2020 TOP to PHP Historical Review

YEARLY HIGH

22.3961 PHP

YEARLY LOW

20.7568 PHP

YEARLY AVERAGE

21.5535 PHP

2020 TOP to PHP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the TOP to PHP exchange rate experienced significant fluctuation. The market reached its absolute peak on June 11, valuing the pair at 22.3961. Conversely, the yearly low was recorded on November 3, dropping to 20.7568.

This high-to-low spread represents a total annual volatility of 1.6394 PHP. From a start-to-finish perspective, comparing the January average rate of 22.1335 to the December average rate of 21.0532, the exchange rate registered a net change of -4.88% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 22.3961 was down 5.65% compared to the 2019 peak of 23.7385, 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 111,981 PHP

2019 Average 113,014 PHP

Yearly Trough Low 103,784 PHP

Transaction Impact: A difference of 8,196.89 PHP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

22.2508

20.8434

JanuMarcMayJulySeptNove

TOP to PHP 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 21.8946, compared to 21.2125 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.6822 points.

H1 Avg (Jan–Jun) 21.8946

H2 Avg (Jul–Dec) 21.2125

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.8530 PHP (High: 22.0704 / Low: 21.2174). On the other end, December was the most stable month, with a tight range of 0.1620 PHP (High: 21.1410 / Low: 20.9790).

March Spread (Volatile) ±0.8530

December Spread (Stable) ±0.1620

Growth Streaks & Declines

Trends

Between March and June, 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 June and July, when the average rate fell by 0.3717 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.3717

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2020: 22.0424) against the same month in 2019 (average: 22.5946), the exchange rate shifted by -0.5523 (-2.44%).

2020 Avg (June) 22.0424

2019 Avg (June) 22.5946

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	22.3691	21.9840	22.1335
February	22.0287	21.8196	21.9332
March	22.0704	21.2174	21.6808
April	21.9117	21.4031	21.6884
May	22.1380	21.6478	21.8894
June	22.3961	21.7105	22.0424
July	21.7956	21.5581	21.6707
August	21.6312	21.1903	21.3862
September	21.5020	20.8995	21.2388
October	21.0789	20.8210	20.9606
November	21.0998	20.7568	20.9652
December	21.1410	20.9790	21.0532