2018 TOP to AZN Historical Review

YEARLY HIGH

0.7701 AZN

YEARLY LOW

0.7289 AZN

YEARLY AVERAGE

0.7482 AZN

2018 TOP to AZN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the TOP to AZN exchange rate experienced significant fluctuation. The market reached its absolute peak on March 19, valuing the pair at 0.7701. Conversely, the yearly low was recorded on July 3, dropping to 0.7289.

This high-to-low spread represents a total annual volatility of 0.0412 AZN. From a start-to-finish perspective, comparing the January average rate of 0.7532 to the December average rate of 0.7477, the exchange rate registered a net change of -0.74% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2018 high of 0.7701 was down 9.74% compared to the 2017 peak of 0.8532, 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 3,851 AZN

2017 Average 3,797 AZN

Yearly Trough Low 3,644 AZN

Transaction Impact: A difference of 206.21 AZN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

0.7684

0.7325

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 0.7568, compared to 0.7396 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0172 points.

H1 Avg (Jan–Jun) 0.7568

H2 Avg (Jul–Dec) 0.7396

Volatility Range Comparison

Volatility

The most volatile month in 2018 was May, with a trading range of 0.0271 AZN (High: 0.7680 / Low: 0.7409). On the other end, September was the most stable month, with a tight range of 0.0000 AZN (High: 0.7368 / Low: 0.7368).

May Spread (Volatile) ±0.0271

September Spread (Stable) ±0.0000

Growth Streaks & Declines

Trends

Between September and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0136 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0136

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2018: 0.7626) against the same month in 2017 (average: 0.7595), the exchange rate shifted by +0.0031 (+0.40%).

2018 Avg (March) 0.7626

2017 Avg (March) 0.7595

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.7684	0.7484	0.7532
February	0.7696	0.7564	0.7629
March	0.7701	0.7568	0.7626
April	0.7701	0.7554	0.7654
May	0.7680	0.7409	0.7518
June	0.7497	0.7383	0.7449
July	0.7385	0.7289	0.7355
August	0.7368	0.7368	0.7368
September	0.7368	0.7368	0.7368
October	0.7402	0.7368	0.7386
November	0.7436	0.7391	0.7421
December	0.7560	0.7423	0.7477