2014 TOP to AZN Historical Review

YEARLY HIGH

0.4357 AZN

YEARLY LOW

0.3908 AZN

YEARLY AVERAGE

0.4157 AZN

2014 TOP to AZN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the TOP to AZN exchange rate experienced significant fluctuation. The market reached its absolute peak on July 13, valuing the pair at 0.4357. Conversely, the yearly low was recorded on November 11, dropping to 0.3908.

This high-to-low spread represents a total annual volatility of 0.0448 AZN. From a start-to-finish perspective, comparing the January average rate of 0.4212 to the December average rate of 0.3994, the exchange rate registered a net change of -5.17% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.4357 was down 4.28% compared to the 2013 peak of 0.4552, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,178 AZN

2013 Average 2,190 AZN

Yearly Trough Low 1,954 AZN

Transaction Impact: A difference of 224.21 AZN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.4315

0.3908

JanuMarcMayJulySeptNove

TOP 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 0.4227, compared to 0.4088 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0140 points.

H1 Avg (Jan–Jun) 0.4227

H2 Avg (Jul–Dec) 0.4088

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 0.0225 AZN (High: 0.4237 / Low: 0.4013). On the other end, June was the most stable month, with a tight range of 0.0066 AZN (High: 0.4247 / Low: 0.4181).

September Spread (Volatile) ±0.0225

June Spread (Stable) ±0.0066

Growth Streaks & Declines

Trends

Between February and April, 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 September and October, when the average rate fell by 0.0117 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0117

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2014: 0.4256) against the same month in 2013 (average: 0.4251), the exchange rate shifted by +0.0005 (+0.12%).

2014 Avg (July) 0.4256

2013 Avg (July) 0.4251

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4246	0.4171	0.4212
February	0.4230	0.4163	0.4193
March	0.4297	0.4198	0.4224
April	0.4349	0.4214	0.4281
May	0.4315	0.4195	0.4232
June	0.4247	0.4181	0.4220
July	0.4357	0.4207	0.4256
August	0.4302	0.4157	0.4220
September	0.4237	0.4013	0.4115
October	0.4041	0.3968	0.3998
November	0.4007	0.3908	0.3942
December	0.4026	0.3958	0.3994