2021 TOP to NZD Historical Review

YEARLY HIGH

0.6505 NZD

YEARLY LOW

0.5869 NZD

YEARLY AVERAGE

0.6242 NZD

2021 TOP to NZD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the TOP to NZD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 20, valuing the pair at 0.6505. Conversely, the yearly low was recorded on February 24, dropping to 0.5869.

This high-to-low spread represents a total annual volatility of 0.0636 NZD. From a start-to-finish perspective, comparing the January average rate of 0.6102 to the December average rate of 0.6450, the exchange rate registered a net change of 5.72% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.6505 was down 12.24% compared to the 2020 peak of 0.7413, 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 3,252 NZD

2020 Average 3,347 NZD

Yearly Trough Low 2,935 NZD

Transaction Impact: A difference of 317.93 NZD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.6494

0.5970

JanuMarcMayJulySeptNove

TOP to NZD 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 0.6148, compared to 0.6337 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0190 points.

H1 Avg (Jan–Jun) 0.6148

H2 Avg (Jul–Dec) 0.6337

Volatility Range Comparison

Volatility

The most volatile month in 2021 was March, with a trading range of 0.0308 NZD (High: 0.6299 / Low: 0.5991). On the other end, December was the most stable month, with a tight range of 0.0088 NZD (High: 0.6505 / Low: 0.6417).

March Spread (Volatile) ±0.0308

December Spread (Stable) ±0.0088

Growth Streaks & Declines

Trends

Between September and December, 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 January and February, when the average rate fell by 0.0088 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0088

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2021: 0.6450) against the same month in 2020 (average: 0.6170), the exchange rate shifted by +0.0280 (+4.54%).

2021 Avg (December) 0.6450

2020 Avg (December) 0.6170

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6209	0.6029	0.6102
February	0.6084	0.5869	0.6013
March	0.6299	0.5991	0.6150
April	0.6248	0.6077	0.6169
May	0.6222	0.6068	0.6147
June	0.6443	0.6203	0.6304
July	0.6393	0.6286	0.6338
August	0.6450	0.6276	0.6333
September	0.6421	0.6226	0.6291
October	0.6385	0.6180	0.6291
November	0.6439	0.6209	0.6321
December	0.6505	0.6417	0.6450