2014 TMT to AZN Historical Review

YEARLY HIGH

0.7853 AZN

YEARLY LOW

0.7835 AZN

YEARLY AVERAGE

0.7841 AZN

2014 TMT to AZN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the TMT to AZN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 22, valuing the pair at 0.7853. Conversely, the yearly low was recorded on December 31, dropping to 0.7835.

This high-to-low spread represents a total annual volatility of 0.0018 AZN. From a start-to-finish perspective, comparing the January average rate of 0.7842 to the December average rate of 0.7842, the exchange rate registered a net change of -0.01% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.7853 was up 0.04% compared to the 2013 peak of 0.7850, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 3,927 AZN

2013 Average 3,922 AZN

Yearly Trough Low 3,918 AZN

Transaction Impact: A difference of 8.84 AZN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.7842

0.7840

JanuMarcMayJulySeptNove

TMT to AZN 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 0.7842, compared to 0.7841 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0001 points.

H1 Avg (Jan–Jun) 0.7842

H2 Avg (Jul–Dec) 0.7841

Volatility Range Comparison

Volatility

The most volatile month in 2014 was December, with a trading range of 0.0018 AZN (High: 0.7853 / Low: 0.7835). On the other end, October was the most stable month, with a tight range of 0.0003 AZN (High: 0.7842 / Low: 0.7839).

December Spread (Volatile) ±0.0018

October Spread (Stable) ±0.0003

Growth Streaks & Declines

Trends

Between March and May, 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 May and June, when the average rate fell by 0.0001 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0001

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 0.7842) against the same month in 2013 (average: 0.7842), the exchange rate shifted by -0.0001 (-0.01%).

2014 Avg (December) 0.7842

2013 Avg (December) 0.7842

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.7846	0.7840	0.7842
February	0.7843	0.7840	0.7842
March	0.7842	0.7839	0.7841
April	0.7842	0.7839	0.7841
May	0.7844	0.7839	0.7842
June	0.7842	0.7839	0.7841
July	0.7842	0.7838	0.7841
August	0.7842	0.7838	0.7840
September	0.7842	0.7839	0.7840
October	0.7842	0.7839	0.7841
November	0.7843	0.7839	0.7842
December	0.7853	0.7835	0.7842