2020 TOP to GMD Historical Review

YEARLY HIGH

22.9234 GMD

YEARLY LOW

21.2123 GMD

YEARLY AVERAGE

22.3679 GMD

2020 TOP to GMD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the TOP to GMD exchange rate experienced significant fluctuation. The market reached its absolute peak on September 3, valuing the pair at 22.9234. Conversely, the yearly low was recorded on March 23, dropping to 21.2123.

This high-to-low spread represents a total annual volatility of 1.7112 GMD. From a start-to-finish perspective, comparing the January average rate of 22.2843 to the December average rate of 22.6626, the exchange rate registered a net change of 1.70% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 22.9234 was up 1.73% compared to the 2019 peak of 22.5342, 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 114,617 GMD

2019 Average 109,348 GMD

Yearly Trough Low 106,061 GMD

Transaction Impact: A difference of 8,555.81 GMD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

22.8257

21.5813

JanuMarcMayJulySeptNove

TOP to GMD 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 22.1341, compared to 22.6018 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.4677 points.

H1 Avg (Jan–Jun) 22.1341

H2 Avg (Jul–Dec) 22.6018

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.8591 GMD (High: 22.0714 / Low: 21.2123). On the other end, December was the most stable month, with a tight range of 0.1758 GMD (High: 22.7586 / Low: 22.5828).

March Spread (Volatile) ±0.8591

December Spread (Stable) ±0.1758

Growth Streaks & Declines

Trends

Between March and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.3449 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.3449

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2020: 22.6619) against the same month in 2019 (average: 21.7290), the exchange rate shifted by +0.9329 (+4.29%).

2020 Avg (September) 22.6619

2019 Avg (September) 21.7290

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	22.4545	22.0589	22.2843
February	22.1051	21.9103	22.0299
March	22.0714	21.2123	21.6850
April	22.1422	21.5625	21.8339
May	22.4805	22.0296	22.2494
June	22.8894	22.4835	22.7220
July	22.8301	22.5405	22.7003
August	22.8559	22.6254	22.7200
September	22.9234	22.3708	22.6619
October	22.4690	22.2466	22.3676
November	22.6486	22.2457	22.4983
December	22.7586	22.5828	22.6626