2014 TOP to KES Historical Review

YEARLY HIGH

48.7125 KES

YEARLY LOW

44.7758 KES

YEARLY AVERAGE

46.6080 KES

2014 TOP to KES Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the TOP to KES exchange rate experienced significant fluctuation. The market reached its absolute peak on July 13, valuing the pair at 48.7125. Conversely, the yearly low was recorded on November 10, dropping to 44.7758.

This high-to-low spread represents a total annual volatility of 3.9368 KES. From a start-to-finish perspective, comparing the January average rate of 46.3298 to the December average rate of 46.0731, the exchange rate registered a net change of -0.55% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 48.7125 was down 4.09% compared to the 2013 peak of 50.7917, 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 243,563 KES

2013 Average 240,399 KES

Yearly Trough Low 223,879 KES

Transaction Impact: A difference of 19,683.78 KES purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

47.8776

44.9803

JanuMarcMayJulySeptNove

TOP to KES 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 46.7974, compared to 46.4185 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.3790 points.

H1 Avg (Jan–Jun) 46.7974

H2 Avg (Jul–Dec) 46.4185

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 2.2934 KES (High: 47.9285 / Low: 45.6351). On the other end, June was the most stable month, with a tight range of 0.7768 KES (High: 47.4632 / Low: 46.6863).

September Spread (Volatile) ±2.2934

June Spread (Stable) ±0.7768

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 1.1403 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -1.1403

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2014: 47.6361) against the same month in 2013 (average: 47.0787), the exchange rate shifted by +0.5575 (+1.18%).

2014 Avg (July) 47.6361

2013 Avg (July) 47.0787

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	47.1242	45.8485	46.3298
February	46.5835	45.6723	46.1369
March	47.4481	46.2609	46.6141
April	48.0900	46.6531	47.3728
May	47.9430	46.8136	47.1735
June	47.4632	46.6863	47.1575
July	48.7125	47.1111	47.6361
August	48.3493	46.7092	47.4466
September	47.9285	45.6351	46.6367
October	46.0403	45.1259	45.4965
November	46.1015	44.7758	45.2217
December	46.4004	45.5756	46.0731