2014 NZD to TOP Historical Review

YEARLY HIGH

1.6247 TOP

YEARLY LOW

1.4914 TOP

YEARLY AVERAGE

1.5656 TOP

2014 NZD to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the NZD to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on July 10, valuing the pair at 1.6247. Conversely, the yearly low was recorded on December 8, dropping to 1.4914.

This high-to-low spread represents a total annual volatility of 0.1334 TOP. From a start-to-finish perspective, comparing the January average rate of 1.5395 to the December average rate of 1.5237, the exchange rate registered a net change of -1.02% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 1.6247 was up 5.29% compared to the 2013 peak of 1.5431, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 8,124 TOP

2013 Average 7,346 TOP

Yearly Trough Low 7,457 TOP

Transaction Impact: A difference of 666.94 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

1.6117

1.5158

JanuMarcMayJulySeptNove

NZD 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 1.5744, compared to 1.5568 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0176 points.

H1 Avg (Jan–Jun) 1.5744

H2 Avg (Jul–Dec) 1.5568

Volatility Range Comparison

Volatility

The most volatile month in 2014 was November, with a trading range of 0.0690 TOP (High: 1.5823 / Low: 1.5133). On the other end, January was the most stable month, with a tight range of 0.0408 TOP (High: 1.5607 / Low: 1.5199).

November Spread (Volatile) ±0.0690

January Spread (Stable) ±0.0408

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 0.0345 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0345

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2014: 1.6004) against the same month in 2013 (average: 1.4556), the exchange rate shifted by +0.1448 (+9.95%).

2014 Avg (July) 1.6004

2013 Avg (July) 1.4556

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.5607	1.5199	1.5395
February	1.5641	1.5221	1.5493
March	1.6093	1.5574	1.5827
April	1.6014	1.5536	1.5770
May	1.6127	1.5712	1.5942
June	1.6229	1.5731	1.6037
July	1.6247	1.5736	1.6004
August	1.6010	1.5380	1.5671
September	1.5689	1.5133	1.5498
October	1.5747	1.5092	1.5413
November	1.5823	1.5133	1.5583
December	1.5543	1.4914	1.5237