2025 TOP to SGD Historical Review

YEARLY HIGH

0.5724 SGD

YEARLY LOW

0.5278 SGD

YEARLY AVERAGE

0.5424 SGD

2025 TOP to SGD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2025

During 2025, the TOP to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 0.5724. Conversely, the yearly low was recorded on June 30, dropping to 0.5278.

This high-to-low spread represents a total annual volatility of 0.0446 SGD. From a start-to-finish perspective, comparing the January average rate of 0.5607 to the December average rate of 0.5361, the exchange rate registered a net change of -4.39% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2025 high of 0.5724 was down 0.54% compared to the 2024 peak of 0.5756, 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 2,862 SGD

2024 Average 2,821 SGD

Yearly Trough Low 2,639 SGD

Transaction Impact: A difference of 223.16 SGD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2025.

0.5635

0.5292

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 0.5490, compared to 0.5357 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0133 points.

H1 Avg (Jan–Jun) 0.5490

H2 Avg (Jul–Dec) 0.5357

Volatility Range Comparison

Volatility

The most volatile month in 2025 was April, with a trading range of 0.0197 SGD (High: 0.5617 / Low: 0.5419). On the other end, August was the most stable month, with a tight range of 0.0042 SGD (High: 0.5358 / Low: 0.5315).

April Spread (Volatile) ±0.0197

August Spread (Stable) ±0.0042

Growth Streaks & Declines

Trends

Between July and November, 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 April and May, when the average rate fell by 0.0117 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0117

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2025: 0.5607) against the same month in 2024 (average: 0.5671), the exchange rate shifted by -0.0065 (-1.14%).

2025 Avg (January) 0.5607

2024 Avg (January) 0.5671

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5724	0.5537	0.5607
February	0.5637	0.5538	0.5581
March	0.5612	0.5522	0.5551
April	0.5617	0.5419	0.5496
May	0.5445	0.5332	0.5379
June	0.5358	0.5278	0.5329
July	0.5391	0.5285	0.5321
August	0.5358	0.5315	0.5336
September	0.5376	0.5298	0.5338
October	0.5398	0.5348	0.5381
November	0.5431	0.5382	0.5407
December	0.5389	0.5330	0.5361