2013 NGN to TOP Historical Review

YEARLY HIGH

0.0118 TOP

YEARLY LOW

0.0109 TOP

YEARLY AVERAGE

0.0112 TOP

2013 NGN to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2013

During 2013, the NGN to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on December 8, valuing the pair at 0.0118. Conversely, the yearly low was recorded on February 27, dropping to 0.0109.

This high-to-low spread represents a total annual volatility of 0.0008 TOP. From a start-to-finish perspective, comparing the January average rate of 0.0111 to the December average rate of 0.0117, the exchange rate registered a net change of 5.51% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2013 high of 0.0118 was up 3.54% compared to the 2012 peak of 0.0114, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 1,000,000 NGN based on timing:

Yearly Peak High 11,753 TOP

2012 Average 10,949 TOP

Yearly Trough Low 10,914 TOP

Transaction Impact: A difference of 839.59 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2013.

0.0117

0.0109

JanuMarcMayJulySeptNove

NGN 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 0.0111, compared to 0.0114 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0004 points.

H1 Avg (Jan–Jun) 0.0111

H2 Avg (Jul–Dec) 0.0114

Volatility Range Comparison

Volatility

The most volatile month in 2013 was June, with a trading range of 0.0006 TOP (High: 0.0115 / Low: 0.0109). On the other end, March was the most stable month, with a tight range of 0.0001 TOP (High: 0.0111 / Low: 0.0109).

June Spread (Volatile) ±0.0006

March Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

Between April and August, 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 August and September, when the average rate fell by 0.0002 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0002

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2013: 0.0117) against the same month in 2012 (average: 0.0111), the exchange rate shifted by +0.0006 (+5.44%).

2013 Avg (December) 0.0117

2012 Avg (December) 0.0111

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0112	0.0110	0.0111
February	0.0111	0.0109	0.0110
March	0.0111	0.0109	0.0110
April	0.0111	0.0109	0.0110
May	0.0112	0.0110	0.0111
June	0.0115	0.0109	0.0112
July	0.0116	0.0114	0.0115
August	0.0116	0.0114	0.0115
September	0.0117	0.0112	0.0113
October	0.0114	0.0111	0.0113
November	0.0117	0.0112	0.0114
December	0.0118	0.0115	0.0117