2015 TOP to CVE Historical Review

YEARLY HIGH

51.7981 CVE

YEARLY LOW

42.7724 CVE

YEARLY AVERAGE

46.9389 CVE

2015 TOP to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2015

During 2015, the TOP to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on March 15, valuing the pair at 51.7981. Conversely, the yearly low was recorded on August 24, dropping to 42.7724.

This high-to-low spread represents a total annual volatility of 9.0257 CVE. From a start-to-finish perspective, comparing the January average rate of 47.7520 to the December average rate of 45.0887, the exchange rate registered a net change of -5.58% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2015 high of 51.7981 was up 12.52% compared to the 2014 peak of 46.0340, 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 258,990 CVE

2014 Average 219,210 CVE

Yearly Trough Low 213,862 CVE

Transaction Impact: A difference of 45,128.64 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2015.

51.0415

43.4476

JanuMarcMayJulySeptNove

TOP to CVE 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 48.7416, compared to 45.1363 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 3.6053 points.

H1 Avg (Jan–Jun) 48.7416

H2 Avg (Jul–Dec) 45.1363

Volatility Range Comparison

Volatility

The most volatile month in 2015 was June, with a trading range of 3.4639 CVE (High: 48.8701 / Low: 45.4062). On the other end, November was the most stable month, with a tight range of 1.3908 CVE (High: 46.6409 / Low: 45.2502).

June Spread (Volatile) ±3.4639

November Spread (Stable) ±1.3908

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 July and August, when the average rate fell by 1.8362 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -1.8362

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2015: 50.4087) against the same month in 2014 (average: 42.7511), the exchange rate shifted by +7.6576 (+17.91%).

2015 Avg (March) 50.4087

2014 Avg (March) 42.7511

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	49.3856	46.2524	47.7520
February	49.2882	47.4118	48.2992
March	51.7981	49.2260	50.4087
April	51.1793	48.9304	50.2691
May	49.9448	47.5112	48.6523
June	48.8701	45.4062	47.0680
July	47.4629	45.1813	46.3752
August	45.5817	42.7724	44.5390
September	45.8183	43.0875	44.5152
October	45.6069	42.9346	44.0805
November	46.6409	45.2502	46.2192
December	46.2768	44.0309	45.0887