2014 TOP to CLP Historical Review

YEARLY HIGH

317.1089 CLP

YEARLY LOW

282.5624 CLP

YEARLY AVERAGE

302.2358 CLP

2014 TOP to CLP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the TOP to CLP exchange rate experienced significant fluctuation. The market reached its absolute peak on September 7, valuing the pair at 317.1089. Conversely, the yearly low was recorded on January 1, dropping to 282.5624.

This high-to-low spread represents a total annual volatility of 34.5465 CLP. From a start-to-finish perspective, comparing the January average rate of 288.8272 to the December average rate of 312.0227, the exchange rate registered a net change of 8.03% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 317.1089 was up 9.51% compared to the 2013 peak of 289.5651, 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 1,585,544 CLP

2013 Average 1,382,030 CLP

Yearly Trough Low 1,412,812 CLP

Transaction Impact: A difference of 172,732.50 CLP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

314.3423

286.5077

JanuMarcMayJulySeptNove

TOP to CLP 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 298.2154, compared to 306.2562 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 8.0408 points.

H1 Avg (Jan–Jun) 298.2154

H2 Avg (Jul–Dec) 306.2562

Volatility Range Comparison

Volatility

The most volatile month in 2014 was October, with a trading range of 16.0585 CLP (High: 308.3453 / Low: 292.2869). On the other end, June was the most stable month, with a tight range of 8.0856 CLP (High: 301.8160 / Low: 293.7304).

October Spread (Volatile) ±16.0585

June Spread (Stable) ±8.0856

Growth Streaks & Declines

Trends

Between January and March, 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 11.4865 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -11.4865

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2014: 311.7323) against the same month in 2013 (average: 274.4339), the exchange rate shifted by +37.2984 (+13.59%).

2014 Avg (September) 311.7323

2013 Avg (September) 274.4339

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	296.5498	282.5624	288.8272
February	301.2870	293.1295	296.1976
March	310.5084	297.2426	303.3928
April	308.8151	297.9094	303.2217
May	308.7078	293.8469	299.8696
June	301.8160	293.7304	297.7834
July	307.8027	298.2778	303.1947
August	317.0201	306.1775	312.0189
September	317.1089	306.5626	311.7323
October	308.3453	292.2869	300.2459
November	305.6923	292.2858	298.3224
December	315.8717	307.1097	312.0227