2024 TOP to IDR Historical Review

YEARLY HIGH

6997.4561 IDR

YEARLY LOW

6463.9855 IDR

YEARLY AVERAGE

6697.4793 IDR

2024 TOP to IDR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the TOP to IDR exchange rate experienced significant fluctuation. The market reached its absolute peak on June 20, valuing the pair at 6997.4561. Conversely, the yearly low was recorded on September 26, dropping to 6463.9855.

This high-to-low spread represents a total annual volatility of 533.4706 IDR. From a start-to-finish perspective, comparing the January average rate of 6631.6768 to the December average rate of 6709.7268, the exchange rate registered a net change of 1.18% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 6997.4561 was up 4.93% compared to the 2023 peak of 6668.9199, 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 34,987,280 IDR

2023 Average 32,263,681 IDR

Yearly Trough Low 32,319,928 IDR

Transaction Impact: A difference of 2,667,352.88 IDR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

6975.7297

6498.8639

JanuMarcMayJulySeptNove

TOP to IDR 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 6726.2974, compared to 6668.6612 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 57.6361 points.

H1 Avg (Jan–Jun) 6726.2974

H2 Avg (Jul–Dec) 6668.6612

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 298.6464 IDR (High: 6843.6311 / Low: 6544.9848). On the other end, January was the most stable month, with a tight range of 97.1205 IDR (High: 6694.5738 / Low: 6597.4532).

August Spread (Volatile) ±298.6464

January Spread (Stable) ±97.1205

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 July and August, when the average rate fell by 202.3663 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -202.3663

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2024: 6935.9909) against the same month in 2023 (average: 6338.6927), the exchange rate shifted by +597.2982 (+9.42%).

2024 Avg (June) 6935.9909

2023 Avg (June) 6338.6927

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	6694.5738	6597.4532	6631.6768
February	6658.6754	6532.4217	6615.3007
March	6720.8040	6568.7772	6635.8785
April	6836.5609	6684.1602	6755.6279
May	6893.7555	6694.2984	6783.3096
June	6997.4561	6864.3961	6935.9909
July	6940.9217	6816.1899	6867.1895
August	6843.6311	6544.9848	6664.8232
September	6649.5674	6463.9855	6538.6028
October	6700.0634	6537.5093	6606.4830
November	6675.0844	6535.0035	6625.1422
December	6823.1553	6614.8223	6709.7268