2014 TOP to MNT Historical Review

YEARLY HIGH

1032.7706 MNT

YEARLY LOW

883.4153 MNT

YEARLY AVERAGE

957.9330 MNT

2014 TOP to MNT Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the TOP to MNT exchange rate experienced significant fluctuation. The market reached its absolute peak on August 17, valuing the pair at 1032.7706. Conversely, the yearly low was recorded on January 2, dropping to 883.4153.

This high-to-low spread represents a total annual volatility of 149.3553 MNT. From a start-to-finish perspective, comparing the January average rate of 908.4491 to the December average rate of 957.2615, the exchange rate registered a net change of 5.37% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 1032.7706 was up 8.90% compared to the 2013 peak of 948.3855, 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 5,163,853 MNT

2013 Average 4,215,937 MNT

Yearly Trough Low 4,417,077 MNT

Transaction Impact: A difference of 746,776.49 MNT purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

1007.0528

899.4851

JanuMarcMayJulySeptNove

TOP to MNT 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 950.5999, compared to 965.2660 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 14.6661 points.

H1 Avg (Jan–Jun) 950.5999

H2 Avg (Jul–Dec) 965.2660

Volatility Range Comparison

Volatility

The most volatile month in 2014 was August, with a trading range of 64.6736 MNT (High: 1032.7706 / Low: 968.0971). On the other end, October was the most stable month, with a tight range of 16.1640 MNT (High: 949.3638 / Low: 933.1998).

August Spread (Volatile) ±64.6736

October Spread (Stable) ±16.1640

Growth Streaks & Declines

Trends

Between January and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 39.1048 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -39.1048

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2014: 998.0888) against the same month in 2013 (average: 839.9778), the exchange rate shifted by +158.1110 (+18.82%).

2014 Avg (August) 998.0888

2013 Avg (August) 839.9778

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	922.4532	883.4153	908.4491
February	952.5731	898.1720	927.9267
March	966.7036	926.2072	947.8523
April	981.6204	955.1155	968.2989
May	989.9464	960.8305	971.5095
June	988.3271	967.7138	979.5632
July	1016.3539	989.7182	995.6206
August	1032.7706	968.0971	998.0888
September	987.1827	937.1301	958.9841
October	949.3638	933.1998	940.2455
November	962.0946	932.2532	941.3957
December	962.4963	945.1546	957.2615