2017 TOP to ETB Historical Review

YEARLY HIGH

12.2468 ETB

YEARLY LOW

9.6266 ETB

YEARLY AVERAGE

10.5802 ETB

2017 TOP to ETB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the TOP to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on October 23, valuing the pair at 12.2468. Conversely, the yearly low was recorded on January 5, dropping to 9.6266.

This high-to-low spread represents a total annual volatility of 2.6202 ETB. From a start-to-finish perspective, comparing the January average rate of 9.8040 to the December average rate of 11.9580, the exchange rate registered a net change of 21.97% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2017 high of 12.2468 was up 19.62% compared to the 2016 peak of 10.2385, 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 61,234 ETB

2016 Average 48,495 ETB

Yearly Trough Low 48,133 ETB

Transaction Impact: A difference of 13,101.17 ETB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

12.2496

9.5817

JanuMarcMayJulySeptNove

TOP to ETB 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 9.9693, compared to 11.1911 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.2218 points.

H1 Avg (Jan–Jun) 9.9693

H2 Avg (Jul–Dec) 11.1911

Volatility Range Comparison

Volatility

The most volatile month in 2017 was October, with a trading range of 1.7961 ETB (High: 12.2468 / Low: 10.4507). On the other end, April was the most stable month, with a tight range of 0.1963 ETB (High: 10.0371 / Low: 9.8407).

October Spread (Volatile) ±1.7961

April Spread (Stable) ±0.1963

Growth Streaks & Declines

Trends

Between May and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0918 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0918

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2017: 11.5596) against the same month in 2016 (average: 9.9893), the exchange rate shifted by +1.5703 (+15.72%).

2017 Avg (October) 11.5596

2016 Avg (October) 9.9893

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	9.9508	9.6266	9.8040
February	10.1538	9.8434	10.0338
March	10.1601	9.8173	9.9420
April	10.0371	9.8407	9.9525
May	10.0423	9.8071	9.9313
June	10.3299	10.0055	10.1520
July	10.5768	10.1822	10.3883
August	10.7128	10.3807	10.5878
September	10.7496	10.5093	10.6254
October	12.2468	10.4507	11.5596
November	12.1447	11.8710	12.0273
December	12.0863	11.7690	11.9580