2020 TOP to GHS Historical Review

YEARLY HIGH

2.6161 GHS

YEARLY LOW

2.2923 GHS

YEARLY AVERAGE

2.4915 GHS

2020 TOP to GHS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the TOP to GHS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 7, valuing the pair at 2.6161. Conversely, the yearly low was recorded on February 23, dropping to 2.2923.

This high-to-low spread represents a total annual volatility of 0.3238 GHS. From a start-to-finish perspective, comparing the January average rate of 2.4612 to the December average rate of 2.5694, the exchange rate registered a net change of 4.40% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 2.6161 was down 58.65% compared to the 2019 peak of 6.3262, 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 13,081 GHS

2019 Average 11,760 GHS

Yearly Trough Low 11,461 GHS

Transaction Impact: A difference of 1,619.04 GHS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

2.5942

2.2975

JanuMarcMayJulySeptNove

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)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 2.4471, compared to 2.5358 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0887 points.

H1 Avg (Jan–Jun) 2.4471

H2 Avg (Jul–Dec) 2.5358

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.1467 GHS (High: 2.4649 / Low: 2.3183). On the other end, October was the most stable month, with a tight range of 0.0169 GHS (High: 2.5194 / Low: 2.5025).

March Spread (Volatile) ±0.1467

October Spread (Stable) ±0.0169

Growth Streaks & Declines

Trends

Between February and June, 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 January and February, when the average rate fell by 0.1390 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.1390

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2020: 2.5694) against the same month in 2019 (average: 2.4777), the exchange rate shifted by +0.0918 (+3.70%).

2020 Avg (December) 2.5694

2019 Avg (December) 2.4777

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.5001	2.3742	2.4612
February	2.3742	2.2923	2.3222
March	2.4649	2.3183	2.3764
April	2.5143	2.4376	2.4727
May	2.5241	2.4844	2.5022
June	2.5845	2.5092	2.5480
July	2.5497	2.5168	2.5337
August	2.5475	2.5187	2.5309
September	2.5588	2.4997	2.5331
October	2.5194	2.5025	2.5121
November	2.5627	2.5034	2.5356
December	2.6161	2.5534	2.5694