2012 TOP to NGN Historical Review

YEARLY HIGH

94.9495 NGN

YEARLY LOW

88.0956 NGN

YEARLY AVERAGE

91.3665 NGN

2012 TOP to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2012

During 2012, the TOP to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on February 2, valuing the pair at 94.9495. Conversely, the yearly low was recorded on May 17, dropping to 88.0956.

This high-to-low spread represents a total annual volatility of 6.8538 NGN. From a start-to-finish perspective, comparing the January average rate of 92.6625 to the December average rate of 90.3333, the exchange rate registered a net change of -2.51% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2012 high of 94.9495 was down 0.77% compared to the 2011 peak of 95.6903, 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 474,747 NGN

2011 Average 444,948 NGN

Yearly Trough Low 440,478 NGN

Transaction Impact: A difference of 34,269.22 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2012.

94.0200

89.9075

JanuMarcMayJulySeptNove

TOP to NGN 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 92.2117, compared to 90.5214 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.6903 points.

H1 Avg (Jan–Jun) 92.2117

H2 Avg (Jul–Dec) 90.5214

Volatility Range Comparison

Volatility

The most volatile month in 2012 was May, with a trading range of 5.9548 NGN (High: 94.0504 / Low: 88.0956). On the other end, April was the most stable month, with a tight range of 1.4086 NGN (High: 93.4317 / Low: 92.0231).

May Spread (Volatile) ±5.9548

April Spread (Stable) ±1.4086

Growth Streaks & Declines

Trends

Between May and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 2.2753 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -2.2753

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2012: 93.6773) against the same month in 2011 (average: 82.4765), the exchange rate shifted by +11.2008 (+13.58%).

2012 Avg (February) 93.6773

2011 Avg (February) 82.4765

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	94.6195	91.2851	92.6625
February	94.9495	92.0616	93.6773
March	94.2849	92.1100	93.4520
April	93.4317	92.0231	92.5255
May	94.0504	88.0956	90.2502
June	91.4545	89.4320	90.7025
July	92.1338	89.3936	90.7339
August	92.8145	89.2634	90.6841
September	91.8755	88.6922	90.4700
October	91.3292	89.3698	90.2667
November	92.6609	88.3104	90.6402
December	91.2799	89.2334	90.3333