2014 NGN to TOP Historical Review

YEARLY HIGH

0.0121 TOP

YEARLY LOW

0.0107 TOP

YEARLY AVERAGE

0.0114 TOP

2014 NGN to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the NGN to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on October 15, valuing the pair at 0.0121. Conversely, the yearly low was recorded on December 23, dropping to 0.0107.

This high-to-low spread represents a total annual volatility of 0.0014 TOP. From a start-to-finish perspective, comparing the January average rate of 0.0116 to the December average rate of 0.0108, the exchange rate registered a net change of -7.25% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.0121 was up 2.93% compared to the 2013 peak of 0.0118, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 1,000,000 NGN based on timing:

Yearly Peak High 12,098 TOP

2013 Average 11,252 TOP

Yearly Trough Low 10,658 TOP

Transaction Impact: A difference of 1,440.00 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.0120

0.0107

JanuMarcMayJulySeptNove

NGN 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 0.0114, compared to 0.0115 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0001 points.

H1 Avg (Jan–Jun) 0.0114

H2 Avg (Jul–Dec) 0.0115

Volatility Range Comparison

Volatility

The most volatile month in 2014 was November, with a trading range of 0.0010 TOP (High: 0.0120 / Low: 0.0111). On the other end, June was the most stable month, with a tight range of 0.0002 TOP (High: 0.0115 / Low: 0.0113).

November Spread (Volatile) ±0.0010

June Spread (Stable) ±0.0002

Growth Streaks & Declines

Trends

Between July and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0008 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0008

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2014: 0.0119) against the same month in 2013 (average: 0.0113), the exchange rate shifted by +0.0006 (+5.59%).

2014 Avg (October) 0.0119

2013 Avg (October) 0.0113

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0117	0.0115	0.0116
February	0.0116	0.0113	0.0114
March	0.0114	0.0111	0.0113
April	0.0116	0.0112	0.0113
May	0.0117	0.0113	0.0115
June	0.0115	0.0113	0.0114
July	0.0115	0.0111	0.0114
August	0.0116	0.0112	0.0115
September	0.0119	0.0114	0.0117
October	0.0121	0.0118	0.0119
November	0.0120	0.0111	0.0116
December	0.0109	0.0107	0.0108