2021 TOP to GMD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2021.
2021 TOP to GMD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2021
During 2021, the TOP to GMD exchange rate experienced significant fluctuation. The market reached its absolute peak on October 31, valuing the pair at 23.2822. Conversely, the yearly low was recorded on April 13, dropping to 22.3207.
This high-to-low spread represents a total annual volatility of 0.9615 GMD. From a start-to-finish perspective, comparing the January average rate of 22.6493 to the December average rate of 22.9904, the exchange rate registered a net change of 1.51% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2021 high of 23.2822 was up 1.56% compared to the 2020 peak of 22.9234, 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 2021.
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)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 22.6072, compared to 22.8683 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2610 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2021 was October, with a trading range of 0.5781 GMD (High: 23.2822 / Low: 22.7041). On the other end, July was the most stable month, with a tight range of 0.1894 GMD (High: 22.7314 / Low: 22.5420).
Growth Streaks & Declines
TrendsBetween August and November, 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 January and February, when the average rate fell by 0.2460 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (October 2021: 23.0057) against the same month in 2020 (average: 22.3676), the exchange rate shifted by +0.6381 (+2.85%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 22.8732 | 22.4144 | 22.6493 |
| February | 22.5570 | 22.3345 | 22.4032 |
| March | 22.6934 | 22.3220 | 22.4975 |
| April | 22.6529 | 22.3207 | 22.4704 |
| May | 22.9357 | 22.5488 | 22.7394 |
| June | 23.0605 | 22.6713 | 22.8837 |
| July | 22.7314 | 22.5420 | 22.6539 |
| August | 22.7074 | 22.3527 | 22.5941 |
| September | 23.1477 | 22.6256 | 22.8339 |
| October | 23.2822 | 22.7041 | 23.0057 |
| November | 23.2659 | 22.9262 | 23.1317 |
| December | 23.1902 | 22.8807 | 22.9904 |