2011 NIO to TOP Historical Review

YEARLY HIGH

0.0951 TOP

YEARLY LOW

0.0714 TOP

YEARLY AVERAGE

0.0808 TOP

2011 NIO to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the NIO to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on January 13, valuing the pair at 0.0951. Conversely, the yearly low was recorded on August 10, dropping to 0.0714.

This high-to-low spread represents a total annual volatility of 0.0237 TOP. From a start-to-finish perspective, comparing the January average rate of 0.0937 to the December average rate of 0.0757, the exchange rate registered a net change of -19.25% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.0951 was down 8.82% compared to the 2010 peak of 0.1043, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 475 TOP

2010 Average 492 TOP

Yearly Trough Low 357 TOP

Transaction Impact: A difference of 118.61 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.0959

0.0705

JanuMarcMayJulySeptNove

NIO 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 0.0868, compared to 0.0747 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0121 points.

H1 Avg (Jan–Jun) 0.0868

H2 Avg (Jul–Dec) 0.0747

Volatility Range Comparison

Volatility

The most volatile month in 2011 was April, with a trading range of 0.0131 TOP (High: 0.0930 / Low: 0.0800). On the other end, February was the most stable month, with a tight range of 0.0003 TOP (High: 0.0934 / Low: 0.0931).

April Spread (Volatile) ±0.0131

February Spread (Stable) ±0.0003

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 March and April, when the average rate fell by 0.0094 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0094

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2011: 0.0937) against the same month in 2010 (average: 0.0984), the exchange rate shifted by -0.0046 (-4.71%).

2011 Avg (January) 0.0937

2010 Avg (January) 0.0984

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0951	0.0933	0.0937
February	0.0934	0.0931	0.0932
March	0.0936	0.0925	0.0931
April	0.0930	0.0800	0.0837
May	0.0800	0.0787	0.0793
June	0.0782	0.0768	0.0778
July	0.0769	0.0717	0.0750
August	0.0733	0.0714	0.0726
September	0.0767	0.0721	0.0742
October	0.0773	0.0742	0.0756
November	0.0780	0.0737	0.0750
December	0.0764	0.0746	0.0757