2016 TOP to GHS Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2016.
2016 TOP to GHS Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2016
During 2016, the TOP to GHS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 6, valuing the pair at 1.9263. Conversely, the yearly low was recorded on June 1, dropping to 1.6824.
This high-to-low spread represents a total annual volatility of 0.2439 GHS. From a start-to-finish perspective, comparing the January average rate of 1.7254 to the December average rate of 1.8605, the exchange rate registered a net change of 7.83% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2016 high of 1.9263 was down 8.85% compared to the 2015 peak of 2.1133, 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 2016.
TOP to GHS 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 1.7230, compared to 1.7835 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0605 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2016 was November, with a trading range of 0.1665 GHS (High: 1.9219 / Low: 1.7555). On the other end, March was the most stable month, with a tight range of 0.0218 GHS (High: 1.7258 / Low: 1.7040).
Growth Streaks & Declines
TrendsBetween May and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0310 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2016: 1.8605) against the same month in 2015 (average: 1.6965), the exchange rate shifted by +0.1640 (+9.67%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1.7567 | 1.7051 | 1.7254 |
| February | 1.7711 | 1.7081 | 1.7428 |
| March | 1.7258 | 1.7040 | 1.7119 |
| April | 1.7342 | 1.7025 | 1.7186 |
| May | 1.7204 | 1.6890 | 1.7028 |
| June | 1.7734 | 1.6824 | 1.7364 |
| July | 1.7652 | 1.7224 | 1.7431 |
| August | 1.7641 | 1.7344 | 1.7456 |
| September | 1.7829 | 1.7484 | 1.7606 |
| October | 1.8109 | 1.7618 | 1.7875 |
| November | 1.9219 | 1.7555 | 1.8034 |
| December | 1.9263 | 1.8111 | 1.8605 |