2013 BND to TOP Historical Review

YEARLY HIGH

1.4910 TOP

YEARLY LOW

1.3788 TOP

YEARLY AVERAGE

1.4322 TOP

2013 BND to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2013

During 2013, the BND to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on September 3, valuing the pair at 1.4910. Conversely, the yearly low was recorded on June 2, dropping to 1.3788.

This high-to-low spread represents a total annual volatility of 0.1122 TOP. From a start-to-finish perspective, comparing the January average rate of 1.4138 to the December average rate of 1.4748, the exchange rate registered a net change of 4.32% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2013 high of 1.4910 was up 2.33% compared to the 2012 peak of 1.4570, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 7,455 TOP

2012 Average 6,959 TOP

Yearly Trough Low 6,894 TOP

Transaction Impact: A difference of 561.04 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2013.

1.4827

1.3877

JanuMarcMayJulySeptNove

BND 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 1.4065, compared to 1.4578 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0513 points.

H1 Avg (Jan–Jun) 1.4065

H2 Avg (Jul–Dec) 1.4578

Volatility Range Comparison

Volatility

The most volatile month in 2013 was June, with a trading range of 0.0869 TOP (High: 1.4657 / Low: 1.3788). On the other end, February was the most stable month, with a tight range of 0.0177 TOP (High: 1.4056 / Low: 1.3879).

June Spread (Volatile) ±0.0869

February Spread (Stable) ±0.0177

Growth Streaks & Declines

Trends

Between February and April, 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 January and February, when the average rate fell by 0.0181 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0181

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2013: 1.4550) against the same month in 2012 (average: 1.4157), the exchange rate shifted by +0.0393 (+2.78%).

2013 Avg (September) 1.4550

2012 Avg (September) 1.4157

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.4293	1.3958	1.4138
February	1.4056	1.3879	1.3957
March	1.4115	1.3851	1.4023
April	1.4189	1.3965	1.4076
May	1.4177	1.3800	1.4008
June	1.4657	1.3788	1.4189
July	1.4719	1.4440	1.4561
August	1.4705	1.4393	1.4559
September	1.4910	1.4341	1.4550
October	1.4630	1.4329	1.4507
November	1.4803	1.4341	1.4544
December	1.4878	1.4526	1.4748