2016 TOP to CDF Historical Review

YEARLY HIGH

520.8396 CDF

YEARLY LOW

397.5052 CDF

YEARLY AVERAGE

429.7882 CDF

2016 TOP to CDF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the TOP to CDF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 10, valuing the pair at 520.8396. Conversely, the yearly low was recorded on February 7, dropping to 397.5052.

This high-to-low spread represents a total annual volatility of 123.3343 CDF. From a start-to-finish perspective, comparing the January average rate of 410.9120 to the December average rate of 511.3921, the exchange rate registered a net change of 24.45% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 520.8396 was up 10.63% compared to the 2015 peak of 470.7907, 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 2,604,198 CDF

2015 Average 2,189,134 CDF

Yearly Trough Low 1,987,526 CDF

Transaction Impact: A difference of 616,671.73 CDF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

521.7447

397.5138

JanuMarcMayJulySeptNove

TOP to CDF 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 412.8872, compared to 446.6892 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 33.8020 points.

H1 Avg (Jan–Jun) 412.8872

H2 Avg (Jul–Dec) 446.6892

Volatility Range Comparison

Volatility

The most volatile month in 2016 was November, with a trading range of 98.4602 CDF (High: 507.8038 / Low: 409.3436). On the other end, September was the most stable month, with a tight range of 6.0947 CDF (High: 437.8059 / Low: 431.7113).

November Spread (Volatile) ±98.4602

September Spread (Stable) ±6.0947

Growth Streaks & Declines

Trends

Between May and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 4.3266 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -4.3266

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2016: 511.3921) against the same month in 2015 (average: 413.1982), the exchange rate shifted by +98.1939 (+23.76%).

2016 Avg (December) 511.3921

2015 Avg (December) 413.1982

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	415.2296	403.5796	410.9120
February	414.1516	397.5052	407.8663
March	414.7382	406.4319	411.4110
April	420.2133	412.8095	416.3989
May	417.4688	406.5640	412.0724
June	433.5929	406.0102	418.6629
July	427.3588	414.9726	420.1589
August	436.3616	427.8570	432.4498
September	437.8059	431.7113	434.0898
October	442.8925	431.8019	437.1133
November	507.8038	409.3436	444.9315
December	520.8396	502.3522	511.3921