2012 AZN to TOP Historical Review

YEARLY HIGH

2.2984 TOP

YEARLY LOW

2.1317 TOP

YEARLY AVERAGE

2.2127 TOP

2012 AZN to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2012

During 2012, the AZN to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on July 12, valuing the pair at 2.2984. Conversely, the yearly low was recorded on May 10, dropping to 2.1317.

This high-to-low spread represents a total annual volatility of 0.1667 TOP. From a start-to-finish perspective, comparing the January average rate of 2.2151 to the December average rate of 2.2168, the exchange rate registered a net change of 0.08% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2012 high of 2.2984 was down 2.92% compared to the 2011 peak of 2.3675, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 11,492 TOP

2011 Average 11,121 TOP

Yearly Trough Low 10,659 TOP

Transaction Impact: A difference of 833.29 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2012.

2.2913

2.1331

JanuMarcMayJulySeptNove

AZN 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 2.1986, compared to 2.2268 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0282 points.

H1 Avg (Jan–Jun) 2.1986

H2 Avg (Jul–Dec) 2.2268

Volatility Range Comparison

Volatility

The most volatile month in 2012 was May, with a trading range of 0.1569 TOP (High: 2.2886 / Low: 2.1317). On the other end, June was the most stable month, with a tight range of 0.0186 TOP (High: 2.2877 / Low: 2.2691).

May Spread (Volatile) ±0.1569

June Spread (Stable) ±0.0186

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 January and February, when the average rate fell by 0.0621 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0621

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2012: 2.2638) against the same month in 2011 (average: 2.1439), the exchange rate shifted by +0.1198 (+5.59%).

2012 Avg (July) 2.2638

2011 Avg (July) 2.1439

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.2341	2.1673	2.2151
February	2.1737	2.1364	2.1531
March	2.1740	2.1334	2.1463
April	2.1769	2.1455	2.1649
May	2.2886	2.1317	2.2342
June	2.2877	2.2691	2.2781
July	2.2984	2.2202	2.2638
August	2.2457	2.2082	2.2290
September	2.2503	2.1855	2.2190
October	2.2405	2.1940	2.2186
November	2.2641	2.1776	2.2138
December	2.2477	2.2077	2.2168