2019 TOP to SGD Historical Review

YEARLY HIGH

0.6141 SGD

YEARLY LOW

0.5858 SGD

YEARLY AVERAGE

0.5955 SGD

2019 TOP to SGD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the TOP to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on April 1, valuing the pair at 0.6141. Conversely, the yearly low was recorded on October 19, dropping to 0.5858.

This high-to-low spread represents a total annual volatility of 0.0284 SGD. From a start-to-finish perspective, comparing the January average rate of 0.5981 to the December average rate of 0.5898, the exchange rate registered a net change of -1.39% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2019 high of 0.6141 was up 0.44% compared to the 2018 peak of 0.6114, 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 3,071 SGD

2018 Average 2,968 SGD

Yearly Trough Low 2,929 SGD

Transaction Impact: A difference of 141.86 SGD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

0.6008

0.5865

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 0.5980, compared to 0.5931 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0048 points.

H1 Avg (Jan–Jun) 0.5980

H2 Avg (Jul–Dec) 0.5931

Volatility Range Comparison

Volatility

The most volatile month in 2019 was April, with a trading range of 0.0238 SGD (High: 0.6141 / Low: 0.5903). On the other end, August was the most stable month, with a tight range of 0.0051 SGD (High: 0.6013 / Low: 0.5962).

April Spread (Volatile) ±0.0238

August Spread (Stable) ±0.0051

Growth Streaks & Declines

Trends

Between June and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0057 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0057

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2019: 0.5977) against the same month in 2018 (average: 0.5918), the exchange rate shifted by +0.0059 (+0.99%).

2019 Avg (April) 0.5977

2018 Avg (April) 0.5918

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6020	0.5922	0.5981
February	0.6033	0.5971	0.5996
March	0.6011	0.5955	0.5986
April	0.6141	0.5903	0.5977
May	0.6018	0.5959	0.5983
June	0.5992	0.5908	0.5954
July	0.6020	0.5937	0.5976
August	0.6013	0.5962	0.5989
September	0.6016	0.5914	0.5952
October	0.5945	0.5858	0.5895
November	0.5939	0.5858	0.5877
December	0.5938	0.5876	0.5898