2014 ARS to TOP Historical Review

YEARLY HIGH

0.2856 TOP

YEARLY LOW

0.2197 TOP

YEARLY AVERAGE

0.2333 TOP

2014 ARS to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the ARS to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.2856. Conversely, the yearly low was recorded on August 24, dropping to 0.2197.

This high-to-low spread represents a total annual volatility of 0.0659 TOP. From a start-to-finish perspective, comparing the January average rate of 0.2680 to the December average rate of 0.2298, the exchange rate registered a net change of -14.26% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.2856 was down 19.29% compared to the 2013 peak of 0.3539, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 ARS based on timing:

Yearly Peak High 1,428 TOP

2013 Average 1,643 TOP

Yearly Trough Low 1,098 TOP

Transaction Impact: A difference of 329.74 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.2724

0.2191

JanuMarcMayJulySeptNove

ARS 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 0.2381, compared to 0.2285 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0096 points.

H1 Avg (Jan–Jun) 0.2381

H2 Avg (Jul–Dec) 0.2285

Volatility Range Comparison

Volatility

The most volatile month in 2014 was January, with a trading range of 0.0526 TOP (High: 0.2856 / Low: 0.2331). On the other end, October was the most stable month, with a tight range of 0.0038 TOP (High: 0.2332 / Low: 0.2294).

January Spread (Volatile) ±0.0526

October Spread (Stable) ±0.0038

Growth Streaks & Declines

Trends

Between August and November, 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 January and February, when the average rate fell by 0.0300 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0300

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2014: 0.2680) against the same month in 2013 (average: 0.3507), the exchange rate shifted by -0.0827 (-23.58%).

2014 Avg (January) 0.2680

2013 Avg (January) 0.3507

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2856	0.2331	0.2680
February	0.2406	0.2348	0.2380
March	0.2370	0.2291	0.2343
April	0.2326	0.2251	0.2289
May	0.2318	0.2271	0.2306
June	0.2315	0.2270	0.2287
July	0.2272	0.2208	0.2260
August	0.2280	0.2197	0.2235
September	0.2314	0.2200	0.2264
October	0.2332	0.2294	0.2313
November	0.2360	0.2300	0.2337
December	0.2326	0.2279	0.2298