2014 IMP to LTL Historical Review

YEARLY HIGH

2.8492 LTL

YEARLY LOW

2.4798 LTL

YEARLY AVERAGE

2.6028 LTL

2014 IMP to LTL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the IMP to LTL exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 2.8492. Conversely, the yearly low was recorded on March 18, dropping to 2.4798.

This high-to-low spread represents a total annual volatility of 0.3694 LTL. From a start-to-finish perspective, comparing the January average rate of 2.5348 to the December average rate of 2.8051, the exchange rate registered a net change of 10.66% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 2.8492 was up 5.66% compared to the 2013 peak of 2.6966, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 14,246 LTL

2013 Average 13,002 LTL

Yearly Trough Low 12,399 LTL

Transaction Impact: A difference of 1,847.13 LTL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

2.8358

2.4666

JanuMarcMayJulySeptNove

IMP to LTL 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 2.5190, compared to 2.6866 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1676 points.

H1 Avg (Jan–Jun) 2.5190

H2 Avg (Jul–Dec) 2.6866

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 0.1047 LTL (High: 2.7315 / Low: 2.6268). On the other end, June was the most stable month, with a tight range of 0.0274 LTL (High: 2.5509 / Low: 2.5234).

September Spread (Volatile) ±0.1047

June Spread (Stable) ±0.0274

Growth Streaks & Declines

Trends

Between March and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 9 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0309 points.

Longest Streak 9 Mo.

Sharpest MoM Drop -0.0309

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 2.8051) against the same month in 2013 (average: 2.5202), the exchange rate shifted by +0.2849 (+11.30%).

2014 Avg (December) 2.8051

2013 Avg (December) 2.5202

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.5555	2.5086	2.5348
February	2.5600	2.5054	2.5283
March	2.5135	2.4798	2.4974
April	2.5199	2.4873	2.5005
May	2.5383	2.4804	2.5142
June	2.5509	2.5234	2.5387
July	2.5786	2.5247	2.5495
August	2.6289	2.5724	2.5926
September	2.7315	2.6268	2.6790
October	2.7594	2.7002	2.7253
November	2.7845	2.7498	2.7683
December	2.8492	2.7624	2.8051