2014 TOP to GMD Historical Review

YEARLY HIGH

22.1844 GMD

YEARLY LOW

20.0367 GMD

YEARLY AVERAGE

21.1392 GMD

2014 TOP to GMD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the TOP to GMD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 8, valuing the pair at 22.1844. Conversely, the yearly low was recorded on October 15, dropping to 20.0367.

This high-to-low spread represents a total annual volatility of 2.1477 GMD. From a start-to-finish perspective, comparing the January average rate of 20.4552 to the December average rate of 21.9621, the exchange rate registered a net change of 7.37% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 22.1844 was up 5.59% compared to the 2013 peak of 21.0099, 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 110,922 GMD

2013 Average 94,514 GMD

Yearly Trough Low 100,183 GMD

Transaction Impact: A difference of 10,738.70 GMD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

22.1182

20.2449

JanuMarcMayJulySeptNove

TOP to GMD 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 20.9012, compared to 21.3773 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.4761 points.

H1 Avg (Jan–Jun) 20.9012

H2 Avg (Jul–Dec) 21.3773

Volatility Range Comparison

Volatility

The most volatile month in 2014 was October, with a trading range of 1.9038 GMD (High: 21.9405 / Low: 20.0367). On the other end, January was the most stable month, with a tight range of 0.3474 GMD (High: 20.6252 / Low: 20.2778).

October Spread (Volatile) ±1.9038

January Spread (Stable) ±0.3474

Growth Streaks & Declines

Trends

Between February and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.5660 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.5660

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 21.9621) against the same month in 2013 (average: 20.4169), the exchange rate shifted by +1.5452 (+7.57%).

2014 Avg (December) 21.9621

2013 Avg (December) 20.4169

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	20.6252	20.2778	20.4552
February	20.6689	20.2263	20.4010
March	20.8834	20.3888	20.5443
April	21.9811	20.4742	21.2359
May	21.7885	21.1849	21.4055
June	21.6255	21.1365	21.3651
July	22.0437	21.2574	21.5096
August	21.8415	21.0586	21.3855
September	21.5011	20.2529	20.8195
October	21.9405	20.0367	20.9075
November	22.0271	21.4760	21.6794
December	22.1844	21.7559	21.9621