2016 TOP to SZL Historical Review

YEARLY HIGH

7.5025 SZL

YEARLY LOW

5.8988 SZL

YEARLY AVERAGE

6.5305 SZL

2016 TOP to SZL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the TOP to SZL exchange rate experienced significant fluctuation. The market reached its absolute peak on January 17, valuing the pair at 7.5025. Conversely, the yearly low was recorded on August 10, dropping to 5.8988.

This high-to-low spread represents a total annual volatility of 1.6037 SZL. From a start-to-finish perspective, comparing the January average rate of 7.2152 to the December average rate of 6.0939, the exchange rate registered a net change of -15.54% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2016 high of 7.5025 was up 6.33% compared to the 2015 peak of 7.0559, 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 37,513 SZL

2015 Average 30,088 SZL

Yearly Trough Low 29,494 SZL

Transaction Impact: A difference of 8,018.59 SZL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

7.3280

5.9745

JanuMarcMayJulySeptNove

TOP to SZL 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 6.8416, compared to 6.2193 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.6223 points.

H1 Avg (Jan–Jun) 6.8416

H2 Avg (Jul–Dec) 6.2193

Volatility Range Comparison

Volatility

The most volatile month in 2016 was May, with a trading range of 0.5929 SZL (High: 6.9513 / Low: 6.3584). On the other end, October was the most stable month, with a tight range of 0.3487 SZL (High: 6.4419 / Low: 6.0933).

May Spread (Volatile) ±0.5929

October Spread (Stable) ±0.3487

Growth Streaks & Declines

Trends

Between August and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.3606 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.3606

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2016: 7.2152) against the same month in 2015 (average: 5.8372), the exchange rate shifted by +1.3780 (+23.61%).

2016 Avg (January) 7.2152

2015 Avg (January) 5.8372

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	7.5025	6.9322	7.2152
February	7.1839	6.6906	6.9434
March	6.9905	6.6264	6.8200
April	6.7916	6.3700	6.5568
May	6.9513	6.3584	6.7957
June	6.8811	6.4987	6.7186
July	6.5685	6.1064	6.3580
August	6.3879	5.8988	6.0873
September	6.5004	6.0196	6.2600
October	6.4419	6.0933	6.2704
November	6.4519	5.9092	6.2461
December	6.2681	5.9082	6.0939