2014 SAR to TOP Historical Review

YEARLY HIGH

0.5348 TOP

YEARLY LOW

0.4799 TOP

YEARLY AVERAGE

0.5032 TOP

2014 SAR to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the SAR to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on November 11, valuing the pair at 0.5348. Conversely, the yearly low was recorded on July 13, dropping to 0.4799.

This high-to-low spread represents a total annual volatility of 0.0549 TOP. From a start-to-finish perspective, comparing the January average rate of 0.4965 to the December average rate of 0.5231, the exchange rate registered a net change of 5.37% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.5348 was up 5.32% compared to the 2013 peak of 0.5078, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,674 TOP

2013 Average 2,389 TOP

Yearly Trough Low 2,400 TOP

Transaction Impact: A difference of 274.37 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.5343

0.4842

JanuMarcMayJulySeptNove

SAR 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 0.4947, compared to 0.5118 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0171 points.

H1 Avg (Jan–Jun) 0.4947

H2 Avg (Jul–Dec) 0.5118

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 0.0275 TOP (High: 0.5208 / Low: 0.4933). On the other end, June was the most stable month, with a tight range of 0.0077 TOP (High: 0.5000 / Low: 0.4923).

September Spread (Volatile) ±0.0275

June Spread (Stable) ±0.0077

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 0.0071 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0071

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2014: 0.5302) against the same month in 2013 (average: 0.4837), the exchange rate shifted by +0.0465 (+9.61%).

2014 Avg (November) 0.5302

2013 Avg (November) 0.4837

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5013	0.4925	0.4965
February	0.5022	0.4943	0.4986
March	0.4980	0.4864	0.4950
April	0.4962	0.4806	0.4883
May	0.4984	0.4845	0.4941
June	0.5000	0.4923	0.4954
July	0.4970	0.4799	0.4912
August	0.5029	0.4859	0.4954
September	0.5208	0.4933	0.5081
October	0.5268	0.5171	0.5228
November	0.5348	0.5214	0.5302
December	0.5279	0.5189	0.5231