2021 TOP to NPR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2021.
2021 TOP to NPR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2021
During 2021, the TOP to NPR exchange rate experienced significant fluctuation. The market reached its absolute peak on October 31, valuing the pair at 53.6636. Conversely, the yearly low was recorded on February 19, dropping to 50.3919.
This high-to-low spread represents a total annual volatility of 3.2717 NPR. From a start-to-finish perspective, comparing the January average rate of 51.2833 to the December average rate of 52.7529, the exchange rate registered a net change of 2.87% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2021 high of 53.6636 was down 0.42% compared to the 2020 peak of 53.8924, 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 NPR 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 51.6465, compared to 52.6794 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.0329 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2021 was April, with a trading range of 1.8914 NPR (High: 53.0289 / Low: 51.1374). On the other end, July was the most stable month, with a tight range of 0.5204 NPR (High: 53.0435 / Low: 52.5231).
Growth Streaks & Declines
TrendsBetween February and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.6217 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (October 2021: 53.1684) against the same month in 2020 (average: 50.8486), the exchange rate shifted by +2.3198 (+4.56%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 51.8782 | 50.7016 | 51.2833 |
| February | 51.5011 | 50.3919 | 50.6617 |
| March | 51.4342 | 50.4426 | 51.0055 |
| April | 53.0289 | 51.1374 | 52.2415 |
| May | 52.6910 | 51.6430 | 52.0234 |
| June | 53.0167 | 52.1982 | 52.6639 |
| July | 53.0435 | 52.5231 | 52.7689 |
| August | 52.8363 | 51.4780 | 52.3973 |
| September | 52.4386 | 51.8520 | 52.2337 |
| October | 53.6636 | 52.2366 | 53.1684 |
| November | 53.5733 | 52.2784 | 52.7554 |
| December | 53.3032 | 52.3127 | 52.7529 |