2014 CLP to TOP Historical Review

YEARLY HIGH

0.0035 TOP

YEARLY LOW

0.0032 TOP

YEARLY AVERAGE

0.0033 TOP

2014 CLP to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the CLP to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.0035. Conversely, the yearly low was recorded on September 7, dropping to 0.0032.

This high-to-low spread represents a total annual volatility of 0.0004 TOP. From a start-to-finish perspective, comparing the January average rate of 0.0035 to the December average rate of 0.0032, the exchange rate registered a net change of -7.45% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.0035 was down 5.33% compared to the 2013 peak of 0.0037, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 1,000,000 CLP based on timing:

Yearly Peak High 3,539 TOP

2013 Average 3,619 TOP

Yearly Trough Low 3,153 TOP

Transaction Impact: A difference of 385.55 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.0035

0.0032

JanuMarcMayJulySeptNove

CLP 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 0.0034, compared to 0.0033 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0001 points.

H1 Avg (Jan–Jun) 0.0034

H2 Avg (Jul–Dec) 0.0033

Volatility Range Comparison

Volatility

The most volatile month in 2014 was October, with a trading range of 0.0002 TOP (High: 0.0034 / Low: 0.0032). On the other end, December was the most stable month, with a tight range of 0.0001 TOP (High: 0.0033 / Low: 0.0032).

October Spread (Volatile) ±0.0002

December Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

Between March and June, 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 November and December, when the average rate fell by 0.0001 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0001

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2014: 0.0035) against the same month in 2013 (average: 0.0037), the exchange rate shifted by -0.0002 (-5.59%).

2014 Avg (January) 0.0035

2013 Avg (January) 0.0037

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0035	0.0034	0.0035
February	0.0034	0.0033	0.0034
March	0.0034	0.0032	0.0033
April	0.0034	0.0032	0.0033
May	0.0034	0.0032	0.0033
June	0.0034	0.0033	0.0034
July	0.0034	0.0032	0.0033
August	0.0033	0.0032	0.0032
September	0.0033	0.0032	0.0032
October	0.0034	0.0032	0.0033
November	0.0034	0.0033	0.0034
December	0.0033	0.0032	0.0032