2021 TOP to PHP Historical Review

YEARLY HIGH

22.7446 PHP

YEARLY LOW

20.8072 PHP

YEARLY AVERAGE

21.7466 PHP

2021 TOP to PHP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the TOP to PHP exchange rate experienced significant fluctuation. The market reached its absolute peak on October 21, valuing the pair at 22.7446. Conversely, the yearly low was recorded on February 2, dropping to 20.8072.

This high-to-low spread represents a total annual volatility of 1.9375 PHP. From a start-to-finish perspective, comparing the January average rate of 21.0759 to the December average rate of 22.0226, the exchange rate registered a net change of 4.49% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 22.7446 was up 1.56% compared to the 2020 peak of 22.3961, 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 113,723 PHP

2020 Average 107,761 PHP

Yearly Trough Low 104,036 PHP

Transaction Impact: A difference of 9,687.27 PHP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

22.6522

20.8951

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 21.2507, compared to 22.2425 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.9918 points.

H1 Avg (Jan–Jun) 21.2507

H2 Avg (Jul–Dec) 22.2425

Volatility Range Comparison

Volatility

The most volatile month in 2021 was August, with a trading range of 1.0028 PHP (High: 22.5074 / Low: 21.5046). On the other end, April was the most stable month, with a tight range of 0.3245 PHP (High: 21.4251 / Low: 21.1006).

August Spread (Volatile) ±1.0028

April Spread (Stable) ±0.3245

Growth Streaks & Declines

Trends

Between May and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.2778 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.2778

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2021: 22.5057) against the same month in 2020 (average: 20.9606), the exchange rate shifted by +1.5451 (+7.37%).

2021 Avg (October) 22.5057

2020 Avg (October) 20.9606

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	21.2895	20.9012	21.0759
February	21.5145	20.8072	21.0415
March	21.5297	21.0514	21.2858
April	21.4251	21.1006	21.2810
May	21.4601	21.0282	21.2660
June	21.7031	21.3383	21.5541
July	22.5612	21.7671	22.1620
August	22.5074	21.5046	22.1743
September	22.6398	22.0966	22.2897
October	22.7446	22.3046	22.5057
November	22.6145	22.0490	22.3004
December	22.5498	21.7588	22.0226