2015 TOP to BRL Historical Review

YEARLY HIGH

1.8772 BRL

YEARLY LOW

1.2941 BRL

YEARLY AVERAGE

1.5667 BRL

2015 TOP to BRL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2015

During 2015, the TOP to BRL exchange rate experienced significant fluctuation. The market reached its absolute peak on September 23, valuing the pair at 1.8772. Conversely, the yearly low was recorded on January 24, dropping to 1.2941.

This high-to-low spread represents a total annual volatility of 0.5831 BRL. From a start-to-finish perspective, comparing the January average rate of 1.3300 to the December average rate of 1.7303, the exchange rate registered a net change of 30.10% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2015 high of 1.8772 was up 35.43% compared to the 2014 peak of 1.3861, 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 9,386 BRL

2014 Average 6,230 BRL

Yearly Trough Low 6,470 BRL

Transaction Impact: A difference of 2,915.52 BRL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2015.

1.8119

1.2862

JanuMarcMayJulySeptNove

TOP to BRL 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 1.4658, compared to 1.6675 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2017 points.

H1 Avg (Jan–Jun) 1.4658

H2 Avg (Jul–Dec) 1.6675

Volatility Range Comparison

Volatility

The most volatile month in 2015 was September, with a trading range of 0.2522 BRL (High: 1.8772 / Low: 1.6250). On the other end, January was the most stable month, with a tight range of 0.0777 BRL (High: 1.3718 / Low: 1.2941).

September Spread (Volatile) ±0.2522

January Spread (Stable) ±0.0777

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 March and April, when the average rate fell by 0.0552 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0552

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2015: 1.7681) against the same month in 2014 (average: 1.2251), the exchange rate shifted by +0.5430 (+44.33%).

2015 Avg (September) 1.7681

2014 Avg (September) 1.2251

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.3718	1.2941	1.3300
February	1.4527	1.3286	1.4022
March	1.6141	1.4239	1.5596
April	1.5682	1.4456	1.5043
May	1.5694	1.4688	1.5074
June	1.5425	1.4421	1.4914
July	1.5472	1.4333	1.4884
August	1.6189	1.5380	1.5774
September	1.8772	1.6250	1.7681
October	1.7915	1.6808	1.7379
November	1.7487	1.6575	1.7029
December	1.7884	1.6703	1.7303