2014 LTL to TOP Historical Review

YEARLY HIGH

0.7504 TOP

YEARLY LOW

0.6909 TOP

YEARLY AVERAGE

0.7257 TOP

2014 LTL to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the LTL to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on March 17, valuing the pair at 0.7504. Conversely, the yearly low was recorded on December 29, dropping to 0.6909.

This high-to-low spread represents a total annual volatility of 0.0595 TOP. From a start-to-finish perspective, comparing the January average rate of 0.7346 to the December average rate of 0.7000, the exchange rate registered a net change of -4.71% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.7504 was up 1.14% compared to the 2013 peak of 0.7420, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 3,752 TOP

2013 Average 3,448 TOP

Yearly Trough Low 3,454 TOP

Transaction Impact: A difference of 297.74 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.7476

0.6957

JanuMarcMayJulySeptNove

LTL 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 0.7365, compared to 0.7148 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0217 points.

H1 Avg (Jan–Jun) 0.7365

H2 Avg (Jul–Dec) 0.7148

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 0.0253 TOP (High: 0.7192 / Low: 0.6939). On the other end, February was the most stable month, with a tight range of 0.0108 TOP (High: 0.7441 / Low: 0.7333).

September Spread (Volatile) ±0.0253

February Spread (Stable) ±0.0108

Growth Streaks & Declines

Trends

Between January and March, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0186 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0186

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2014: 0.7433) against the same month in 2013 (average: 0.6563), the exchange rate shifted by +0.0870 (+13.26%).

2014 Avg (March) 0.7433

2013 Avg (March) 0.6563

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.7420	0.7284	0.7346
February	0.7441	0.7333	0.7397
March	0.7504	0.7289	0.7433
April	0.7464	0.7244	0.7325
May	0.7463	0.7294	0.7371
June	0.7393	0.7267	0.7319
July	0.7298	0.7094	0.7227
August	0.7300	0.7059	0.7167
September	0.7192	0.6939	0.7114
October	0.7316	0.7077	0.7196
November	0.7241	0.7054	0.7186
December	0.7131	0.6909	0.7000