2014 FJD to TOP Historical Review

YEARLY HIGH

1.0364 TOP

YEARLY LOW

0.9773 TOP

YEARLY AVERAGE

1.0039 TOP

2014 FJD to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the FJD to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on November 12, valuing the pair at 1.0364. Conversely, the yearly low was recorded on January 23, dropping to 0.9773.

This high-to-low spread represents a total annual volatility of 0.0591 TOP. From a start-to-finish perspective, comparing the January average rate of 0.9879 to the December average rate of 0.9917, the exchange rate registered a net change of 0.38% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 1.0364 was up 3.40% compared to the 2013 peak of 1.0023, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 5,182 TOP

2013 Average 4,893 TOP

Yearly Trough Low 4,887 TOP

Transaction Impact: A difference of 295.33 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

1.0257

0.9845

JanuMarcMayJulySeptNove

FJD 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 1.0002, compared to 1.0076 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0074 points.

H1 Avg (Jan–Jun) 1.0002

H2 Avg (Jul–Dec) 1.0076

Volatility Range Comparison

Volatility

The most volatile month in 2014 was November, with a trading range of 0.0342 TOP (High: 1.0364 / Low: 1.0022). On the other end, June was the most stable month, with a tight range of 0.0167 TOP (High: 1.0215 / Low: 1.0048).

November Spread (Volatile) ±0.0342

June Spread (Stable) ±0.0167

Growth Streaks & Declines

Trends

Between August and November, 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 0.0306 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0306

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2014: 1.0223) against the same month in 2013 (average: 0.9806), the exchange rate shifted by +0.0417 (+4.26%).

2014 Avg (November) 1.0223

2013 Avg (November) 0.9806

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.9970	0.9773	0.9879
February	1.0063	0.9880	0.9962
March	1.0085	0.9793	0.9975
April	1.0121	0.9849	0.9970
May	1.0166	0.9968	1.0100
June	1.0215	1.0048	1.0127
July	1.0078	0.9827	1.0032
August	1.0170	0.9839	1.0012
September	1.0215	0.9936	1.0096
October	1.0332	1.0075	1.0178
November	1.0364	1.0022	1.0223
December	1.0126	0.9817	0.9917