2016 NZD to TOP Historical Review

YEARLY HIGH

1.6736 TOP

YEARLY LOW

1.4433 TOP

YEARLY AVERAGE

1.5697 TOP

2016 NZD to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the NZD to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on September 7, valuing the pair at 1.6736. Conversely, the yearly low was recorded on January 17, dropping to 1.4433.

This high-to-low spread represents a total annual volatility of 0.2303 TOP. From a start-to-finish perspective, comparing the January average rate of 1.4764 to the December average rate of 1.6001, the exchange rate registered a net change of 8.38% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 1.6736 was up 6.86% compared to the 2015 peak of 1.5662, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 8,368 TOP

2015 Average 7,401 TOP

Yearly Trough Low 7,217 TOP

Transaction Impact: A difference of 1,151.47 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

1.6595

1.4598

JanuMarcMayJulySeptNove

NZD 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 1.5256, compared to 1.6137 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0881 points.

H1 Avg (Jan–Jun) 1.5256

H2 Avg (Jul–Dec) 1.6137

Volatility Range Comparison

Volatility

The most volatile month in 2016 was November, with a trading range of 0.0942 TOP (High: 1.6619 / Low: 1.5677). On the other end, August was the most stable month, with a tight range of 0.0411 TOP (High: 1.6530 / Low: 1.6118).

November Spread (Volatile) ±0.0942

August Spread (Stable) ±0.0411

Growth Streaks & Declines

Trends

Between May and September, 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 September and October, when the average rate fell by 0.0516 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0516

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2016: 1.6428) against the same month in 2015 (average: 1.3974), the exchange rate shifted by +0.2454 (+17.56%).

2016 Avg (September) 1.6428

2015 Avg (September) 1.3974

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.5301	1.4433	1.4764
February	1.5487	1.4864	1.5105
March	1.5481	1.4950	1.5203
April	1.5683	1.5148	1.5354
May	1.5639	1.5192	1.5300
June	1.6152	1.5525	1.5811
July	1.6475	1.5830	1.6171
August	1.6530	1.6118	1.6319
September	1.6736	1.6188	1.6428
October	1.6397	1.5614	1.5912
November	1.6619	1.5677	1.5992
December	1.6439	1.5663	1.6001