2020 TOP to GNF Historical Review

YEARLY HIGH

4398.1629 GNF

YEARLY LOW

3925.2163 GNF

YEARLY AVERAGE

4180.3768 GNF

2020 TOP to GNF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the TOP to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 4398.1629. Conversely, the yearly low was recorded on March 21, dropping to 3925.2163.

This high-to-low spread represents a total annual volatility of 472.9465 GNF. From a start-to-finish perspective, comparing the January average rate of 4129.7358 to the December average rate of 4354.1013, the exchange rate registered a net change of 5.43% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 4398.1629 was up 5.11% compared to the 2019 peak of 4184.2965, 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 21,990,814 GNF

2019 Average 20,148,730 GNF

Yearly Trough Low 19,626,082 GNF

Transaction Impact: A difference of 2,364,732.70 GNF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

4385.9515

4003.7487

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 4104.9808, compared to 4255.7728 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 150.7920 points.

H1 Avg (Jan–Jun) 4104.9808

H2 Avg (Jul–Dec) 4255.7728

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 208.7997 GNF (High: 4134.0161 / Low: 3925.2163). On the other end, July was the most stable month, with a tight range of 38.1200 GNF (High: 4246.1820 / Low: 4208.0620).

March Spread (Volatile) ±208.7997

July Spread (Stable) ±38.1200

Growth Streaks & Declines

Trends

Between March and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 52.8315 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -52.8315

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2020: 4354.1013) against the same month in 2019 (average: 4121.7635), the exchange rate shifted by +232.3377 (+5.64%).

2020 Avg (December) 4354.1013

2019 Avg (December) 4121.7635

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	4200.3836	4063.2034	4129.7358
February	4124.3739	4063.2034	4088.4305
March	4134.0161	3925.2163	4035.5989
April	4123.4762	3993.2986	4064.7030
May	4158.2019	4056.3436	4104.2620
June	4240.4735	4160.5012	4207.1545
July	4246.1820	4208.0620	4222.6786
August	4258.5301	4213.2770	4228.6435
September	4299.3530	4208.3649	4246.6509
October	4247.2766	4202.1322	4226.8213
November	4300.2910	4206.1914	4255.7410
December	4398.1629	4295.1156	4354.1013