2024 TOP to NZD Historical Review

YEARLY HIGH

0.7466 NZD

YEARLY LOW

0.6737 NZD

YEARLY AVERAGE

0.6981 NZD

2024 TOP to NZD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the TOP to NZD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 0.7466. Conversely, the yearly low was recorded on September 24, dropping to 0.6737.

This high-to-low spread represents a total annual volatility of 0.0729 NZD. From a start-to-finish perspective, comparing the January average rate of 0.6876 to the December average rate of 0.7280, the exchange rate registered a net change of 5.87% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.7466 was up 3.93% compared to the 2023 peak of 0.7184, 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 3,733 NZD

2023 Average 3,448 NZD

Yearly Trough Low 3,369 NZD

Transaction Impact: A difference of 364.51 NZD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.7323

0.6807

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 0.6939, compared to 0.7022 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0084 points.

H1 Avg (Jan–Jun) 0.6939

H2 Avg (Jul–Dec) 0.7022

Volatility Range Comparison

Volatility

The most volatile month in 2024 was December, with a trading range of 0.0396 NZD (High: 0.7466 / Low: 0.7071). On the other end, June was the most stable month, with a tight range of 0.0128 NZD (High: 0.6966 / Low: 0.6839).

December Spread (Volatile) ±0.0396

June Spread (Stable) ±0.0128

Growth Streaks & Declines

Trends

Between 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 August and September, when the average rate fell by 0.0102 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0102

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 0.7280) against the same month in 2023 (average: 0.6833), the exchange rate shifted by +0.0447 (+6.54%).

2024 Avg (December) 0.7280

2023 Avg (December) 0.6833

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6963	0.6795	0.6876
February	0.6979	0.6798	0.6892
March	0.7065	0.6841	0.6951
April	0.7145	0.6937	0.7045
May	0.7057	0.6881	0.6956
June	0.6966	0.6839	0.6911
July	0.7141	0.6897	0.7006
August	0.7079	0.6815	0.6952
September	0.6947	0.6737	0.6850
October	0.7051	0.6823	0.6967
November	0.7188	0.6968	0.7080
December	0.7466	0.7071	0.7280