2010 TOP to NIO Historical Review

YEARLY HIGH

10.8100 NIO

YEARLY LOW

9.5889 NIO

YEARLY AVERAGE

10.1650 NIO

2010 TOP to NIO Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2010

During 2010, the TOP to NIO exchange rate experienced significant fluctuation. The market reached its absolute peak on December 6, valuing the pair at 10.8100. Conversely, the yearly low was recorded on May 23, dropping to 9.5889.

This high-to-low spread represents a total annual volatility of 1.2211 NIO. From a start-to-finish perspective, comparing the January average rate of 10.1653 to the December average rate of 10.5734, the exchange rate registered a net change of 4.01% (reflecting a strengthening trend).

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 TOP based on timing:

Yearly Peak High 54,050 NIO

Yearly Average 50,825 NIO

Yearly Trough Low 47,944 NIO

Transaction Impact: A difference of 6,105.61 NIO purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2010.

10.6686

9.7892

JanuMarcMayJulySeptNove

TOP to NIO 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 10.0308, compared to 10.2993 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2684 points.

H1 Avg (Jan–Jun) 10.0308

H2 Avg (Jul–Dec) 10.2993

Volatility Range Comparison

Volatility

The most volatile month in 2010 was May, with a trading range of 0.5493 NIO (High: 10.1381 / Low: 9.5889). On the other end, April was the most stable month, with a tight range of 0.1845 NIO (High: 10.2132 / Low: 10.0287).

May Spread (Volatile) ±0.5493

April Spread (Stable) ±0.1845

Growth Streaks & Declines

Trends

Between May and August, 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 0.2500 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.2500

Same-Month Historical Baseline

YoY Baseline

Historical data for the previous year (2009) is currently unavailable. Strongest month average for December 2010 is 10.5734.

2010 Avg (December) 10.5734

Baseline Avg N/A

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	10.3647	9.9783	10.1653
February	10.1966	9.8951	10.0567
March	10.3733	9.9824	10.0847
April	10.2132	10.0287	10.1125
May	10.1381	9.5889	9.8624
June	10.1834	9.8336	9.9033
July	10.1566	9.9069	10.0141
August	10.4110	10.0240	10.1302
September	10.2692	10.0152	10.1148
October	10.4571	10.2651	10.3678
November	10.6999	10.2628	10.5953
December	10.8100	10.4891	10.5734