2014 TOP to CVE Historical Review

YEARLY HIGH

46.0340 CVE

YEARLY LOW

42.2113 CVE

YEARLY AVERAGE

43.8364 CVE

2014 TOP to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the TOP to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 46.0340. Conversely, the yearly low was recorded on March 14, dropping to 42.2113.

This high-to-low spread represents a total annual volatility of 3.8228 CVE. From a start-to-finish perspective, comparing the January average rate of 43.3566 to the December average rate of 45.4628, the exchange rate registered a net change of 4.86% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 46.0340 was down 6.63% compared to the 2013 peak of 49.3051, 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 230,170 CVE

2013 Average 231,606 CVE

Yearly Trough Low 211,056 CVE

Transaction Impact: A difference of 19,113.84 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

45.7340

42.4799

JanuMarcMayJulySeptNove

TOP to CVE 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 43.1810, compared to 44.4918 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.3108 points.

H1 Avg (Jan–Jun) 43.1810

H2 Avg (Jul–Dec) 44.4918

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 1.8102 CVE (High: 46.0327 / Low: 44.2226). On the other end, February was the most stable month, with a tight range of 0.6877 CVE (High: 43.3693 / Low: 42.6816).

September Spread (Volatile) ±1.8102

February Spread (Stable) ±0.6877

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 0.5536 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.5536

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 45.4628) against the same month in 2013 (average: 43.2276), the exchange rate shifted by +2.2353 (+5.17%).

2014 Avg (December) 45.4628

2013 Avg (December) 43.2276

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	43.7575	42.8682	43.3566
February	43.3693	42.6816	42.9748
March	43.6497	42.2113	42.7511
April	43.9138	42.6379	43.4198
May	43.5919	42.5709	43.1218
June	43.7513	42.9654	43.4617
July	44.7567	43.5052	43.9693
August	45.0279	43.5335	44.3364
September	46.0327	44.2226	44.7425
October	44.9405	43.5088	44.1890
November	45.1321	43.8891	44.2508
December	46.0340	44.6768	45.4628