2022 TOP to KES Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2022.
2022 TOP to KES Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2022
During 2022, the TOP to KES exchange rate experienced significant fluctuation. The market reached its absolute peak on December 14, valuing the pair at 52.7953. Conversely, the yearly low was recorded on October 18, dropping to 49.2724.
This high-to-low spread represents a total annual volatility of 3.5229 KES. From a start-to-finish perspective, comparing the January average rate of 49.8306 to the December average rate of 52.4342, the exchange rate registered a net change of 5.22% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2022 high of 52.7953 was up 5.97% compared to the 2021 peak of 49.8224, 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 2022.
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)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 50.3228, compared to 50.8781 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.5553 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2022 was November, with a trading range of 2.2827 KES (High: 51.9185 / Low: 49.6358). On the other end, December was the most stable month, with a tight range of 0.6381 KES (High: 52.7953 / Low: 52.1572).
Growth Streaks & Declines
TrendsBetween January and April, 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 September and October, when the average rate fell by 0.8258 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2022: 52.4342) against the same month in 2021 (average: 49.4524), the exchange rate shifted by +2.9818 (+6.03%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 50.0452 | 49.3949 | 49.8306 |
| February | 50.4527 | 49.7551 | 50.1502 |
| March | 51.1502 | 49.8983 | 50.5385 |
| April | 51.2594 | 50.0959 | 50.8985 |
| May | 50.8213 | 49.4915 | 50.0788 |
| June | 50.8779 | 49.8410 | 50.4403 |
| July | 50.9013 | 49.9260 | 50.3461 |
| August | 51.5533 | 50.8217 | 51.1351 |
| September | 51.0051 | 49.6157 | 50.5394 |
| October | 50.3159 | 49.2724 | 49.7136 |
| November | 51.9185 | 49.6358 | 51.1005 |
| December | 52.7953 | 52.1572 | 52.4342 |