2016 ZAR to TOP Historical Review

YEARLY HIGH

0.1699 TOP

YEARLY LOW

0.1330 TOP

YEARLY AVERAGE

0.1536 TOP

2016 ZAR to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the ZAR to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on November 8, valuing the pair at 0.1699. Conversely, the yearly low was recorded on January 17, dropping to 0.1330.

This high-to-low spread represents a total annual volatility of 0.0369 TOP. From a start-to-finish perspective, comparing the January average rate of 0.1386 to the December average rate of 0.1643, the exchange rate registered a net change of 18.53% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 0.1699 was down 5.20% compared to the 2015 peak of 0.1792, 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 8,494 TOP

2015 Average 8,327 TOP

Yearly Trough Low 6,649 TOP

Transaction Impact: A difference of 1,844.53 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

0.1669

0.1361

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 0.1464, compared to 0.1609 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0145 points.

H1 Avg (Jan–Jun) 0.1464

H2 Avg (Jul–Dec) 0.1609

Volatility Range Comparison

Volatility

The most volatile month in 2016 was August, with a trading range of 0.0150 TOP (High: 0.1694 / Low: 0.1543). On the other end, March was the most stable month, with a tight range of 0.0083 TOP (High: 0.1513 / Low: 0.1430).

August Spread (Volatile) ±0.0150

March Spread (Stable) ±0.0083

Growth Streaks & Declines

Trends

Between January and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0054 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0054

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2016: 0.1602) against the same month in 2015 (average: 0.1572), the exchange rate shifted by +0.0031 (+1.94%).

2016 Avg (November) 0.1602

2015 Avg (November) 0.1572

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1445	0.1330	0.1386
February	0.1497	0.1391	0.1441
March	0.1513	0.1430	0.1467
April	0.1568	0.1472	0.1526
May	0.1572	0.1438	0.1472
June	0.1540	0.1449	0.1489
July	0.1644	0.1522	0.1574
August	0.1694	0.1543	0.1641
September	0.1666	0.1541	0.1598
October	0.1643	0.1551	0.1596
November	0.1699	0.1549	0.1602
December	0.1696	0.1597	0.1643