2019 AZN to TOP Historical Review

YEARLY HIGH

1.3705 TOP

YEARLY LOW

1.2962 TOP

YEARLY AVERAGE

1.3454 TOP

2019 AZN to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the AZN to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on October 2, valuing the pair at 1.3705. Conversely, the yearly low was recorded on April 1, dropping to 1.2962.

This high-to-low spread represents a total annual volatility of 0.0743 TOP. From a start-to-finish perspective, comparing the January average rate of 1.3318 to the December average rate of 1.3508, the exchange rate registered a net change of 1.43% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2019 high of 1.3705 was down 0.11% compared to the 2018 peak of 1.3720, 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 6,853 TOP

2018 Average 6,685 TOP

Yearly Trough Low 6,481 TOP

Transaction Impact: A difference of 371.27 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

1.3692

1.3221

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 1.3348, compared to 1.3559 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0211 points.

H1 Avg (Jan–Jun) 1.3348

H2 Avg (Jul–Dec) 1.3559

Volatility Range Comparison

Volatility

The most volatile month in 2019 was April, with a trading range of 0.0521 TOP (High: 1.3484 / Low: 1.2962). On the other end, March was the most stable month, with a tight range of 0.0087 TOP (High: 1.3333 / Low: 1.3246).

April Spread (Volatile) ±0.0521

March Spread (Stable) ±0.0087

Growth Streaks & Declines

Trends

Between February and May, 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 November and December, when the average rate fell by 0.0101 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0101

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2019: 1.3653) against the same month in 2018 (average: 1.3539), the exchange rate shifted by +0.0114 (+0.84%).

2019 Avg (October) 1.3653

2018 Avg (October) 1.3539

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.3477	1.3210	1.3318
February	1.3339	1.3189	1.3260
March	1.3333	1.3246	1.3288
April	1.3484	1.2962	1.3328
May	1.3506	1.3366	1.3456
June	1.3513	1.3373	1.3439
July	1.3466	1.3312	1.3382
August	1.3670	1.3497	1.3584
September	1.3679	1.3477	1.3618
October	1.3705	1.3584	1.3653
November	1.3638	1.3456	1.3609
December	1.3634	1.3376	1.3508