2014 SGD to TOP Historical Review

YEARLY HIGH

1.5550 TOP

YEARLY LOW

1.4321 TOP

YEARLY AVERAGE

1.4894 TOP

2014 SGD to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the SGD to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on November 12, valuing the pair at 1.5550. Conversely, the yearly low was recorded on March 23, dropping to 1.4321.

This high-to-low spread represents a total annual volatility of 0.1229 TOP. From a start-to-finish perspective, comparing the January average rate of 1.4636 to the December average rate of 1.4914, the exchange rate registered a net change of 1.90% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 1.5550 was up 4.26% compared to the 2013 peak of 1.4914, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 7,775 TOP

2013 Average 7,161 TOP

Yearly Trough Low 7,160 TOP

Transaction Impact: A difference of 614.54 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

1.5456

1.4519

JanuMarcMayJulySeptNove

SGD 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 1.4717, compared to 1.5071 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0354 points.

H1 Avg (Jan–Jun) 1.4717

H2 Avg (Jul–Dec) 1.5071

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 0.0579 TOP (High: 1.5332 / Low: 1.4753). On the other end, February was the most stable month, with a tight range of 0.0199 TOP (High: 1.4850 / Low: 1.4651).

September Spread (Volatile) ±0.0579

February Spread (Stable) ±0.0199

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 0.0439 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0439

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2014: 1.5353) against the same month in 2013 (average: 1.4538), the exchange rate shifted by +0.0815 (+5.61%).

2014 Avg (November) 1.5353

2013 Avg (November) 1.4538

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.4751	1.4464	1.4636
February	1.4850	1.4651	1.4765
March	1.4736	1.4321	1.4647
April	1.4824	1.4443	1.4597
May	1.4906	1.4568	1.4805
June	1.5003	1.4783	1.4852
July	1.4948	1.4504	1.4821
August	1.5128	1.4637	1.4880
September	1.5332	1.4753	1.5081
October	1.5523	1.5238	1.5378
November	1.5550	1.5043	1.5353
December	1.5124	1.4753	1.4914