2014 MOP to TOP Historical Review

YEARLY HIGH

0.2522 TOP

YEARLY LOW

0.2255 TOP

YEARLY AVERAGE

0.2363 TOP

2014 MOP to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the MOP to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on November 11, valuing the pair at 0.2522. Conversely, the yearly low was recorded on July 13, dropping to 0.2255.

This high-to-low spread represents a total annual volatility of 0.0267 TOP. From a start-to-finish perspective, comparing the January average rate of 0.2330 to the December average rate of 0.2456, the exchange rate registered a net change of 5.43% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.2522 was up 5.82% compared to the 2013 peak of 0.2383, 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 1,261 TOP

2013 Average 1,122 TOP

Yearly Trough Low 1,127 TOP

Transaction Impact: A difference of 133.45 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.2512

0.2273

JanuMarcMayJulySeptNove

MOP 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 0.2322, compared to 0.2403 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0081 points.

H1 Avg (Jan–Jun) 0.2322

H2 Avg (Jul–Dec) 0.2403

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 0.0130 TOP (High: 0.2443 / Low: 0.2313). On the other end, June was the most stable month, with a tight range of 0.0035 TOP (High: 0.2349 / Low: 0.2314).

September Spread (Volatile) ±0.0130

June Spread (Stable) ±0.0035

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 0.0035 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0035

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2014: 0.2492) against the same month in 2013 (average: 0.2272), the exchange rate shifted by +0.0220 (+9.67%).

2014 Avg (November) 0.2492

2013 Avg (November) 0.2272

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2348	0.2310	0.2330
February	0.2363	0.2322	0.2341
March	0.2336	0.2283	0.2322
April	0.2330	0.2256	0.2293
May	0.2341	0.2273	0.2321
June	0.2349	0.2314	0.2327
July	0.2334	0.2255	0.2308
August	0.2363	0.2284	0.2327
September	0.2443	0.2313	0.2385
October	0.2488	0.2426	0.2454
November	0.2522	0.2451	0.2492
December	0.2481	0.2435	0.2456