2016 TOP to NIO Historical Review

YEARLY HIGH

13.3410 NIO

YEARLY LOW

11.9978 NIO

YEARLY AVERAGE

12.7006 NIO

2016 TOP to NIO Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the TOP to NIO exchange rate experienced significant fluctuation. The market reached its absolute peak on November 9, valuing the pair at 13.3410. Conversely, the yearly low was recorded on February 7, dropping to 11.9978.

This high-to-low spread represents a total annual volatility of 1.3432 NIO. From a start-to-finish perspective, comparing the January average rate of 12.3340 to the December average rate of 12.8634, the exchange rate registered a net change of 4.29% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 13.3410 was down 1.31% compared to the 2015 peak of 13.5183, 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 66,705 NIO

2015 Average 63,973 NIO

Yearly Trough Low 59,989 NIO

Transaction Impact: A difference of 6,715.78 NIO purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

13.1419

12.2432

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 12.5342, compared to 12.8670 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.3327 points.

H1 Avg (Jan–Jun) 12.5342

H2 Avg (Jul–Dec) 12.8670

Volatility Range Comparison

Volatility

The most volatile month in 2016 was November, with a trading range of 0.6163 NIO (High: 13.3410 / Low: 12.7247). On the other end, September was the most stable month, with a tight range of 0.1619 NIO (High: 12.9753 / Low: 12.8134).

November Spread (Volatile) ±0.6163

September Spread (Stable) ±0.1619

Growth Streaks & Declines

Trends

Between February and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.1476 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.1476

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2016: 13.0111) against the same month in 2015 (average: 12.3463), the exchange rate shifted by +0.6647 (+5.38%).

2016 Avg (November) 13.0111

2015 Avg (November) 12.3463

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	12.5113	12.0445	12.3340
February	12.5122	11.9978	12.3181
March	12.6291	12.4052	12.5357
April	12.7888	12.5279	12.6467
May	12.8245	12.5100	12.6485
June	12.8866	12.4961	12.7222
July	12.7358	12.4811	12.6226
August	12.8737	12.5982	12.7627
September	12.9753	12.8134	12.8750
October	13.1983	12.8427	13.0670
November	13.3410	12.7247	13.0111
December	13.0921	12.5146	12.8634