2024 TOP to INR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 TOP to INR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the TOP to INR exchange rate experienced significant fluctuation. The market reached its absolute peak on October 1, valuing the pair at 35.9451. Conversely, the yearly low was recorded on April 29, dropping to 34.5554.
This high-to-low spread represents a total annual volatility of 1.3897 INR. From a start-to-finish perspective, comparing the January average rate of 35.2836 to the December average rate of 35.4999, the exchange rate registered a net change of 0.61% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 35.9451 was up 0.65% compared to the 2023 peak of 35.7120, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 TOP based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
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)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 35.1615, compared to 35.4853 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.3238 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was August, with a trading range of 0.7419 INR (High: 35.8907 / Low: 35.1489). On the other end, November was the most stable month, with a tight range of 0.2907 INR (High: 35.4124 / Low: 35.1217).
Growth Streaks & Declines
TrendsBetween April and June, 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 October and November, when the average rate fell by 0.2915 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (October 2024: 35.5754) against the same month in 2023 (average: 34.7163), the exchange rate shifted by +0.8591 (+2.47%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 35.7147 | 35.0758 | 35.2836 |
| February | 35.1232 | 34.6682 | 35.0417 |
| March | 35.3688 | 34.9126 | 35.0701 |
| April | 35.2264 | 34.5554 | 34.9867 |
| May | 35.3907 | 34.9235 | 35.1990 |
| June | 35.5426 | 35.1892 | 35.3877 |
| July | 35.4969 | 35.0914 | 35.3319 |
| August | 35.8907 | 35.1489 | 35.4822 |
| September | 35.9246 | 35.6165 | 35.7384 |
| October | 35.9451 | 35.2747 | 35.5754 |
| November | 35.4124 | 35.1217 | 35.2839 |
| December | 35.8261 | 35.3169 | 35.4999 |