2014 MOP to ALL Historical Review

YEARLY HIGH

14.4422 ALL

YEARLY LOW

12.6098 ALL

YEARLY AVERAGE

13.2085 ALL

2014 MOP to ALL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the MOP to ALL exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 14.4422. Conversely, the yearly low was recorded on May 7, dropping to 12.6098.

This high-to-low spread represents a total annual volatility of 1.8324 ALL. From a start-to-finish perspective, comparing the January average rate of 12.9146 to the December average rate of 14.2376, the exchange rate registered a net change of 10.24% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 14.4422 was up 5.06% compared to the 2013 peak of 13.7472, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 72,211 ALL

2013 Average 66,143 ALL

Yearly Trough Low 63,049 ALL

Transaction Impact: A difference of 9,161.96 ALL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

14.3923

12.5361

JanuMarcMayJulySeptNove

MOP to ALL 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 12.8089, compared to 13.6080 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.7991 points.

H1 Avg (Jan–Jun) 12.8089

H2 Avg (Jul–Dec) 13.6080

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 0.5573 ALL (High: 13.8399 / Low: 13.2826). On the other end, June was the most stable month, with a tight range of 0.0951 ALL (High: 12.9504 / Low: 12.8553).

September Spread (Volatile) ±0.5573

June Spread (Stable) ±0.0951

Growth Streaks & Declines

Trends

Between April and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.1738 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -0.1738

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 14.2376) against the same month in 2013 (average: 12.8126), the exchange rate shifted by +1.4250 (+11.12%).

2014 Avg (December) 14.2376

2013 Avg (December) 12.8126

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	13.0058	12.7782	12.9146
February	12.9979	12.7245	12.8734
March	12.7822	12.6130	12.6996
April	12.7688	12.6414	12.6908
May	12.8821	12.6098	12.7693
June	12.9504	12.8553	12.9057
July	13.0052	12.8599	12.9423
August	13.2593	12.9932	13.0943
September	13.8399	13.2826	13.5878
October	13.9216	13.6279	13.7650
November	14.1331	13.8271	14.0213
December	14.4422	14.0339	14.2376