2022 TOP to SGD Historical Review

YEARLY HIGH

0.6050 SGD

YEARLY LOW

0.5706 SGD

YEARLY AVERAGE

0.5916 SGD

2022 TOP to SGD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2022

During 2022, the TOP to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on April 6, valuing the pair at 0.6050. Conversely, the yearly low was recorded on December 26, dropping to 0.5706.

This high-to-low spread represents a total annual volatility of 0.0344 SGD. From a start-to-finish perspective, comparing the January average rate of 0.5936 to the December average rate of 0.5762, the exchange rate registered a net change of -2.92% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2022 high of 0.6050 was up 0.12% compared to the 2021 peak of 0.6043, 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 3,025 SGD

2021 Average 2,966 SGD

Yearly Trough Low 2,853 SGD

Transaction Impact: A difference of 171.79 SGD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2022.

0.6044

0.5737

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 0.5967, compared to 0.5866 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0101 points.

H1 Avg (Jan–Jun) 0.5967

H2 Avg (Jul–Dec) 0.5866

Volatility Range Comparison

Volatility

The most volatile month in 2022 was November, with a trading range of 0.0145 SGD (High: 0.5884 / Low: 0.5739). On the other end, April was the most stable month, with a tight range of 0.0069 SGD (High: 0.6050 / Low: 0.5981).

November Spread (Volatile) ±0.0145

April Spread (Stable) ±0.0069

Growth Streaks & Declines

Trends

Between January and April, 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 September and October, when the average rate fell by 0.0081 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0081

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2022: 0.6018) against the same month in 2021 (average: 0.5866), the exchange rate shifted by +0.0153 (+2.60%).

2022 Avg (April) 0.6018

2021 Avg (April) 0.5866

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5976	0.5905	0.5936
February	0.6015	0.5893	0.5943
March	0.6047	0.5941	0.6002
April	0.6050	0.5981	0.6018
May	0.6010	0.5915	0.5950
June	0.5998	0.5892	0.5953
July	0.5981	0.5894	0.5932
August	0.5966	0.5859	0.5921
September	0.5965	0.5895	0.5927
October	0.5916	0.5778	0.5846
November	0.5884	0.5739	0.5805
December	0.5829	0.5706	0.5762