2019 TOP to AZN Historical Review

YEARLY HIGH

0.7715 AZN

YEARLY LOW

0.7297 AZN

YEARLY AVERAGE

0.7434 AZN

2019 TOP to AZN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the TOP to AZN exchange rate experienced significant fluctuation. The market reached its absolute peak on April 1, valuing the pair at 0.7715. Conversely, the yearly low was recorded on October 2, dropping to 0.7297.

This high-to-low spread represents a total annual volatility of 0.0418 AZN. From a start-to-finish perspective, comparing the January average rate of 0.7509 to the December average rate of 0.7403, the exchange rate registered a net change of -1.41% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2019 high of 0.7715 was up 0.18% compared to the 2018 peak of 0.7701, 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 3,857 AZN

2018 Average 3,740 AZN

Yearly Trough Low 3,648 AZN

Transaction Impact: A difference of 208.99 AZN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

0.7563

0.7303

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 0.7492, compared to 0.7375 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0116 points.

H1 Avg (Jan–Jun) 0.7492

H2 Avg (Jul–Dec) 0.7375

Volatility Range Comparison

Volatility

The most volatile month in 2019 was April, with a trading range of 0.0298 AZN (High: 0.7715 / Low: 0.7416). On the other end, March was the most stable month, with a tight range of 0.0049 AZN (High: 0.7549 / Low: 0.7500).

April Spread (Volatile) ±0.0298

March Spread (Stable) ±0.0049

Growth Streaks & Declines

Trends

Between May and July, 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 July and August, when the average rate fell by 0.0111 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0111

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2019: 0.7503) against the same month in 2018 (average: 0.7654), the exchange rate shifted by -0.0151 (-1.97%).

2019 Avg (April) 0.7503

2018 Avg (April) 0.7654

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.7570	0.7420	0.7509
February	0.7582	0.7497	0.7541
March	0.7549	0.7500	0.7525
April	0.7715	0.7416	0.7503
May	0.7481	0.7404	0.7432
June	0.7478	0.7400	0.7441
July	0.7512	0.7426	0.7473
August	0.7409	0.7315	0.7361
September	0.7420	0.7310	0.7344
October	0.7361	0.7297	0.7324
November	0.7432	0.7332	0.7348
December	0.7476	0.7335	0.7403