2016 BND to TOP Historical Review

YEARLY HIGH

1.7004 TOP

YEARLY LOW

1.5522 TOP

YEARLY AVERAGE

1.6318 TOP

2016 BND to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the BND to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on July 31, valuing the pair at 1.7004. Conversely, the yearly low was recorded on January 8, dropping to 1.5522.

This high-to-low spread represents a total annual volatility of 0.1482 TOP. From a start-to-finish perspective, comparing the January average rate of 1.5760 to the December average rate of 1.5859, the exchange rate registered a net change of 0.63% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 1.7004 was up 4.73% compared to the 2015 peak of 1.6235, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 8,502 TOP

2015 Average 7,711 TOP

Yearly Trough Low 7,761 TOP

Transaction Impact: A difference of 740.78 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

1.6881

1.5658

JanuMarcMayJulySeptNove

BND 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 1.6319, compared to 1.6316 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0004 points.

H1 Avg (Jan–Jun) 1.6319

H2 Avg (Jul–Dec) 1.6316

Volatility Range Comparison

Volatility

The most volatile month in 2016 was November, with a trading range of 0.0758 TOP (High: 1.6325 / Low: 1.5567). On the other end, September was the most stable month, with a tight range of 0.0205 TOP (High: 1.6658 / Low: 1.6453).

November Spread (Volatile) ±0.0758

September Spread (Stable) ±0.0205

Growth Streaks & Declines

Trends

Between January and April, 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 September and October, when the average rate fell by 0.0474 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0474

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2016: 1.6779) against the same month in 2015 (average: 1.5886), the exchange rate shifted by +0.0893 (+5.62%).

2016 Avg (July) 1.6779

2015 Avg (July) 1.5886

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.6113	1.5522	1.5760
February	1.6662	1.5995	1.6209
March	1.6580	1.6188	1.6429
April	1.6643	1.6343	1.6510
May	1.6637	1.6338	1.6443
June	1.6778	1.6396	1.6565
July	1.7004	1.6661	1.6779
August	1.6907	1.6510	1.6762
September	1.6658	1.6453	1.6548
October	1.6555	1.5833	1.6074
November	1.6325	1.5567	1.5872
December	1.6090	1.5557	1.5859