2014 PEN to TOP Historical Review

YEARLY HIGH

0.6867 TOP

YEARLY LOW

0.6470 TOP

YEARLY AVERAGE

0.6649 TOP

2014 PEN to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the PEN to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on November 26, valuing the pair at 0.6867. Conversely, the yearly low was recorded on July 13, dropping to 0.6470.

This high-to-low spread represents a total annual volatility of 0.0397 TOP. From a start-to-finish perspective, comparing the January average rate of 0.6627 to the December average rate of 0.6627, the exchange rate registered a net change of -0.00% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.6867 was up 0.02% compared to the 2013 peak of 0.6866, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 3,434 TOP

2013 Average 3,317 TOP

Yearly Trough Low 3,235 TOP

Transaction Impact: A difference of 198.68 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.6825

0.6536

JanuMarcMayJulySeptNove

PEN 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 0.6623, compared to 0.6674 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0050 points.

H1 Avg (Jan–Jun) 0.6623

H2 Avg (Jul–Dec) 0.6674

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 0.0298 TOP (High: 0.6768 / Low: 0.6470). On the other end, January was the most stable month, with a tight range of 0.0089 TOP (High: 0.6665 / Low: 0.6576).

September Spread (Volatile) ±0.0298

January Spread (Stable) ±0.0089

Growth Streaks & Declines

Trends

Between August and November, 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 0.0174 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0174

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2014: 0.6801) against the same month in 2013 (average: 0.6487), the exchange rate shifted by +0.0314 (+4.84%).

2014 Avg (November) 0.6801

2013 Avg (November) 0.6487

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6665	0.6576	0.6627
February	0.6696	0.6583	0.6646
March	0.6664	0.6487	0.6614
April	0.6654	0.6488	0.6560
May	0.6760	0.6501	0.6642
June	0.6757	0.6589	0.6651
July	0.6670	0.6470	0.6613
August	0.6753	0.6511	0.6602
September	0.6768	0.6470	0.6649
October	0.6842	0.6700	0.6749
November	0.6867	0.6700	0.6801
December	0.6752	0.6571	0.6627