2016 TOP to NZD Historical Review

YEARLY HIGH

0.6928 NZD

YEARLY LOW

0.5975 NZD

YEARLY AVERAGE

0.6378 NZD

2016 TOP to NZD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the TOP to NZD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 17, valuing the pair at 0.6928. Conversely, the yearly low was recorded on September 7, dropping to 0.5975.

This high-to-low spread represents a total annual volatility of 0.0953 NZD. From a start-to-finish perspective, comparing the January average rate of 0.6775 to the December average rate of 0.6250, the exchange rate registered a net change of -7.74% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2016 high of 0.6928 was down 5.81% compared to the 2015 peak of 0.7356, 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 3,464 NZD

2015 Average 3,381 NZD

Yearly Trough Low 2,988 NZD

Transaction Impact: A difference of 476.68 NZD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

0.6844

0.6019

JanuMarcMayJulySeptNove

TOP to NZD 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 0.6558, compared to 0.6198 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0360 points.

H1 Avg (Jan–Jun) 0.6558

H2 Avg (Jul–Dec) 0.6198

Volatility Range Comparison

Volatility

The most volatile month in 2016 was January, with a trading range of 0.0393 NZD (High: 0.6928 / Low: 0.6536). On the other end, August was the most stable month, with a tight range of 0.0154 NZD (High: 0.6204 / Low: 0.6050).

January Spread (Volatile) ±0.0393

August Spread (Stable) ±0.0154

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2016. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0211 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0211

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2016: 0.6775) against the same month in 2015 (average: 0.6614), the exchange rate shifted by +0.0161 (+2.44%).

2016 Avg (January) 0.6775

2015 Avg (January) 0.6614

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6928	0.6536	0.6775
February	0.6727	0.6457	0.6621
March	0.6689	0.6459	0.6578
April	0.6601	0.6376	0.6513
May	0.6582	0.6394	0.6536
June	0.6441	0.6191	0.6325
July	0.6317	0.6070	0.6185
August	0.6204	0.6050	0.6128
September	0.6178	0.5975	0.6087
October	0.6405	0.6099	0.6285
November	0.6379	0.6017	0.6254
December	0.6384	0.6083	0.6250