44.2311, compared to 45.9012 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.6702 points.

H1 Avg (Jan–Jun) 44.2311

H2 Avg (Jul–Dec) 45.9012

Volatility Range Comparison

Volatility

The most volatile month in 2022 was September, with a trading range of 2.9834 CVE (High: 47.4609 / Low: 44.4775). On the other end, June was the most stable month, with a tight range of 0.9046 CVE (High: 45.4223 / Low: 44.5177).

September Spread (Volatile) ±2.9834

June Spread (Stable) ±0.9046

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 1.0508 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -1.0508

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2022: 46.2996) against the same month in 2021 (average: 42.3339), the exchange rate shifted by +3.9656 (+9.37%).

2022 Avg (October) 46.2996

2021 Avg (October) 42.3339

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	43.6639	42.3273	42.9334
February	43.7472	42.5451	43.0502
March	44.8616	43.2286	44.4119
April	45.7037	44.4706	44.9571
May	45.7260	44.5813	45.0563
June	45.4223	44.5177	44.9773
July	46.6649	44.6537	45.7520
August	47.4085	46.0873	46.7314
September	47.4609	44.4775	46.6299
October	48.3059	45.8394	46.2996
November	46.3995	44.8182	45.5227
December	45.2491	44.0585	44.4719