2014 HKD to TOP Historical Review

YEARLY HIGH

0.2588 TOP

YEARLY LOW

0.2323 TOP

YEARLY AVERAGE

0.2434 TOP

2014 HKD to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the HKD to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on November 11, valuing the pair at 0.2588. Conversely, the yearly low was recorded on July 13, dropping to 0.2323.

This high-to-low spread represents a total annual volatility of 0.0265 TOP. From a start-to-finish perspective, comparing the January average rate of 0.2400 to the December average rate of 0.2532, the exchange rate registered a net change of 5.48% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.2588 was up 5.37% compared to the 2013 peak of 0.2456, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 6,469 TOP

2013 Average 5,776 TOP

Yearly Trough Low 5,807 TOP

Transaction Impact: A difference of 662.46 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.2586

0.2342

JanuMarcMayJulySeptNove

HKD 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 0.2392, compared to 0.2476 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0084 points.

H1 Avg (Jan–Jun) 0.2392

H2 Avg (Jul–Dec) 0.2476

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 0.0131 TOP (High: 0.2518 / Low: 0.2387). On the other end, June was the most stable month, with a tight range of 0.0037 TOP (High: 0.2419 / Low: 0.2382).

September Spread (Volatile) ±0.0131

June Spread (Stable) ±0.0037

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 November and December, when the average rate fell by 0.0034 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0034

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2014: 0.2565) against the same month in 2013 (average: 0.2340), the exchange rate shifted by +0.0226 (+9.64%).

2014 Avg (November) 0.2565

2013 Avg (November) 0.2340

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2421	0.2382	0.2400
February	0.2427	0.2390	0.2410
March	0.2407	0.2351	0.2392
April	0.2400	0.2326	0.2362
May	0.2411	0.2344	0.2391
June	0.2419	0.2382	0.2397
July	0.2405	0.2323	0.2377
August	0.2434	0.2351	0.2397
September	0.2518	0.2387	0.2458
October	0.2547	0.2499	0.2528
November	0.2588	0.2523	0.2565
December	0.2555	0.2512	0.2532