2016 AFN to TOP Historical Review

YEARLY HIGH

0.0351 TOP

YEARLY LOW

0.0322 TOP

YEARLY AVERAGE

0.0332 TOP

2016 AFN to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the AFN to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 0.0351. Conversely, the yearly low was recorded on June 25, dropping to 0.0322.

This high-to-low spread represents a total annual volatility of 0.0029 TOP. From a start-to-finish perspective, comparing the January average rate of 0.0329 to the December average rate of 0.0343, the exchange rate registered a net change of 4.24% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 0.0351 was down 3.41% compared to the 2015 peak of 0.0363, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 AFN based on timing:

Yearly Peak High 175 TOP

2015 Average 173 TOP

Yearly Trough Low 161 TOP

Transaction Impact: A difference of 14.72 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

0.0345

0.0323

JanuMarcMayJulySeptNove

AFN to TOP 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 0.0328, compared to 0.0337 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0009 points.

H1 Avg (Jan–Jun) 0.0328

H2 Avg (Jul–Dec) 0.0337

Volatility Range Comparison

Volatility

The most volatile month in 2016 was August, with a trading range of 0.0019 TOP (High: 0.0346 / Low: 0.0327). On the other end, April was the most stable month, with a tight range of 0.0005 TOP (High: 0.0328 / Low: 0.0323).

August Spread (Volatile) ±0.0019

April Spread (Stable) ±0.0005

Growth Streaks & Declines

Trends

Between June and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0003 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0003

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2016: 0.0343) against the same month in 2015 (average: 0.0332), the exchange rate shifted by +0.0011 (+3.20%).

2016 Avg (December) 0.0343

2015 Avg (December) 0.0332

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0335	0.0325	0.0329
February	0.0340	0.0326	0.0331
March	0.0331	0.0325	0.0329
April	0.0328	0.0323	0.0326
May	0.0331	0.0324	0.0328
June	0.0331	0.0322	0.0325
July	0.0333	0.0327	0.0330
August	0.0346	0.0327	0.0336
September	0.0343	0.0332	0.0337
October	0.0343	0.0334	0.0337
November	0.0344	0.0330	0.0338
December	0.0351	0.0336	0.0343