2014 BAM to TOP Historical Review

YEARLY HIGH

1.3238 TOP

YEARLY LOW

1.2198 TOP

YEARLY AVERAGE

1.2804 TOP

2014 BAM to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the BAM to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on March 17, valuing the pair at 1.3238. Conversely, the yearly low was recorded on December 29, dropping to 1.2198.

This high-to-low spread represents a total annual volatility of 0.1041 TOP. From a start-to-finish perspective, comparing the January average rate of 1.2963 to the December average rate of 1.2352, the exchange rate registered a net change of -4.71% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 1.3238 was up 1.14% compared to the 2013 peak of 1.3089, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 6,619 TOP

2013 Average 6,083 TOP

Yearly Trough Low 6,099 TOP

Transaction Impact: A difference of 520.29 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

1.3190

1.2276

JanuMarcMayJulySeptNove

BAM 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 1.2995, compared to 1.2613 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0382 points.

H1 Avg (Jan–Jun) 1.2995

H2 Avg (Jul–Dec) 1.2613

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 0.0440 TOP (High: 1.2685 / Low: 1.2244). On the other end, February was the most stable month, with a tight range of 0.0194 TOP (High: 1.3130 / Low: 1.2936).

September Spread (Volatile) ±0.0440

February Spread (Stable) ±0.0194

Growth Streaks & Declines

Trends

Between January and March, 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 November and December, when the average rate fell by 0.0327 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0327

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2014: 1.3114) against the same month in 2013 (average: 1.1579), the exchange rate shifted by +0.1535 (+13.26%).

2014 Avg (March) 1.3114

2013 Avg (March) 1.1579

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.3092	1.2849	1.2963
February	1.3130	1.2936	1.3050
March	1.3238	1.2861	1.3114
April	1.3170	1.2771	1.2924
May	1.3163	1.2872	1.3007
June	1.3044	1.2822	1.2914
July	1.2879	1.2515	1.2753
August	1.2881	1.2449	1.2645
September	1.2685	1.2244	1.2552
October	1.2911	1.2488	1.2698
November	1.2788	1.2455	1.2679
December	1.2583	1.2198	1.2352