2018 TOP to ETB Historical Review

YEARLY HIGH

12.5595 ETB

YEARLY LOW

11.7929 ETB

YEARLY AVERAGE

12.1778 ETB

2018 TOP to ETB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the TOP to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on December 21, valuing the pair at 12.5595. Conversely, the yearly low was recorded on July 3, dropping to 11.7929.

This high-to-low spread represents a total annual volatility of 0.7666 ETB. From a start-to-finish perspective, comparing the January average rate of 12.2175 to the December average rate of 12.3828, the exchange rate registered a net change of 1.35% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2018 high of 12.5595 was up 2.55% compared to the 2017 peak of 12.2468, 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 62,797 ETB

2017 Average 52,917 ETB

Yearly Trough Low 58,965 ETB

Transaction Impact: A difference of 3,832.81 ETB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

12.4719

11.8594

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 12.2628, compared to 12.0927 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1701 points.

H1 Avg (Jan–Jun) 12.2628

H2 Avg (Jul–Dec) 12.0927

Volatility Range Comparison

Volatility

The most volatile month in 2018 was May, with a trading range of 0.4442 ETB (High: 12.4176 / Low: 11.9734). On the other end, August was the most stable month, with a tight range of 0.1122 ETB (High: 12.0124 / Low: 11.9001).

May Spread (Volatile) ±0.4442

August Spread (Stable) ±0.1122

Growth Streaks & Declines

Trends

Between July and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.2061 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.2061

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2018: 12.3828) against the same month in 2017 (average: 11.9580), the exchange rate shifted by +0.4248 (+3.55%).

2018 Avg (December) 12.3828

2017 Avg (December) 11.9580

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	12.4564	12.0674	12.2175
February	12.5147	12.3382	12.4209
March	12.4619	12.2478	12.3683
April	12.4710	12.1824	12.3578
May	12.4176	11.9734	12.1517
June	12.1373	11.9599	12.0607
July	12.0160	11.7929	11.9105
August	12.0124	11.9001	11.9625
September	12.1011	11.9175	12.0011
October	12.1951	11.9705	12.0954
November	12.2769	12.0892	12.2041
December	12.5595	12.2362	12.3828