2012 TOP to DJF Historical Review

YEARLY HIGH

106.8990 DJF

YEARLY LOW

98.5062 DJF

YEARLY AVERAGE

102.6173 DJF

2012 TOP to DJF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2012

During 2012, the TOP to DJF exchange rate experienced significant fluctuation. The market reached its absolute peak on March 8, valuing the pair at 106.8990. Conversely, the yearly low was recorded on July 13, dropping to 98.5062.

This high-to-low spread represents a total annual volatility of 8.3927 DJF. From a start-to-finish perspective, comparing the January average rate of 102.4150 to the December average rate of 102.1759, the exchange rate registered a net change of -0.23% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2012 high of 106.8990 was down 3.22% compared to the 2011 peak of 110.4502, 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 534,495 DJF

2011 Average 507,256 DJF

Yearly Trough Low 492,531 DJF

Transaction Impact: A difference of 41,963.61 DJF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2012.

106.4970

99.4002

JanuMarcMayJulySeptNove

TOP to DJF 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 103.4738, compared to 101.7608 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.7130 points.

H1 Avg (Jan–Jun) 103.4738

H2 Avg (Jul–Dec) 101.7608

Volatility Range Comparison

Volatility

The most volatile month in 2012 was May, with a trading range of 7.2818 DJF (High: 106.6921 / Low: 99.4104). On the other end, June was the most stable month, with a tight range of 1.5177 DJF (High: 100.9135 / Low: 99.3958).

May Spread (Volatile) ±7.2818

June Spread (Stable) ±1.5177

Growth Streaks & Declines

Trends

Between June and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 3.1454 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -3.1454

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2012: 105.9056) against the same month in 2011 (average: 95.7703), the exchange rate shifted by +10.1353 (+10.58%).

2012 Avg (March) 105.9056

2011 Avg (March) 95.7703

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	104.5730	101.4299	102.4150
February	106.3589	104.5277	105.4119
March	106.8990	104.4845	105.9056
April	105.9036	104.1224	105.1320
May	106.6921	99.4104	101.9867
June	100.9135	99.3958	99.9916
July	101.8802	98.5062	100.0671
August	102.2638	100.6745	101.6488
September	103.8966	100.5354	102.1764
October	103.1545	101.0266	102.1181
November	104.2673	99.8679	102.3784
December	102.9475	100.7127	102.1759