2019 TOP to ETB Historical Review

YEARLY HIGH

13.9856 ETB

YEARLY LOW

12.3329 ETB

YEARLY AVERAGE

12.7508 ETB

2019 TOP to ETB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the TOP to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 13.9856. Conversely, the yearly low was recorded on January 21, dropping to 12.3329.

This high-to-low spread represents a total annual volatility of 1.6527 ETB. From a start-to-finish perspective, comparing the January average rate of 12.5079 to the December average rate of 13.6910, the exchange rate registered a net change of 9.46% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2019 high of 13.9856 was up 11.35% compared to the 2018 peak of 12.5595, 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 69,928 ETB

2018 Average 60,880 ETB

Yearly Trough Low 61,664 ETB

Transaction Impact: A difference of 8,263.66 ETB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

13.8094

12.3895

JanuMarcMayJulySeptNove

TOP to ETB 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 12.6156, compared to 12.8860 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2704 points.

H1 Avg (Jan–Jun) 12.6156

H2 Avg (Jul–Dec) 12.8860

Volatility Range Comparison

Volatility

The most volatile month in 2019 was December, with a trading range of 0.8033 ETB (High: 13.9856 / Low: 13.1823). On the other end, February was the most stable month, with a tight range of 0.1722 ETB (High: 12.6966 / Low: 12.5245).

December Spread (Volatile) ±0.8033

February Spread (Stable) ±0.1722

Growth Streaks & Declines

Trends

Between August and December, 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 July and August, when the average rate fell by 0.1028 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.1028

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2019: 13.6910) against the same month in 2018 (average: 12.3828), the exchange rate shifted by +1.3082 (+10.56%).

2019 Avg (December) 13.6910

2018 Avg (December) 12.3828

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	12.6425	12.3329	12.5079
February	12.6966	12.5245	12.6126
March	12.7027	12.5249	12.6164
April	13.0036	12.5395	12.6911
May	12.7031	12.4959	12.6097
June	12.7818	12.5011	12.6560
July	12.8168	12.5056	12.7141
August	12.7032	12.4004	12.6114
September	12.8571	12.5158	12.6733
October	12.8635	12.5297	12.7136
November	13.1834	12.7616	12.9125
December	13.9856	13.1823	13.6910