2019 TOP to GNF Historical Review

YEARLY HIGH

4184.2965 GNF

YEARLY LOW

3891.5884 GNF

YEARLY AVERAGE

4029.8891 GNF

2019 TOP to GNF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the TOP to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 4184.2965. Conversely, the yearly low was recorded on August 25, dropping to 3891.5884.

This high-to-low spread represents a total annual volatility of 292.7081 GNF. From a start-to-finish perspective, comparing the January average rate of 4040.4118 to the December average rate of 4121.7635, the exchange rate registered a net change of 2.01% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2019 high of 4184.2965 was up 2.19% compared to the 2018 peak of 4094.7643, 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 20,921,482 GNF

2018 Average 19,913,639 GNF

Yearly Trough Low 19,457,942 GNF

Transaction Impact: A difference of 1,463,540.33 GNF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

4136.3251

3961.5870

JanuMarcMayJulySeptNove

TOP to GNF 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 4038.6240, compared to 4021.1543 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 17.4697 points.

H1 Avg (Jan–Jun) 4038.6240

H2 Avg (Jul–Dec) 4021.1543

Volatility Range Comparison

Volatility

The most volatile month in 2019 was November, with a trading range of 240.7237 GNF (High: 4136.1355 / Low: 3895.4118). On the other end, July was the most stable month, with a tight range of 50.9722 GNF (High: 4065.0973 / Low: 4014.1252).

November Spread (Volatile) ±240.7237

July Spread (Stable) ±50.9722

Growth Streaks & Declines

Trends

Between May and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 63.9484 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -63.9484

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2019: 4121.7635) against the same month in 2018 (average: 4020.4244), the exchange rate shifted by +101.3391 (+2.52%).

2019 Avg (December) 4121.7635

2018 Avg (December) 4020.4244

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	4075.2073	3976.8652	4040.4118
February	4101.5748	4014.6241	4063.7609
March	4089.2276	4021.4082	4058.7785
April	4153.2308	3992.6335	4044.3386
May	4043.1031	3975.3518	4009.8602
June	4051.9493	3969.0155	4014.5939
July	4065.0973	4014.1252	4040.8617
August	4016.4378	3891.5884	3976.9133
September	4022.7470	3940.5806	3976.4770
October	4002.8715	3946.7599	3976.1485
November	4136.1355	3895.4118	4034.7615
December	4184.2965	4085.7215	4121.7635