2016 TOP to CVE Historical Review

YEARLY HIGH

47.0440 CVE

YEARLY LOW

42.3995 CVE

YEARLY AVERAGE

44.2582 CVE

2016 TOP to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the TOP to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on December 19, valuing the pair at 47.0440. Conversely, the yearly low was recorded on February 7, dropping to 42.3995.

This high-to-low spread represents a total annual volatility of 4.6445 CVE. From a start-to-finish perspective, comparing the January average rate of 44.9921 to the December average rate of 45.9395, the exchange rate registered a net change of 2.11% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 47.0440 was down 9.18% compared to the 2015 peak of 51.7981, 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 235,220 CVE

2015 Average 234,634 CVE

Yearly Trough Low 211,998 CVE

Transaction Impact: A difference of 23,222.37 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

46.2107

42.9561

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 43.8863, compared to 44.6301 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.7438 points.

H1 Avg (Jan–Jun) 43.8863

H2 Avg (Jul–Dec) 44.6301

Volatility Range Comparison

Volatility

The most volatile month in 2016 was December, with a trading range of 2.8903 CVE (High: 47.0440 / Low: 44.1537). On the other end, September was the most stable month, with a tight range of 0.6538 CVE (High: 44.0753 / Low: 43.4215).

December Spread (Volatile) ±2.8903

September Spread (Stable) ±0.6538

Growth Streaks & Declines

Trends

Between August and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 1.3243 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -1.3243

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2016: 45.9395) against the same month in 2015 (average: 45.0887), the exchange rate shifted by +0.8508 (+1.89%).

2016 Avg (December) 45.9395

2015 Avg (December) 45.0887

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	45.9061	44.1256	44.9921
February	44.4946	42.3995	43.6678
March	44.7769	43.4600	44.0310
April	44.4311	43.0828	43.6541
May	43.6042	42.8608	43.2273
June	45.0562	42.7916	43.7456
July	44.3466	43.2176	43.9634
August	44.2247	43.0459	43.5550
September	44.0753	43.4215	43.7344
October	45.8940	43.6568	44.9624
November	46.3273	44.0374	45.6259
December	47.0440	44.1537	45.9395