2012 TOP to NIO Historical Review

YEARLY HIGH

14.0334 NIO

YEARLY LOW

12.9646 NIO

YEARLY AVERAGE

13.5466 NIO

2012 TOP to NIO Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2012

During 2012, the TOP to NIO exchange rate experienced significant fluctuation. The market reached its absolute peak on November 16, valuing the pair at 14.0334. Conversely, the yearly low was recorded on May 20, dropping to 12.9646.

This high-to-low spread represents a total annual volatility of 1.0688 NIO. From a start-to-finish perspective, comparing the January average rate of 13.2255 to the December average rate of 13.8562, the exchange rate registered a net change of 4.77% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2012 high of 14.0334 was up 0.16% compared to the 2011 peak of 14.0113, 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 70,167 NIO

2011 Average 62,521 NIO

Yearly Trough Low 64,823 NIO

Transaction Impact: A difference of 5,343.78 NIO purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2012.

13.9299

13.0459

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 13.4592, compared to 13.6340 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1749 points.

H1 Avg (Jan–Jun) 13.4592

H2 Avg (Jul–Dec) 13.6340

Volatility Range Comparison

Volatility

The most volatile month in 2012 was May, with a trading range of 0.9379 NIO (High: 13.9026 / Low: 12.9646). On the other end, April was the most stable month, with a tight range of 0.1583 NIO (High: 13.7828 / Low: 13.6246).

May Spread (Volatile) ±0.9379

April Spread (Stable) ±0.1583

Growth Streaks & Declines

Trends

Between June and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.4004 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.4004

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2012: 13.7998) against the same month in 2011 (average: 13.3329), the exchange rate shifted by +0.4669 (+3.50%).

2012 Avg (November) 13.7998

2011 Avg (November) 13.3329

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	13.5404	13.0996	13.2255
February	13.7987	13.5142	13.6615
March	13.8231	13.5740	13.7573
April	13.7828	13.6246	13.6958
May	13.9026	12.9646	13.2954
June	13.1908	13.0153	13.1195
July	13.5464	13.0512	13.2700
August	13.6130	13.4303	13.5254
September	13.9309	13.3805	13.6448
October	13.8394	13.5494	13.7080
November	14.0334	13.4609	13.7998
December	14.0145	13.6190	13.8562