2014 TOP to DJF Historical Review

YEARLY HIGH

99.0979 DJF

YEARLY LOW

89.0651 DJF

YEARLY AVERAGE

94.6314 DJF

2014 TOP to DJF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the TOP to DJF exchange rate experienced significant fluctuation. The market reached its absolute peak on July 13, valuing the pair at 99.0979. Conversely, the yearly low was recorded on November 10, dropping to 89.0651.

This high-to-low spread represents a total annual volatility of 10.0328 DJF. From a start-to-finish perspective, comparing the January average rate of 95.6095 to the December average rate of 90.8496, the exchange rate registered a net change of -4.98% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 99.0979 was down 4.03% compared to the 2013 peak of 103.2577, 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 495,489 DJF

2013 Average 495,662 DJF

Yearly Trough Low 445,325 DJF

Transaction Impact: A difference of 50,164.05 DJF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

98.2941

88.9803

JanuMarcMayJulySeptNove

TOP to DJF 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 96.1550, compared to 93.1079 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 3.0471 points.

H1 Avg (Jan–Jun) 96.1550

H2 Avg (Jul–Dec) 93.1079

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 5.7060 DJF (High: 96.7728 / Low: 91.0668). On the other end, February was the most stable month, with a tight range of 1.5317 DJF (High: 95.9304 / Low: 94.3987).

September Spread (Volatile) ±5.7060

February Spread (Stable) ±1.5317

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 2.6930 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -2.6930

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2014: 97.0138) against the same month in 2013 (average: 96.2748), the exchange rate shifted by +0.7390 (+0.77%).

2014 Avg (July) 97.0138

2013 Avg (July) 96.2748

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	96.4316	94.7250	95.6095
February	95.9304	94.3987	95.2188
March	97.5941	95.2238	95.9114
April	98.9874	95.9774	97.5180
May	98.6054	95.3501	96.4784
June	96.9993	95.1832	96.1937
July	99.0979	95.8957	97.0138
August	98.1577	94.7298	96.2455
September	96.7728	91.0668	93.7374
October	91.8539	89.8818	91.0444
November	91.5528	89.0651	89.7565
December	91.7711	90.0912	90.8496