2014 TOP to FJD Historical Review

YEARLY HIGH

1.0232 FJD

YEARLY LOW

0.9649 FJD

YEARLY AVERAGE

0.9962 FJD

2014 TOP to FJD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the TOP to FJD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 23, valuing the pair at 1.0232. Conversely, the yearly low was recorded on November 12, dropping to 0.9649.

This high-to-low spread represents a total annual volatility of 0.0583 FJD. From a start-to-finish perspective, comparing the January average rate of 1.0122 to the December average rate of 1.0084, the exchange rate registered a net change of -0.38% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 1.0232 was down 3.35% compared to the 2013 peak of 1.0587, 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 5,116 FJD

2013 Average 5,110 FJD

Yearly Trough Low 4,824 FJD

Transaction Impact: A difference of 291.56 FJD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

1.0156

0.9748

JanuMarcMayJulySeptNove

TOP to FJD 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 0.9999, compared to 0.9926 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0073 points.

H1 Avg (Jan–Jun) 0.9999

H2 Avg (Jul–Dec) 0.9926

Volatility Range Comparison

Volatility

The most volatile month in 2014 was August, with a trading range of 0.0331 FJD (High: 1.0164 / Low: 0.9833). On the other end, June was the most stable month, with a tight range of 0.0163 FJD (High: 0.9952 / Low: 0.9790).

August Spread (Volatile) ±0.0331

June Spread (Stable) ±0.0163

Growth Streaks & Declines

Trends

Between June and August, 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 April and May, when the average rate fell by 0.0130 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0130

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2014: 1.0122) against the same month in 2013 (average: 1.0173), the exchange rate shifted by -0.0051 (-0.50%).

2014 Avg (January) 1.0122

2013 Avg (January) 1.0173

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.0232	1.0030	1.0122
February	1.0122	0.9937	1.0038
March	1.0211	0.9916	1.0025
April	1.0153	0.9880	1.0031
May	1.0032	0.9837	0.9901
June	0.9952	0.9790	0.9875
July	1.0176	0.9922	0.9968
August	1.0164	0.9833	0.9988
September	1.0064	0.9789	0.9906
October	0.9926	0.9679	0.9825
November	0.9978	0.9649	0.9782
December	1.0186	0.9875	1.0084