2022 TOP to INR Historical Review

YEARLY HIGH

35.4984 INR

YEARLY LOW

32.3143 INR

YEARLY AVERAGE

33.7119 INR

2022 TOP to INR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2022

During 2022, the TOP to INR exchange rate experienced significant fluctuation. The market reached its absolute peak on December 15, valuing the pair at 35.4984. Conversely, the yearly low was recorded on January 11, dropping to 32.3143.

This high-to-low spread represents a total annual volatility of 3.1841 INR. From a start-to-finish perspective, comparing the January average rate of 32.7188 to the December average rate of 35.1345, the exchange rate registered a net change of 7.38% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2022 high of 35.4984 was up 5.81% compared to the 2021 peak of 33.5476, 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 177,492 INR

2021 Average 163,168 INR

Yearly Trough Low 161,572 INR

Transaction Impact: A difference of 15,920.36 INR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2022.

35.3761

32.4773

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 33.3164, compared to 34.1074 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.7910 points.

H1 Avg (Jan–Jun) 33.3164

H2 Avg (Jul–Dec) 34.1074

Volatility Range Comparison

Volatility

The most volatile month in 2022 was November, with a trading range of 1.2849 INR (High: 34.6703 / Low: 33.3854). On the other end, September was the most stable month, with a tight range of 0.4408 INR (High: 33.8843 / Low: 33.4436).

November Spread (Volatile) ±1.2849

September Spread (Stable) ±0.4408

Growth Streaks & Declines

Trends

Between May and August, 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 August and September, when the average rate fell by 0.3798 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.3798

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2022: 35.1345) against the same month in 2021 (average: 33.0059), the exchange rate shifted by +2.1286 (+6.45%).

2022 Avg (December) 35.1345

2021 Avg (December) 33.0059

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	33.0751	32.3143	32.7188
February	33.3742	32.6783	33.0733
March	34.0101	33.1381	33.6734
April	33.7750	33.0909	33.5750
May	33.7501	32.8115	33.2965
June	33.8466	33.1089	33.5613
July	34.0939	33.5233	33.8273
August	34.3536	33.7155	34.0334
September	33.8843	33.4436	33.6535
October	34.1930	33.3896	33.8074
November	34.6703	33.3854	34.1881
December	35.4984	34.5443	35.1345