2021 TOP to INR Historical Review

YEARLY HIGH

33.5476 INR

YEARLY LOW

31.5080 INR

YEARLY AVERAGE

32.6284 INR

2021 TOP to INR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the TOP to INR exchange rate experienced significant fluctuation. The market reached its absolute peak on October 31, valuing the pair at 33.5476. Conversely, the yearly low was recorded on February 19, dropping to 31.5080.

This high-to-low spread represents a total annual volatility of 2.0397 INR. From a start-to-finish perspective, comparing the January average rate of 32.0513 to the December average rate of 33.0059, the exchange rate registered a net change of 2.98% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 33.5476 was down 0.54% compared to the 2020 peak of 33.7281, 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 167,738 INR

2020 Average 161,064 INR

Yearly Trough Low 157,540 INR

Transaction Impact: A difference of 10,198.27 INR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

33.4071

31.5787

JanuMarcMayJulySeptNove

TOP to INR 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 32.3110, compared to 32.9457 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.6347 points.

H1 Avg (Jan–Jun) 32.3110

H2 Avg (Jul–Dec) 32.9457

Volatility Range Comparison

Volatility

The most volatile month in 2021 was April, with a trading range of 1.2833 INR (High: 33.2682 / Low: 31.9849). On the other end, July was the most stable month, with a tight range of 0.4357 INR (High: 33.2577 / Low: 32.8221).

April Spread (Volatile) ±1.2833

July Spread (Stable) ±0.4357

Growth Streaks & Declines

Trends

Between February and April, 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 January and February, when the average rate fell by 0.3202 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.3202

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2021: 33.2547) against the same month in 2020 (average: 31.7929), the exchange rate shifted by +1.4619 (+4.60%).

2021 Avg (October) 33.2547

2020 Avg (October) 31.7929

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	32.4876	31.7317	32.0513
February	32.4353	31.5080	31.7311
March	32.1589	31.5603	31.9200
April	33.2682	31.9849	32.7195
May	32.7987	32.3205	32.5053
June	33.1794	32.6288	32.9388
July	33.2577	32.8221	33.0078
August	33.0696	32.3035	32.7402
September	32.8562	32.3714	32.6778
October	33.5476	32.6588	33.2547
November	33.4516	32.7253	32.9881
December	33.2605	32.7154	33.0059