2014 KES to TOP Historical Review

YEARLY HIGH

0.0223 TOP

YEARLY LOW

0.0205 TOP

YEARLY AVERAGE

0.0215 TOP

2014 KES to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the KES to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on November 10, valuing the pair at 0.0223. Conversely, the yearly low was recorded on July 13, dropping to 0.0205.

This high-to-low spread represents a total annual volatility of 0.0018 TOP. From a start-to-finish perspective, comparing the January average rate of 0.0216 to the December average rate of 0.0217, the exchange rate registered a net change of 0.56% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.0223 was up 2.64% compared to the 2013 peak of 0.0218, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 112 TOP

2013 Average 104 TOP

Yearly Trough Low 103 TOP

Transaction Impact: A difference of 9.02 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.0222

0.0209

JanuMarcMayJulySeptNove

KES 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 0.0214, compared to 0.0216 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0002 points.

H1 Avg (Jan–Jun) 0.0214

H2 Avg (Jul–Dec) 0.0216

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 0.0010 TOP (High: 0.0219 / Low: 0.0209). On the other end, June was the most stable month, with a tight range of 0.0004 TOP (High: 0.0214 / Low: 0.0211).

September Spread (Volatile) ±0.0010

June Spread (Stable) ±0.0004

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 0.0004 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0004

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2014: 0.0221) against the same month in 2013 (average: 0.0211), the exchange rate shifted by +0.0011 (+5.03%).

2014 Avg (November) 0.0221

2013 Avg (November) 0.0211

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0218	0.0212	0.0216
February	0.0219	0.0215	0.0217
March	0.0216	0.0211	0.0215
April	0.0214	0.0208	0.0211
May	0.0214	0.0209	0.0212
June	0.0214	0.0211	0.0212
July	0.0212	0.0205	0.0210
August	0.0214	0.0207	0.0211
September	0.0219	0.0209	0.0214
October	0.0222	0.0217	0.0220
November	0.0223	0.0217	0.0221
December	0.0219	0.0216	0.0217