2020 TOP to KES Historical Review

YEARLY HIGH

48.8990 KES

YEARLY LOW

43.2905 KES

YEARLY AVERAGE

46.2672 KES

2020 TOP to KES Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the TOP to KES exchange rate experienced significant fluctuation. The market reached its absolute peak on December 14, valuing the pair at 48.8990. Conversely, the yearly low was recorded on February 4, dropping to 43.2905.

This high-to-low spread represents a total annual volatility of 5.6085 KES. From a start-to-finish perspective, comparing the January average rate of 44.0163 to the December average rate of 48.3830, the exchange rate registered a net change of 9.92% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 48.8990 was up 6.98% compared to the 2019 peak of 45.7105, 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 244,495 KES

2019 Average 222,637 KES

Yearly Trough Low 216,452 KES

Transaction Impact: A difference of 28,042.46 KES purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

48.8682

43.0455

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 45.0662, compared to 47.4681 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 2.4019 points.

H1 Avg (Jan–Jun) 45.0662

H2 Avg (Jul–Dec) 47.4681

Volatility Range Comparison

Volatility

The most volatile month in 2020 was April, with a trading range of 1.6901 KES (High: 46.4821 / Low: 44.7920). On the other end, October was the most stable month, with a tight range of 0.3889 KES (High: 47.1089 / Low: 46.7200).

April Spread (Volatile) ±1.6901

October Spread (Stable) ±0.3889

Growth Streaks & Declines

Trends

Between February and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.5155 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.5155

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2020: 48.3830) against the same month in 2019 (average: 44.1054), the exchange rate shifted by +4.2776 (+9.70%).

2020 Avg (December) 48.3830

2019 Avg (December) 44.1054

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	44.5204	43.3193	44.0163
February	43.7457	43.2905	43.5308
March	44.9061	43.4434	44.1894
April	46.4821	44.7920	45.5761
May	46.7607	45.6278	46.2299
June	47.3055	46.4223	46.8550
July	47.6039	46.5007	47.0741
August	47.7460	47.2032	47.4111
September	47.8886	46.8604	47.4707
October	47.1089	46.7200	46.9552
November	48.1392	46.7362	47.5147
December	48.8990	47.5387	48.3830