2020 TOP to SGD Historical Review

YEARLY HIGH

0.6200 SGD

YEARLY LOW

0.5803 SGD

YEARLY AVERAGE

0.5994 SGD

2020 TOP to SGD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the TOP to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on May 27, valuing the pair at 0.6200. Conversely, the yearly low was recorded on December 17, dropping to 0.5803.

This high-to-low spread represents a total annual volatility of 0.0398 SGD. From a start-to-finish perspective, comparing the January average rate of 0.5882 to the December average rate of 0.5833, the exchange rate registered a net change of -0.84% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.6200 was up 0.96% compared to the 2019 peak of 0.6141, 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 3,100 SGD

2019 Average 2,978 SGD

Yearly Trough Low 2,901 SGD

Transaction Impact: A difference of 198.88 SGD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.6177

0.5801

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 0.6048, compared to 0.5939 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0109 points.

H1 Avg (Jan–Jun) 0.6048

H2 Avg (Jul–Dec) 0.5939

Volatility Range Comparison

Volatility

The most volatile month in 2020 was February, with a trading range of 0.0160 SGD (High: 0.6050 / Low: 0.5890). On the other end, November was the most stable month, with a tight range of 0.0044 SGD (High: 0.5879 / Low: 0.5835).

February Spread (Volatile) ±0.0160

November Spread (Stable) ±0.0044

Growth Streaks & Declines

Trends

Between January and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0105 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0105

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2020: 0.6146) against the same month in 2019 (average: 0.5983), the exchange rate shifted by +0.0163 (+2.72%).

2020 Avg (May) 0.6146

2019 Avg (May) 0.5983

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5908	0.5863	0.5882
February	0.6050	0.5890	0.5998
March	0.6096	0.5941	0.6031
April	0.6160	0.6025	0.6095
May	0.6200	0.6087	0.6146
June	0.6189	0.6073	0.6138
July	0.6123	0.6036	0.6087
August	0.6047	0.5965	0.6004
September	0.6037	0.5909	0.5982
October	0.5919	0.5837	0.5876
November	0.5879	0.5835	0.5853
December	0.5859	0.5803	0.5833