2014 TOP to MGA Historical Review

YEARLY HIGH

1397.3833 MGA

YEARLY LOW

1204.6252 MGA

YEARLY AVERAGE

1308.8936 MGA

2014 TOP to MGA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the TOP to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on September 6, valuing the pair at 1397.3833. Conversely, the yearly low was recorded on January 1, dropping to 1204.6252.

This high-to-low spread represents a total annual volatility of 192.7581 MGA. From a start-to-finish perspective, comparing the January average rate of 1217.3515 to the December average rate of 1324.2895, the exchange rate registered a net change of 8.78% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 1397.3833 was up 6.99% compared to the 2013 peak of 1306.0719, 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 6,986,917 MGA

2013 Average 6,181,053 MGA

Yearly Trough Low 6,023,126 MGA

Transaction Impact: A difference of 963,790.43 MGA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

1392.1150

1201.4639

JanuMarcMayJulySeptNove

TOP to MGA 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 1264.6826, compared to 1353.1045 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 88.4219 points.

H1 Avg (Jan–Jun) 1264.6826

H2 Avg (Jul–Dec) 1353.1045

Volatility Range Comparison

Volatility

The most volatile month in 2014 was August, with a trading range of 71.7059 MGA (High: 1385.6261 / Low: 1313.9202). On the other end, January was the most stable month, with a tight range of 27.9235 MGA (High: 1232.5487 / Low: 1204.6252).

August Spread (Volatile) ±71.7059

January Spread (Stable) ±27.9235

Growth Streaks & Declines

Trends

Between May and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 38.0330 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -38.0330

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2014: 1364.5637) against the same month in 2013 (average: 1205.0836), the exchange rate shifted by +159.4801 (+13.23%).

2014 Avg (September) 1364.5637

2013 Avg (September) 1205.0836

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1232.5487	1204.6252	1217.3515
February	1257.5022	1221.0493	1242.4710
March	1297.3250	1249.6374	1264.0705
April	1309.6036	1267.9948	1287.6264
May	1308.7534	1269.4376	1282.3900
June	1317.1713	1270.9350	1294.1865
July	1359.4439	1316.2891	1333.7181
August	1385.6261	1313.9202	1357.5061
September	1397.3833	1349.3815	1364.5637
October	1388.8487	1357.3591	1376.2274
November	1384.4260	1343.9902	1362.3224
December	1363.8342	1299.2994	1324.2895