2014 BRL to TOP Historical Review

YEARLY HIGH

0.8417 TOP

YEARLY LOW

0.7214 TOP

YEARLY AVERAGE

0.8035 TOP

2014 BRL to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the BRL to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on June 10, valuing the pair at 0.8417. Conversely, the yearly low was recorded on December 16, dropping to 0.7214.

This high-to-low spread represents a total annual volatility of 0.1203 TOP. From a start-to-finish perspective, comparing the January average rate of 0.7829 to the December average rate of 0.7423, the exchange rate registered a net change of -5.19% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.8417 was down 5.96% compared to the 2013 peak of 0.8950, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 25,000 BRL based on timing:

Yearly Peak High 21,042 TOP

2013 Average 20,803 TOP

Yearly Trough Low 18,036 TOP

Transaction Impact: A difference of 3,006.26 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.8436

0.7331

JanuMarcMayJulySeptNove

BRL 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 0.8088, compared to 0.7982 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0107 points.

H1 Avg (Jan–Jun) 0.8088

H2 Avg (Jul–Dec) 0.7982

Volatility Range Comparison

Volatility

The most volatile month in 2014 was December, with a trading range of 0.0531 TOP (High: 0.7745 / Low: 0.7214). On the other end, May was the most stable month, with a tight range of 0.0214 TOP (High: 0.8412 / Low: 0.8197).

December Spread (Volatile) ±0.0531

May Spread (Stable) ±0.0214

Growth Streaks & Declines

Trends

Between January and May, 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 November and December, when the average rate fell by 0.0387 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0387

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2014: 0.8321) against the same month in 2013 (average: 0.8226), the exchange rate shifted by +0.0095 (+1.16%).

2014 Avg (June) 0.8321

2013 Avg (June) 0.8226

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.7927	0.7665	0.7829
February	0.8028	0.7727	0.7850
March	0.8185	0.7812	0.7981
April	0.8346	0.8046	0.8204
May	0.8412	0.8197	0.8344
June	0.8417	0.8196	0.8321
July	0.8351	0.8098	0.8285
August	0.8348	0.8057	0.8198
September	0.8389	0.7959	0.8165
October	0.8196	0.7835	0.8008
November	0.7972	0.7607	0.7810
December	0.7745	0.7214	0.7423