2016 TOP to BRL Historical Review

YEARLY HIGH

1.8320 BRL

YEARLY LOW

1.3859 BRL

YEARLY AVERAGE

1.5490 BRL

2016 TOP to BRL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the TOP to BRL exchange rate experienced significant fluctuation. The market reached its absolute peak on January 21, valuing the pair at 1.8320. Conversely, the yearly low was recorded on August 10, dropping to 1.3859.

This high-to-low spread represents a total annual volatility of 0.4461 BRL. From a start-to-finish perspective, comparing the January average rate of 1.7922 to the December average rate of 1.4739, the exchange rate registered a net change of -17.76% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2016 high of 1.8320 was down 2.41% compared to the 2015 peak of 1.8772, 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 9,160 BRL

2015 Average 7,837 BRL

Yearly Trough Low 6,930 BRL

Transaction Impact: A difference of 2,230.45 BRL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

1.8294

1.3835

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 1.6445, compared to 1.4536 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1909 points.

H1 Avg (Jan–Jun) 1.6445

H2 Avg (Jul–Dec) 1.4536

Volatility Range Comparison

Volatility

The most volatile month in 2016 was December, with a trading range of 0.1601 BRL (High: 1.5661 / Low: 1.4060). On the other end, September was the most stable month, with a tight range of 0.0478 BRL (High: 1.4747 / Low: 1.4269).

December Spread (Volatile) ±0.1601

September Spread (Stable) ±0.0478

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2016. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.1060 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.1060

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2016: 1.7922) against the same month in 2015 (average: 1.3300), the exchange rate shifted by +0.4622 (+34.76%).

2016 Avg (January) 1.7922

2015 Avg (January) 1.3300

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.8320	1.7430	1.7922
February	1.7811	1.6698	1.7444
March	1.7369	1.5908	1.6384
April	1.6427	1.5431	1.5937
May	1.5903	1.5370	1.5714
June	1.5783	1.4253	1.5268
July	1.4898	1.4223	1.4457
August	1.4512	1.3859	1.4206
September	1.4747	1.4269	1.4468
October	1.4652	1.4084	1.4375
November	1.5394	1.4094	1.4970
December	1.5661	1.4060	1.4739