2019 TOP to VEF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2019.
2019 TOP to VEF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2019
During 2019, the TOP to VEF exchange rate experienced significant fluctuation. The market reached its absolute peak on April 1, valuing the pair at 112597.6237. Conversely, the yearly low was recorded on October 2, dropping to 106497.0924.
This high-to-low spread represents a total annual volatility of 6100.5313 VEF. From a start-to-finish perspective, comparing the January average rate of 109593.1218 to the December average rate of 108048.4749, the exchange rate registered a net change of -1.41% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2019 high of 112597.6237 was up 2.05% compared to the 2018 peak of 110338.4215, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 TOP based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2019.
TOP to VEF Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 109348.3932, compared to 107648.7144 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1699.6788 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2019 was April, with a trading range of 4354.4210 VEF (High: 112597.6237 / Low: 108243.2027). On the other end, March was the most stable month, with a tight range of 720.9420 VEF (High: 110188.3104 / Low: 109467.3684).
Growth Streaks & Declines
TrendsBetween May and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 1621.1648 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (April 2019: 109515.8719) against the same month in 2018 (average: 22500.5369), the exchange rate shifted by +87015.3351 (+386.73%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 110486.9280 | 108299.8142 | 109593.1218 |
| February | 110661.3076 | 109416.6601 | 110069.8202 |
| March | 110188.3104 | 109467.3684 | 109836.8640 |
| April | 112597.6237 | 108243.2027 | 109515.8719 |
| May | 109194.7147 | 108063.0538 | 108467.7742 |
| June | 109144.6422 | 108013.5440 | 108606.9073 |
| July | 109641.2995 | 108386.1190 | 109065.5284 |
| August | 108137.9684 | 106770.0026 | 107444.3636 |
| September | 108299.3422 | 106697.4289 | 107182.6779 |
| October | 107442.6860 | 106497.0924 | 106903.1867 |
| November | 108471.8986 | 107019.6505 | 107248.0549 |
| December | 109116.2210 | 107054.6455 | 108048.4749 |