2014 ETB to TOP Historical Review

YEARLY HIGH

0.1002 TOP

YEARLY LOW

0.0913 TOP

YEARLY AVERAGE

0.0960 TOP

2014 ETB to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the ETB to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on November 11, valuing the pair at 0.1002. Conversely, the yearly low was recorded on July 13, dropping to 0.0913.

This high-to-low spread represents a total annual volatility of 0.0090 TOP. From a start-to-finish perspective, comparing the January average rate of 0.0972 to the December average rate of 0.0973, the exchange rate registered a net change of 0.16% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.1002 was down 0.65% compared to the 2013 peak of 0.1009, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 501 TOP

2013 Average 479 TOP

Yearly Trough Low 456 TOP

Transaction Impact: A difference of 44.86 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.0996

0.0928

JanuMarcMayJulySeptNove

ETB 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 0.0958, compared to 0.0962 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0004 points.

H1 Avg (Jan–Jun) 0.0958

H2 Avg (Jul–Dec) 0.0962

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 0.0051 TOP (High: 0.0979 / Low: 0.0928). On the other end, January was the most stable month, with a tight range of 0.0015 TOP (High: 0.0980 / Low: 0.0964).

September Spread (Volatile) ±0.0051

January Spread (Stable) ±0.0015

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 0.0021 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0021

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2014: 0.0991) against the same month in 2013 (average: 0.0953), the exchange rate shifted by +0.0037 (+3.89%).

2014 Avg (November) 0.0991

2013 Avg (November) 0.0953

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0980	0.0964	0.0972
February	0.0986	0.0962	0.0972
March	0.0967	0.0948	0.0962
April	0.0956	0.0927	0.0942
May	0.0957	0.0934	0.0950
June	0.0958	0.0942	0.0949
July	0.0942	0.0913	0.0934
August	0.0952	0.0920	0.0937
September	0.0979	0.0928	0.0956
October	0.0996	0.0972	0.0980
November	0.1002	0.0974	0.0991
December	0.0984	0.0966	0.0973