2021 TOP to SGD Historical Review

YEARLY HIGH

0.6043 SGD

YEARLY LOW

0.5749 SGD

YEARLY AVERAGE

0.5931 SGD

2021 TOP to SGD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the TOP to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on July 19, valuing the pair at 0.6043. Conversely, the yearly low was recorded on February 21, dropping to 0.5749.

This high-to-low spread represents a total annual volatility of 0.0293 SGD. From a start-to-finish perspective, comparing the January average rate of 0.5814 to the December average rate of 0.5968, the exchange rate registered a net change of 2.65% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.6043 was down 2.55% compared to the 2020 peak of 0.6200, 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 3,021 SGD

2020 Average 2,997 SGD

Yearly Trough Low 2,875 SGD

Transaction Impact: A difference of 146.64 SGD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.6035

0.5762

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 0.5871, compared to 0.5991 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0120 points.

H1 Avg (Jan–Jun) 0.5871

H2 Avg (Jul–Dec) 0.5991

Volatility Range Comparison

Volatility

The most volatile month in 2021 was March, with a trading range of 0.0163 SGD (High: 0.5949 / Low: 0.5786). On the other end, April was the most stable month, with a tight range of 0.0044 SGD (High: 0.5889 / Low: 0.5846).

March Spread (Volatile) ±0.0163

April Spread (Stable) ±0.0044

Growth Streaks & Declines

Trends

Between April and July, 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 November and December, when the average rate fell by 0.0045 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0045

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2021: 0.6001) against the same month in 2020 (average: 0.6087), the exchange rate shifted by -0.0086 (-1.41%).

2021 Avg (July) 0.6001

2020 Avg (July) 0.6087

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5869	0.5780	0.5814
February	0.5864	0.5749	0.5785
March	0.5949	0.5786	0.5889
April	0.5889	0.5846	0.5866
May	0.5947	0.5863	0.5903
June	0.6009	0.5929	0.5969
July	0.6043	0.5961	0.6001
August	0.6032	0.5934	0.5985
September	0.6008	0.5958	0.5984
October	0.6042	0.5967	0.5997
November	0.6039	0.5974	0.6013
December	0.6002	0.5929	0.5968