2018 BND to TOP Historical Review

YEARLY HIGH

1.7283 TOP

YEARLY LOW

1.4289 TOP

YEARLY AVERAGE

1.6197 TOP

2018 BND to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the BND to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on May 17, valuing the pair at 1.7283. Conversely, the yearly low was recorded on December 15, dropping to 1.4289.

This high-to-low spread represents a total annual volatility of 0.2994 TOP. From a start-to-finish perspective, comparing the January average rate of 1.7001 to the December average rate of 1.4517, the exchange rate registered a net change of -14.61% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2018 high of 1.7283 was up 1.00% compared to the 2017 peak of 1.7111, 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 8,641 TOP

2017 Average 8,207 TOP

Yearly Trough Low 7,144 TOP

Transaction Impact: A difference of 1,496.86 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

1.7250

1.4268

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 1.6717, compared to 1.5678 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1039 points.

H1 Avg (Jan–Jun) 1.6717

H2 Avg (Jul–Dec) 1.5678

Volatility Range Comparison

Volatility

The most volatile month in 2018 was December, with a trading range of 0.2333 TOP (High: 1.6622 / Low: 1.4289). On the other end, February was the most stable month, with a tight range of 0.0302 TOP (High: 1.6966 / Low: 1.6663).

December Spread (Volatile) ±0.2333

February Spread (Stable) ±0.0302

Growth Streaks & Declines

Trends

Between August and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.1318 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.1318

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2018: 1.6767) against the same month in 2017 (average: 1.6611), the exchange rate shifted by +0.0156 (+0.94%).

2018 Avg (May) 1.6767

2017 Avg (May) 1.6611

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.7210	1.6867	1.7001
February	1.6966	1.6663	1.6775
March	1.7049	1.6710	1.6903
April	1.7041	1.6688	1.6890
May	1.7283	1.5275	1.6767
June	1.7193	1.5054	1.5964
July	1.7262	1.5281	1.6354
August	1.6938	1.5290	1.5347
September	1.6954	1.5291	1.5647
October	1.6733	1.6263	1.6367
November	1.6778	1.4528	1.5835
December	1.6622	1.4289	1.4517