2015 ZAR to TOP Historical Review

YEARLY HIGH

0.1792 TOP

YEARLY LOW

0.1412 TOP

YEARLY AVERAGE

0.1666 TOP

2015 ZAR to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2015

During 2015, the ZAR to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on February 5, valuing the pair at 0.1792. Conversely, the yearly low was recorded on December 11, dropping to 0.1412.

This high-to-low spread represents a total annual volatility of 0.0380 TOP. From a start-to-finish perspective, comparing the January average rate of 0.1714 to the December average rate of 0.1491, the exchange rate registered a net change of -13.00% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2015 high of 0.1792 was down 1.62% compared to the 2014 peak of 0.1821, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 ZAR based on timing:

Yearly Peak High 8,959 TOP

2014 Average 8,704 TOP

Yearly Trough Low 7,062 TOP

Transaction Impact: A difference of 1,897.55 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2015.

0.1761

0.1467

JanuMarcMayJulySeptNove

ZAR to TOP 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 0.1700, compared to 0.1632 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0068 points.

H1 Avg (Jan–Jun) 0.1700

H2 Avg (Jul–Dec) 0.1632

Volatility Range Comparison

Volatility

The most volatile month in 2015 was December, with a trading range of 0.0151 TOP (High: 0.1564 / Low: 0.1412). On the other end, May was the most stable month, with a tight range of 0.0054 TOP (High: 0.1720 / Low: 0.1666).

December Spread (Volatile) ±0.0151

May Spread (Stable) ±0.0054

Growth Streaks & Declines

Trends

Between March and July, 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 August and September, when the average rate fell by 0.0109 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0109

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2015: 0.1733) against the same month in 2014 (average: 0.1705), the exchange rate shifted by +0.0028 (+1.63%).

2015 Avg (February) 0.1733

2014 Avg (February) 0.1705

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1748	0.1683	0.1714
February	0.1792	0.1702	0.1733
March	0.1712	0.1617	0.1670
April	0.1720	0.1660	0.1689
May	0.1720	0.1666	0.1693
June	0.1769	0.1640	0.1698
July	0.1769	0.1702	0.1736
August	0.1758	0.1671	0.1724
September	0.1690	0.1554	0.1615
October	0.1711	0.1598	0.1653
November	0.1607	0.1535	0.1572
December	0.1564	0.1412	0.1491