2015 TOP to AZN Historical Review

YEARLY HIGH

0.6992 AZN

YEARLY LOW

0.3864 AZN

YEARLY AVERAGE

0.4812 AZN

2015 TOP to AZN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2015

During 2015, the TOP to AZN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 0.6992. Conversely, the yearly low was recorded on February 3, dropping to 0.3864.

This high-to-low spread represents a total annual volatility of 0.3128 AZN. From a start-to-finish perspective, comparing the January average rate of 0.3956 to the December average rate of 0.5260, the exchange rate registered a net change of 32.96% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2015 high of 0.6992 was up 60.50% compared to the 2014 peak of 0.4357, 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 3,496 AZN

2014 Average 2,079 AZN

Yearly Trough Low 1,932 AZN

Transaction Impact: A difference of 1,564.17 AZN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2015.

0.5390

0.3826

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 0.4788, compared to 0.4836 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0048 points.

H1 Avg (Jan–Jun) 0.4788

H2 Avg (Jul–Dec) 0.4836

Volatility Range Comparison

Volatility

The most volatile month in 2015 was December, with a trading range of 0.2389 AZN (High: 0.6992 / Low: 0.4603). On the other end, May was the most stable month, with a tight range of 0.0020 AZN (High: 0.5186 / Low: 0.5166).

December Spread (Volatile) ±0.2389

May Spread (Stable) ±0.0020

Growth Streaks & Declines

Trends

Between January and March, 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 June and July, when the average rate fell by 0.0162 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0162

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2015: 0.5260) against the same month in 2014 (average: 0.3994), the exchange rate shifted by +0.1266 (+31.70%).

2015 Avg (December) 0.5260

2014 Avg (December) 0.3994

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3976	0.3932	0.3956
February	0.5257	0.3864	0.4184
March	0.5254	0.5137	0.5198
April	0.5212	0.5167	0.5188
May	0.5186	0.5166	0.5179
June	0.5135	0.4851	0.5022
July	0.4937	0.4730	0.4860
August	0.4737	0.4638	0.4725
September	0.4878	0.4634	0.4764
October	0.4735	0.4668	0.4694
November	0.4746	0.4662	0.4711
December	0.6992	0.4603	0.5260