2016 TMT to AZN Historical Review

YEARLY HIGH

1.8017 AZN

YEARLY LOW

1.4858 AZN

YEARLY AVERAGE

1.6041 AZN

2016 TMT to AZN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the TMT to AZN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 1.8017. Conversely, the yearly low was recorded on May 27, dropping to 1.4858.

This high-to-low spread represents a total annual volatility of 0.3159 AZN. From a start-to-finish perspective, comparing the January average rate of 1.5841 to the December average rate of 1.7722, the exchange rate registered a net change of 11.88% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 1.8017 was up 15.34% compared to the 2015 peak of 1.5620, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 9,009 AZN

2015 Average 5,109 AZN

Yearly Trough Low 7,429 AZN

Transaction Impact: A difference of 1,579.56 AZN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

1.7994

1.4733

JanuMarcMayJulySeptNove

TMT to AZN 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 1.5529, compared to 1.6552 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1024 points.

H1 Avg (Jan–Jun) 1.5529

H2 Avg (Jul–Dec) 1.6552

Volatility Range Comparison

Volatility

The most volatile month in 2016 was March, with a trading range of 0.1140 AZN (High: 1.6607 / Low: 1.5467). On the other end, May was the most stable month, with a tight range of 0.0250 AZN (High: 1.5108 / Low: 1.4858).

March Spread (Volatile) ±0.1140

May Spread (Stable) ±0.0250

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 March and April, when the average rate fell by 0.0978 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0978

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2016: 1.7722) against the same month in 2015 (average: 1.1795), the exchange rate shifted by +0.5928 (+50.26%).

2016 Avg (December) 1.7722

2015 Avg (December) 1.1795

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.6239	1.5617	1.5841
February	1.6127	1.5594	1.5811
March	1.6607	1.5467	1.6145
April	1.5287	1.5010	1.5167
May	1.5108	1.4858	1.5005
June	1.5540	1.4880	1.5203
July	1.5965	1.5481	1.5666
August	1.6544	1.5958	1.6245
September	1.6608	1.6261	1.6439
October	1.6534	1.5982	1.6181
November	1.7438	1.6518	1.7061
December	1.8017	1.7461	1.7722