2021 TOP to MXN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2021.
2021 TOP to MXN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2021
During 2021, the TOP to MXN exchange rate experienced significant fluctuation. The market reached its absolute peak on November 26, valuing the pair at 9.6217. Conversely, the yearly low was recorded on January 20, dropping to 8.5446.
This high-to-low spread represents a total annual volatility of 1.0771 MXN. From a start-to-finish perspective, comparing the January average rate of 8.7543 to the December average rate of 9.1452, the exchange rate registered a net change of 4.46% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2021 high of 9.6217 was down 10.69% compared to the 2020 peak of 10.7735, 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 2021.
TOP to MXN 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 8.8934, compared to 9.0126 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1192 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2021 was November, with a trading range of 0.5716 MXN (High: 9.6217 / Low: 9.0501). On the other end, July was the most stable month, with a tight range of 0.1400 MXN (High: 8.9038 / Low: 8.7638).
Growth Streaks & Declines
TrendsBetween July and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.2951 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2021: 9.2504) against the same month in 2020 (average: 8.8632), the exchange rate shifted by +0.3873 (+4.37%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 8.9622 | 8.5446 | 8.7543 |
| February | 9.1938 | 8.6842 | 8.8472 |
| March | 9.3863 | 8.9179 | 9.1082 |
| April | 8.9542 | 8.7323 | 8.8130 |
| May | 8.9683 | 8.7977 | 8.8701 |
| June | 9.2381 | 8.8295 | 8.9676 |
| July | 8.9038 | 8.7638 | 8.8363 |
| August | 8.9994 | 8.7903 | 8.8716 |
| September | 9.0640 | 8.8242 | 8.8940 |
| October | 9.2034 | 8.9944 | 9.0780 |
| November | 9.6217 | 9.0501 | 9.2504 |
| December | 9.4026 | 8.9938 | 9.1452 |