2012 TOP to AZN Historical Review

YEARLY HIGH

0.4691 AZN

YEARLY LOW

0.4351 AZN

YEARLY AVERAGE

0.4521 AZN

2012 TOP to AZN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2012

During 2012, the TOP to AZN exchange rate experienced significant fluctuation. The market reached its absolute peak on May 10, valuing the pair at 0.4691. Conversely, the yearly low was recorded on July 12, dropping to 0.4351.

This high-to-low spread represents a total annual volatility of 0.0340 AZN. From a start-to-finish perspective, comparing the January average rate of 0.4515 to the December average rate of 0.4511, the exchange rate registered a net change of -0.08% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2012 high of 0.4691 was down 3.92% compared to the 2011 peak of 0.4882, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,346 AZN

2011 Average 2,252 AZN

Yearly Trough Low 2,175 AZN

Transaction Impact: A difference of 170.07 AZN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2012.

0.4686

0.4363

JanuMarcMayJulySeptNove

TOP 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 0.4551, compared to 0.4491 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0060 points.

H1 Avg (Jan–Jun) 0.4551

H2 Avg (Jul–Dec) 0.4491

Volatility Range Comparison

Volatility

The most volatile month in 2012 was May, with a trading range of 0.0322 AZN (High: 0.4691 / Low: 0.4369). On the other end, June was the most stable month, with a tight range of 0.0036 AZN (High: 0.4407 / Low: 0.4371).

May Spread (Volatile) ±0.0322

June Spread (Stable) ±0.0036

Growth Streaks & Declines

Trends

Between June and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0141 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0141

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2012: 0.4478) against the same month in 2011 (average: 0.4474), the exchange rate shifted by +0.0004 (+0.09%).

2012 Avg (May) 0.4478

2011 Avg (May) 0.4474

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4614	0.4476	0.4515
February	0.4681	0.4600	0.4645
March	0.4687	0.4600	0.4659
April	0.4661	0.4594	0.4619
May	0.4691	0.4369	0.4478
June	0.4407	0.4371	0.4390
July	0.4504	0.4351	0.4418
August	0.4529	0.4453	0.4486
September	0.4576	0.4444	0.4507
October	0.4558	0.4463	0.4507
November	0.4592	0.4417	0.4518
December	0.4530	0.4449	0.4511