2020 TOP to STD Historical Review

YEARLY HIGH

9799.9188 STD

YEARLY LOW

8949.8115 STD

YEARLY AVERAGE

9349.7036 STD

2020 TOP to STD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the TOP to STD exchange rate experienced significant fluctuation. The market reached its absolute peak on June 9, valuing the pair at 9799.9188. Conversely, the yearly low was recorded on December 30, dropping to 8949.8115.

This high-to-low spread represents a total annual volatility of 850.1074 STD. From a start-to-finish perspective, comparing the January average rate of 9387.8315 to the December average rate of 9052.2119, the exchange rate registered a net change of -3.58% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 9799.9188 was up 2.74% compared to the 2019 peak of 9538.6936, 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 48,999,594 STD

2019 Average 46,519,644 STD

Yearly Trough Low 44,749,057 STD

Transaction Impact: A difference of 4,250,536.79 STD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

9768.4785

8987.0968

JanuMarcMayJulySeptNove

TOP to STD 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 9495.0314, compared to 9204.3759 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 290.6555 points.

H1 Avg (Jan–Jun) 9495.0314

H2 Avg (Jul–Dec) 9204.3759

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 328.7182 STD (High: 9555.0639 / Low: 9226.3458). On the other end, November was the most stable month, with a tight range of 101.0325 STD (High: 9144.1137 / Low: 9043.0812).

March Spread (Volatile) ±328.7182

November Spread (Stable) ±101.0325

Growth Streaks & Declines

Trends

Between March and June, 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 July and August, when the average rate fell by 302.3577 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -302.3577

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2020: 9703.3634) against the same month in 2019 (average: 9222.7965), the exchange rate shifted by +480.5668 (+5.21%).

2020 Avg (June) 9703.3634

2019 Avg (June) 9222.7965

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	9446.5804	9307.3970	9387.8315
February	9546.3075	9296.5856	9471.5511
March	9555.0639	9226.3458	9412.1247
April	9558.5448	9342.1030	9441.9484
May	9632.2742	9479.0257	9553.3692
June	9799.9188	9586.2473	9703.3634
July	9619.3132	9404.1666	9560.1020
August	9404.1666	9160.8193	9257.7443
September	9268.9718	9083.2517	9177.3199
October	9131.7052	8992.8911	9072.4514
November	9144.1137	9043.0812	9106.4256
December	9159.3489	8949.8115	9052.2119