2016 TOP to KES Historical Review

YEARLY HIGH

46.6543 KES

YEARLY LOW

43.7048 KES

YEARLY AVERAGE

45.0828 KES

2016 TOP to KES Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the TOP to KES exchange rate experienced significant fluctuation. The market reached its absolute peak on November 9, valuing the pair at 46.6543. Conversely, the yearly low was recorded on February 7, dropping to 43.7048.

This high-to-low spread represents a total annual volatility of 2.9495 KES. From a start-to-finish perspective, comparing the January average rate of 45.3774 to the December average rate of 44.8608, the exchange rate registered a net change of -1.14% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2016 high of 46.6543 was down 4.69% compared to the 2015 peak of 48.9518, 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 233,272 KES

2015 Average 231,668 KES

Yearly Trough Low 218,524 KES

Transaction Impact: A difference of 14,747.61 KES purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

45.6837

44.6412

JanuMarcMayJulySeptNove

TOP to KES 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 45.0741, compared to 45.0914 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0173 points.

H1 Avg (Jan–Jun) 45.0741

H2 Avg (Jul–Dec) 45.0914

Volatility Range Comparison

Volatility

The most volatile month in 2016 was November, with a trading range of 2.1699 KES (High: 46.6543 / Low: 44.4844). On the other end, September was the most stable month, with a tight range of 0.4358 KES (High: 45.2570 / Low: 44.8211).

November Spread (Volatile) ±2.1699

September Spread (Stable) ±0.4358

Growth Streaks & Declines

Trends

Between July and October, 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 0.6829 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.6829

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2016: 45.4506) against the same month in 2015 (average: 45.9514), the exchange rate shifted by -0.5007 (-1.09%).

2016 Avg (November) 45.4506

2015 Avg (November) 45.9514

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	45.9537	44.5158	45.3774
February	45.4662	43.7048	44.7978
March	45.3957	44.6774	45.0306
April	45.8102	45.1238	45.4286
May	45.4299	44.2345	44.7457
June	45.6629	44.1716	45.0645
July	45.1595	44.1619	44.7280
August	45.1615	44.6384	44.8953
September	45.2570	44.8211	45.0170
October	45.9961	44.9450	45.5969
November	46.6543	44.4844	45.4506
December	45.5040	43.9813	44.8608