2017 TOP to NIO Historical Review

YEARLY HIGH

13.8884 NIO

YEARLY LOW

12.5820 NIO

YEARLY AVERAGE

13.2421 NIO

2017 TOP to NIO Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the TOP to NIO exchange rate experienced significant fluctuation. The market reached its absolute peak on September 10, valuing the pair at 13.8884. Conversely, the yearly low was recorded on January 8, dropping to 12.5820.

This high-to-low spread represents a total annual volatility of 1.3063 NIO. From a start-to-finish perspective, comparing the January average rate of 12.7756 to the December average rate of 13.4742, the exchange rate registered a net change of 5.47% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2017 high of 13.8884 was up 4.10% compared to the 2016 peak of 13.3410, 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 69,442 NIO

2016 Average 63,507 NIO

Yearly Trough Low 62,910 NIO

Transaction Impact: A difference of 6,531.64 NIO purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

13.7951

12.6829

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 12.9306, compared to 13.5535 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.6229 points.

H1 Avg (Jan–Jun) 12.9306

H2 Avg (Jul–Dec) 13.5535

Volatility Range Comparison

Volatility

The most volatile month in 2017 was August, with a trading range of 0.5303 NIO (High: 13.7964 / Low: 13.2661). On the other end, April was the most stable month, with a tight range of 0.1673 NIO (High: 12.9799 / Low: 12.8126).

August Spread (Volatile) ±0.5303

April Spread (Stable) ±0.1673

Growth Streaks & Declines

Trends

Between May and September, 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 February and March, when the average rate fell by 0.1312 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.1312

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2017: 13.7024) against the same month in 2016 (average: 12.8750), the exchange rate shifted by +0.8275 (+6.43%).

2017 Avg (September) 13.7024

2016 Avg (September) 12.8750

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	12.8918	12.5820	12.7756
February	13.1932	12.7981	13.0616
March	13.1837	12.7419	12.9304
April	12.9799	12.8126	12.8961
May	12.9969	12.6657	12.8354
June	13.2943	12.9332	13.0846
July	13.6244	13.1566	13.4013
August	13.7964	13.2661	13.5737
September	13.8884	13.5626	13.7024
October	13.8164	13.4632	13.6305
November	13.6802	13.3698	13.5389
December	13.6060	13.3515	13.4742