2024 TOP to DZD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 TOP to DZD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the TOP to DZD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 2, valuing the pair at 57.7681. Conversely, the yearly low was recorded on November 27, dropping to 55.5482.
This high-to-low spread represents a total annual volatility of 2.2199 DZD. From a start-to-finish perspective, comparing the January average rate of 57.1132 to the December average rate of 56.0869, the exchange rate registered a net change of -1.80% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 57.7681 was down 1.99% compared to the 2023 peak of 58.9427, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 TOP based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
TOP to DZD Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 56.8437, compared to 56.4024 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.4413 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was April, with a trading range of 1.1994 DZD (High: 56.8564 / Low: 55.6570). On the other end, June was the most stable month, with a tight range of 0.3357 DZD (High: 57.2108 / Low: 56.8751).
Growth Streaks & Declines
TrendsBetween April and June, 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 October and November, when the average rate fell by 0.5857 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2024: 57.1132) against the same month in 2023 (average: 58.5508), the exchange rate shifted by -1.4376 (-2.46%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 57.7681 | 56.6555 | 57.1132 |
| February | 57.3304 | 56.2025 | 56.8425 |
| March | 57.1598 | 56.5181 | 56.8111 |
| April | 56.8564 | 55.6570 | 56.4531 |
| May | 57.1531 | 56.3335 | 56.7989 |
| June | 57.2108 | 56.8751 | 57.0432 |
| July | 57.1100 | 56.2783 | 56.8047 |
| August | 57.3982 | 56.2925 | 56.7658 |
| September | 57.2006 | 56.1603 | 56.4996 |
| October | 56.9034 | 55.8331 | 56.4214 |
| November | 56.2385 | 55.5482 | 55.8357 |
| December | 56.7212 | 55.6655 | 56.0869 |