2014 TOP to BAM Historical Review

YEARLY HIGH

0.8198 BAM

YEARLY LOW

0.7554 BAM

YEARLY AVERAGE

0.7813 BAM

2014 TOP to BAM Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the TOP to BAM exchange rate experienced significant fluctuation. The market reached its absolute peak on December 29, valuing the pair at 0.8198. Conversely, the yearly low was recorded on March 17, dropping to 0.7554.

This high-to-low spread represents a total annual volatility of 0.0644 BAM. From a start-to-finish perspective, comparing the January average rate of 0.7715 to the December average rate of 0.8097, the exchange rate registered a net change of 4.95% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.8198 was down 6.14% compared to the 2013 peak of 0.8734, 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 4,099 BAM

2013 Average 4,116 BAM

Yearly Trough Low 3,777 BAM

Transaction Impact: A difference of 322.21 BAM purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.8144

0.7579

JanuMarcMayJulySeptNove

TOP to BAM 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 0.7696, compared to 0.7930 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0234 points.

H1 Avg (Jan–Jun) 0.7696

H2 Avg (Jul–Dec) 0.7930

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 0.0283 BAM (High: 0.8167 / Low: 0.7884). On the other end, February was the most stable month, with a tight range of 0.0115 BAM (High: 0.7731 / Low: 0.7616).

September Spread (Volatile) ±0.0283

February Spread (Stable) ±0.0115

Growth Streaks & Declines

Trends

Between May and September, 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 September and October, when the average rate fell by 0.0092 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0092

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 0.8097) against the same month in 2013 (average: 0.7689), the exchange rate shifted by +0.0408 (+5.30%).

2014 Avg (December) 0.8097

2013 Avg (December) 0.7689

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.7782	0.7639	0.7715
February	0.7731	0.7616	0.7663
March	0.7776	0.7554	0.7626
April	0.7830	0.7593	0.7738
May	0.7769	0.7597	0.7688
June	0.7799	0.7666	0.7744
July	0.7990	0.7765	0.7842
August	0.8033	0.7764	0.7909
September	0.8167	0.7884	0.7968
October	0.8008	0.7745	0.7875
November	0.8029	0.7820	0.7887
December	0.8198	0.7947	0.8097