2024 TOP to JPY Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 TOP to JPY Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the TOP to JPY exchange rate experienced significant fluctuation. The market reached its absolute peak on July 10, valuing the pair at 68.6082. Conversely, the yearly low was recorded on September 15, dropping to 59.8021.
This high-to-low spread represents a total annual volatility of 8.8061 JPY. From a start-to-finish perspective, comparing the January average rate of 62.0524 to the December average rate of 64.3294, the exchange rate registered a net change of 3.67% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 68.6082 was up 8.08% compared to the 2023 peak of 63.4803, 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 JPY 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 64.3108, compared to 63.5680 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.7428 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was July, with a trading range of 5.8253 JPY (High: 68.6082 / Low: 62.7829). On the other end, February was the most stable month, with a tight range of 1.8445 JPY (High: 63.8235 / Low: 61.9791).
Growth Streaks & Declines
TrendsBetween January and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 4.7404 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (July 2024: 66.5897) against the same month in 2023 (average: 60.1166), the exchange rate shifted by +6.4731 (+10.77%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 62.7013 | 60.5479 | 62.0524 |
| February | 63.8235 | 61.9791 | 63.1901 |
| March | 64.3108 | 62.1594 | 63.2334 |
| April | 66.3207 | 63.5630 | 64.6071 |
| May | 66.8282 | 64.1628 | 65.7610 |
| June | 68.0825 | 65.8887 | 67.0209 |
| July | 68.6082 | 62.7829 | 66.5897 |
| August | 62.9551 | 60.7428 | 61.8494 |
| September | 62.7305 | 59.8021 | 61.0135 |
| October | 64.4370 | 61.6013 | 63.4530 |
| November | 65.3573 | 62.5404 | 64.1731 |
| December | 65.9395 | 62.4419 | 64.3294 |