2011 TOP to NIO Historical Review

YEARLY HIGH

14.0113 NIO

YEARLY LOW

10.5161 NIO

YEARLY AVERAGE

12.4942 NIO

2011 TOP to NIO Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the TOP to NIO exchange rate experienced significant fluctuation. The market reached its absolute peak on August 10, valuing the pair at 14.0113. Conversely, the yearly low was recorded on January 13, dropping to 10.5161.

This high-to-low spread represents a total annual volatility of 3.4952 NIO. From a start-to-finish perspective, comparing the January average rate of 10.6671 to the December average rate of 13.2102, the exchange rate registered a net change of 23.84% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 14.0113 was up 29.61% compared to the 2010 peak of 10.8100, 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 70,056 NIO

2010 Average 50,829 NIO

Yearly Trough Low 52,580 NIO

Transaction Impact: A difference of 17,476.06 NIO purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

14.0816

10.3567

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 11.5952, compared to 13.3931 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.7979 points.

H1 Avg (Jan–Jun) 11.5952

H2 Avg (Jul–Dec) 13.3931

Volatility Range Comparison

Volatility

The most volatile month in 2011 was April, with a trading range of 1.7554 NIO (High: 12.5024 / Low: 10.7470). On the other end, February was the most stable month, with a tight range of 0.0391 NIO (High: 10.7410 / Low: 10.7019).

April Spread (Volatile) ±1.7554

February Spread (Stable) ±0.0391

Growth Streaks & Declines

Trends

Between January and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.2973 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.2973

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2011: 13.7712) against the same month in 2010 (average: 10.1302), the exchange rate shifted by +3.6410 (+35.94%).

2011 Avg (August) 13.7712

2010 Avg (August) 10.1302

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	10.7186	10.5161	10.6671
February	10.7410	10.7019	10.7296
March	10.8106	10.6873	10.7410
April	12.5024	10.7470	11.9631
May	12.7039	12.5024	12.6178
June	13.0255	12.7832	12.8525
July	13.9458	13.0064	13.3359
August	14.0113	13.6417	13.7712
September	13.8726	13.0299	13.4738
October	13.4701	12.9368	13.2348
November	13.5601	12.8275	13.3329
December	13.4108	13.0877	13.2102