2012 TOP to MRO Historical Review

YEARLY HIGH

175.7461 MRO

YEARLY LOW

160.9174 MRO

YEARLY AVERAGE

169.7955 MRO

2012 TOP to MRO Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2012

During 2012, the TOP to MRO exchange rate experienced significant fluctuation. The market reached its absolute peak on March 6, valuing the pair at 175.7461. Conversely, the yearly low was recorded on June 3, dropping to 160.9174.

This high-to-low spread represents a total annual volatility of 14.8287 MRO. From a start-to-finish perspective, comparing the January average rate of 165.5963 to the December average rate of 171.6492, the exchange rate registered a net change of 3.66% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2012 high of 175.7461 was up 0.26% compared to the 2011 peak of 175.2909, 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 878,731 MRO

2011 Average 798,222 MRO

Yearly Trough Low 804,587 MRO

Transaction Impact: A difference of 74,143.70 MRO purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2012.

174.3596

162.2418

JanuMarcMayJulySeptNove

TOP to MRO 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 168.4045, compared to 171.1865 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 2.7820 points.

H1 Avg (Jan–Jun) 168.4045

H2 Avg (Jul–Dec) 171.1865

Volatility Range Comparison

Volatility

The most volatile month in 2012 was May, with a trading range of 12.7728 MRO (High: 173.7660 / Low: 160.9932). On the other end, August was the most stable month, with a tight range of 3.0805 MRO (High: 173.5224 / Low: 170.4419).

May Spread (Volatile) ±12.7728

August Spread (Stable) ±3.0805

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 4.5828 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -4.5828

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2012: 173.3498) against the same month in 2011 (average: 152.0835), the exchange rate shifted by +21.2663 (+13.98%).

2012 Avg (March) 173.3498

2011 Avg (March) 152.0835

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	170.1195	163.0649	165.5963
February	175.0074	169.2144	171.8924
March	175.7461	171.4552	173.3498
April	172.8315	168.8178	170.4600
May	173.7660	160.9932	165.8772
June	164.9193	160.9174	163.2516
July	172.3341	161.5025	166.4142
August	173.5224	170.4419	172.1738
September	175.6519	169.4474	172.7763
October	174.8926	170.8095	172.5990
November	174.4376	167.0705	171.5066
December	174.2122	168.8729	171.6492