2016 TOP to AZN Historical Review

YEARLY HIGH

0.7888 AZN

YEARLY LOW

0.6517 AZN

YEARLY AVERAGE

0.7123 AZN

2016 TOP to AZN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the TOP to AZN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 19, valuing the pair at 0.7888. Conversely, the yearly low was recorded on June 1, dropping to 0.6517.

This high-to-low spread represents a total annual volatility of 0.1371 AZN. From a start-to-finish perspective, comparing the January average rate of 0.7022 to the December average rate of 0.7780, the exchange rate registered a net change of 10.79% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 0.7888 was up 12.81% compared to the 2015 peak of 0.6992, 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 3,944 AZN

2015 Average 2,408 AZN

Yearly Trough Low 3,258 AZN

Transaction Impact: A difference of 685.49 AZN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

0.7891

0.6553

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 0.6897, compared to 0.7350 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0453 points.

H1 Avg (Jan–Jun) 0.6897

H2 Avg (Jul–Dec) 0.7350

Volatility Range Comparison

Volatility

The most volatile month in 2016 was March, with a trading range of 0.0504 AZN (High: 0.7369 / Low: 0.6864). On the other end, April was the most stable month, with a tight range of 0.0107 AZN (High: 0.6848 / Low: 0.6740).

March Spread (Volatile) ±0.0504

April Spread (Stable) ±0.0107

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 0.0361 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0361

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2016: 0.7780) against the same month in 2015 (average: 0.5260), the exchange rate shifted by +0.2520 (+47.90%).

2016 Avg (December) 0.7780

2015 Avg (December) 0.5260

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.7100	0.6962	0.7022
February	0.7151	0.6841	0.6947
March	0.7369	0.6864	0.7166
April	0.6848	0.6740	0.6805
May	0.6801	0.6520	0.6664
June	0.6996	0.6517	0.6775
July	0.6985	0.6874	0.6917
August	0.7324	0.7048	0.7192
September	0.7395	0.7226	0.7309
October	0.7448	0.7175	0.7282
November	0.7755	0.7320	0.7620
December	0.7888	0.7680	0.7780