2018 TOP to KES Historical Review

YEARLY HIGH

46.2649 KES

YEARLY LOW

42.9762 KES

YEARLY AVERAGE

44.5839 KES

2018 TOP to KES Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the TOP to KES exchange rate experienced significant fluctuation. The market reached its absolute peak on February 4, valuing the pair at 46.2649. Conversely, the yearly low was recorded on July 22, dropping to 42.9762.

This high-to-low spread represents a total annual volatility of 3.2886 KES. From a start-to-finish perspective, comparing the January average rate of 45.7826 to the December average rate of 44.8785, the exchange rate registered a net change of -1.97% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2018 high of 46.2649 was down 2.44% compared to the 2017 peak of 47.4226, 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 231,324 KES

2017 Average 228,269 KES

Yearly Trough Low 214,881 KES

Transaction Impact: A difference of 16,443.20 KES purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

46.0326

43.2497

JanuMarcMayJulySeptNove

TOP to KES 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 45.1624, compared to 44.0054 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.1570 points.

H1 Avg (Jan–Jun) 45.1624

H2 Avg (Jul–Dec) 44.0054

Volatility Range Comparison

Volatility

The most volatile month in 2018 was May, with a trading range of 1.7073 KES (High: 45.3568 / Low: 43.6495). On the other end, September was the most stable month, with a tight range of 0.2219 KES (High: 43.7931 / Low: 43.5712).

May Spread (Volatile) ±1.7073

September Spread (Stable) ±0.2219

Growth Streaks & Declines

Trends

Between July and December, 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 April and May, when the average rate fell by 0.8001 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.8001

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2018: 45.8007) against the same month in 2017 (average: 45.8585), the exchange rate shifted by -0.0578 (-0.13%).

2018 Avg (February) 45.8007

2017 Avg (February) 45.8585

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	46.2391	45.4832	45.7826
February	46.2649	45.2897	45.8007
March	45.8195	45.0763	45.4983
April	45.7258	44.6344	45.2423
May	45.3568	43.6495	44.4422
June	44.5037	43.7547	44.2084
July	43.8282	42.9762	43.4816
August	43.6911	43.4228	43.5739
September	43.7931	43.5712	43.6466
October	44.2547	43.6603	43.8553
November	44.9862	44.0878	44.5967
December	45.5150	44.3461	44.8785