2014 TOP to BIF Historical Review

YEARLY HIGH

860.4707 BIF

YEARLY LOW

775.6207 BIF

YEARLY AVERAGE

822.9958 BIF

2014 TOP to BIF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the TOP to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on April 13, valuing the pair at 860.4707. Conversely, the yearly low was recorded on November 10, dropping to 775.6207.

This high-to-low spread represents a total annual volatility of 84.8500 BIF. From a start-to-finish perspective, comparing the January average rate of 831.8367 to the December average rate of 797.1536, the exchange rate registered a net change of -4.17% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 860.4707 was down 5.95% compared to the 2013 peak of 914.8828, 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 4,302,353 BIF

2013 Average 4,327,267 BIF

Yearly Trough Low 3,878,103 BIF

Transaction Impact: A difference of 424,250.02 BIF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

851.7859

779.3077

JanuMarcMayJulySeptNove

TOP to BIF 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 835.0696, compared to 810.9219 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 24.1476 points.

H1 Avg (Jan–Jun) 835.0696

H2 Avg (Jul–Dec) 810.9219

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 42.4461 BIF (High: 835.6150 / Low: 793.1689). On the other end, June was the most stable month, with a tight range of 15.1733 BIF (High: 838.9526 / Low: 823.7793).

September Spread (Volatile) ±42.4461

June Spread (Stable) ±15.1733

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 August and September, when the average rate fell by 21.1102 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -21.1102

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2014: 845.7460) against the same month in 2013 (average: 902.1422), the exchange rate shifted by -56.3962 (-6.25%).

2014 Avg (April) 845.7460

2013 Avg (April) 902.1422

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	840.0583	824.0238	831.8367
February	838.9207	823.2145	829.3922
March	851.7799	828.8913	836.2679
April	860.4707	830.6102	845.7460
May	850.8797	827.4318	834.8849
June	838.9526	823.7793	832.2897
July	857.1811	826.4509	840.7254
August	851.9987	821.5771	834.1367
September	835.6150	793.1689	813.0265
October	804.6092	785.3686	795.1419
November	800.9051	775.6207	785.3476
December	807.4426	785.6949	797.1536