2014 BZD to TOP Historical Review

YEARLY HIGH

1.0072 TOP

YEARLY LOW

0.8946 TOP

YEARLY AVERAGE

0.9445 TOP

2014 BZD to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the BZD to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on November 11, valuing the pair at 1.0072. Conversely, the yearly low was recorded on April 13, dropping to 0.8946.

This high-to-low spread represents a total annual volatility of 0.1126 TOP. From a start-to-finish perspective, comparing the January average rate of 0.9338 to the December average rate of 0.9825, the exchange rate registered a net change of 5.21% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 1.0072 was up 5.52% compared to the 2013 peak of 0.9545, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 5,036 TOP

2013 Average 4,488 TOP

Yearly Trough Low 4,473 TOP

Transaction Impact: A difference of 562.93 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

1.0045

0.9008

JanuMarcMayJulySeptNove

BZD 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 0.9281, compared to 0.9610 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0329 points.

H1 Avg (Jan–Jun) 0.9281

H2 Avg (Jul–Dec) 0.9610

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 0.0561 TOP (High: 0.9805 / Low: 0.9244). On the other end, June was the most stable month, with a tight range of 0.0142 TOP (High: 0.9387 / Low: 0.9245).

September Spread (Volatile) ±0.0561

June Spread (Stable) ±0.0142

Growth Streaks & Declines

Trends

Between July and November, 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 March and April, when the average rate fell by 0.0234 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0234

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2014: 0.9958) against the same month in 2013 (average: 0.9099), the exchange rate shifted by +0.0859 (+9.44%).

2014 Avg (November) 0.9958

2013 Avg (November) 0.9099

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.9419	0.9254	0.9338
February	0.9470	0.9301	0.9395
March	0.9407	0.9147	0.9328
April	0.9242	0.8946	0.9095
May	0.9358	0.9009	0.9226
June	0.9387	0.9245	0.9301
July	0.9326	0.9007	0.9219
August	0.9441	0.9126	0.9300
September	0.9805	0.9244	0.9540
October	0.9993	0.9725	0.9819
November	1.0072	0.9801	0.9958
December	0.9916	0.9737	0.9825