2018 TOP to SGD Historical Review

YEARLY HIGH

0.6114 SGD

YEARLY LOW

0.5827 SGD

YEARLY AVERAGE

0.5937 SGD

2018 TOP to SGD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the TOP to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 14, valuing the pair at 0.6114. Conversely, the yearly low was recorded on January 27, dropping to 0.5827.

This high-to-low spread represents a total annual volatility of 0.0287 SGD. From a start-to-finish perspective, comparing the January average rate of 0.5882 to the December average rate of 0.6021, the exchange rate registered a net change of 2.36% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2018 high of 0.6114 was down 3.25% compared to the 2017 peak of 0.6320, 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 3,057 SGD

2017 Average 3,047 SGD

Yearly Trough Low 2,914 SGD

Transaction Impact: A difference of 143.52 SGD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

0.6035

0.5868

JanuMarcMayJulySeptNove

TOP to SGD 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 0.5915, compared to 0.5958 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0043 points.

H1 Avg (Jan–Jun) 0.5915

H2 Avg (Jul–Dec) 0.5958

Volatility Range Comparison

Volatility

The most volatile month in 2018 was May, with a trading range of 0.0248 SGD (High: 0.6082 / Low: 0.5833). On the other end, September was the most stable month, with a tight range of 0.0066 SGD (High: 0.5969 / Low: 0.5903).

May Spread (Volatile) ±0.0248

September Spread (Stable) ±0.0066

Growth Streaks & Declines

Trends

Between July and December, 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 February and March, when the average rate fell by 0.0046 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0046

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2018: 0.6021) against the same month in 2017 (average: 0.5884), the exchange rate shifted by +0.0137 (+2.33%).

2018 Avg (December) 0.6021

2017 Avg (December) 0.5884

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5927	0.5827	0.5882
February	0.6008	0.5879	0.5961
March	0.5963	0.5874	0.5915
April	0.5989	0.5865	0.5918
May	0.6082	0.5833	0.5914
June	0.5946	0.5846	0.5901
July	0.5935	0.5844	0.5887
August	0.5973	0.5895	0.5925
September	0.5969	0.5903	0.5935
October	0.6017	0.5938	0.5986
November	0.6038	0.5970	0.5994
December	0.6114	0.5966	0.6021