2014 TOP to NIO Historical Review

YEARLY HIGH

14.4517 NIO

YEARLY LOW

13.2052 NIO

YEARLY AVERAGE

13.7674 NIO

2014 TOP to NIO Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the TOP to NIO exchange rate experienced significant fluctuation. The market reached its absolute peak on July 13, valuing the pair at 14.4517. Conversely, the yearly low was recorded on November 11, dropping to 13.2052.

This high-to-low spread represents a total annual volatility of 1.2466 NIO. From a start-to-finish perspective, comparing the January average rate of 13.6467 to the December average rate of 13.5003, the exchange rate registered a net change of -1.07% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 14.4517 was up 1.45% compared to the 2013 peak of 14.2446, 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 72,259 NIO

2013 Average 68,886 NIO

Yearly Trough Low 66,026 NIO

Transaction Impact: A difference of 6,232.75 NIO purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

14.1962

13.2781

JanuMarcMayJulySeptNove

TOP to NIO 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 13.8238, compared to 13.7110 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1128 points.

H1 Avg (Jan–Jun) 13.8238

H2 Avg (Jul–Dec) 13.7110

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 0.7690 NIO (High: 14.1767 / Low: 13.4077). On the other end, January was the most stable month, with a tight range of 0.2370 NIO (High: 13.7694 / Low: 13.5323).

September Spread (Volatile) ±0.7690

January Spread (Stable) ±0.2370

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 August and September, when the average rate fell by 0.2828 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.2828

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2014: 14.1197) against the same month in 2013 (average: 13.4490), the exchange rate shifted by +0.6707 (+4.99%).

2014 Avg (July) 14.1197

2013 Avg (July) 13.4490

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	13.7694	13.5323	13.6467
February	13.7512	13.4976	13.6238
March	14.0678	13.6128	13.7672
April	14.2711	13.8298	14.0480
May	14.1789	13.7721	13.9106
June	14.0688	13.7778	13.9463
July	14.4517	13.9625	14.1197
August	14.2970	13.8172	14.0404
September	14.1767	13.4077	13.7576
October	13.6310	13.3292	13.4934
November	13.5833	13.2052	13.3546
December	13.6432	13.3985	13.5003