2017 AZN to TOP Historical Review

YEARLY HIGH

1.3992 TOP

YEARLY LOW

1.1720 TOP

YEARLY AVERAGE

1.3179 TOP

2017 AZN to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the AZN to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on May 6, valuing the pair at 1.3992. Conversely, the yearly low was recorded on February 2, dropping to 1.1720.

This high-to-low spread represents a total annual volatility of 0.2272 TOP. From a start-to-finish perspective, comparing the January average rate of 1.2425 to the December average rate of 1.3481, the exchange rate registered a net change of 8.50% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2017 high of 1.3992 was down 8.82% compared to the 2016 peak of 1.5345, 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 6,996 TOP

2016 Average 7,033 TOP

Yearly Trough Low 5,860 TOP

Transaction Impact: A difference of 1,135.80 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

1.3882

1.2247

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 1.3131, compared to 1.3226 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0095 points.

H1 Avg (Jan–Jun) 1.3131

H2 Avg (Jul–Dec) 1.3226

Volatility Range Comparison

Volatility

The most volatile month in 2017 was January, with a trading range of 0.1127 TOP (High: 1.2877 / Low: 1.1750). On the other end, November was the most stable month, with a tight range of 0.0256 TOP (High: 1.3530 / Low: 1.3273).

January Spread (Volatile) ±0.1127

November Spread (Stable) ±0.0256

Growth Streaks & Declines

Trends

Between August and December, 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 May and June, when the average rate fell by 0.0315 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0315

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2017: 1.3746) against the same month in 2016 (average: 1.5007), the exchange rate shifted by -0.1262 (-8.41%).

2017 Avg (May) 1.3746

2016 Avg (May) 1.5007

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.2877	1.1750	1.2425
February	1.2774	1.1720	1.2383
March	1.3522	1.2615	1.3175
April	1.3772	1.3341	1.3624
May	1.3992	1.3516	1.3746
June	1.3619	1.3250	1.3431
July	1.3483	1.2990	1.3251
August	1.3251	1.2881	1.3013
September	1.3257	1.2890	1.3041
October	1.3352	1.3080	1.3205
November	1.3530	1.3273	1.3367
December	1.3627	1.3317	1.3481