2014 TOP to ETB Historical Review

YEARLY HIGH

10.9560 ETB

YEARLY LOW

9.9755 ETB

YEARLY AVERAGE

10.4248 ETB

2014 TOP to ETB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the TOP to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on July 13, valuing the pair at 10.9560. Conversely, the yearly low was recorded on November 11, dropping to 9.9755.

This high-to-low spread represents a total annual volatility of 0.9805 ETB. From a start-to-finish perspective, comparing the January average rate of 10.2930 to the December average rate of 10.2765, the exchange rate registered a net change of -0.16% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 10.9560 was up 1.97% compared to the 2013 peak of 10.7443, 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 54,780 ETB

2013 Average 52,236 ETB

Yearly Trough Low 49,878 ETB

Transaction Impact: A difference of 4,902.39 ETB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

10.7683

10.0350

JanuMarcMayJulySeptNove

TOP to ETB 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 10.4454, compared to 10.4041 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0413 points.

H1 Avg (Jan–Jun) 10.4454

H2 Avg (Jul–Dec) 10.4041

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 0.5641 ETB (High: 10.7739 / Low: 10.2097). On the other end, January was the most stable month, with a tight range of 0.1624 ETB (High: 10.3705 / Low: 10.2081).

September Spread (Volatile) ±0.5641

January Spread (Stable) ±0.1624

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 0.2570 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.2570

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2014: 10.7072) against the same month in 2013 (average: 10.1664), the exchange rate shifted by +0.5408 (+5.32%).

2014 Avg (July) 10.7072

2013 Avg (July) 10.1664

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	10.3705	10.2081	10.2930
February	10.3928	10.1408	10.2904
March	10.5477	10.3421	10.3946
April	10.7870	10.4645	10.6214
May	10.7120	10.4481	10.5310
June	10.6111	10.4402	10.5419
July	10.9560	10.6118	10.7072
August	10.8744	10.5082	10.6734
September	10.7739	10.2097	10.4643
October	10.2858	10.0428	10.2073
November	10.2701	9.9755	10.0961
December	10.3507	10.1610	10.2765