2014 TOP to SGD Historical Review

YEARLY HIGH

0.6983 SGD

YEARLY LOW

0.6431 SGD

YEARLY AVERAGE

0.6716 SGD

2014 TOP to SGD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the TOP to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 23, valuing the pair at 0.6983. Conversely, the yearly low was recorded on November 12, dropping to 0.6431.

This high-to-low spread represents a total annual volatility of 0.0552 SGD. From a start-to-finish perspective, comparing the January average rate of 0.6833 to the December average rate of 0.6705, the exchange rate registered a net change of -1.86% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.6983 was down 3.85% compared to the 2013 peak of 0.7262, 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 3,491 SGD

2013 Average 3,493 SGD

Yearly Trough Low 3,215 SGD

Transaction Impact: A difference of 275.96 SGD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.6886

0.6468

JanuMarcMayJulySeptNove

TOP to SGD 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 0.6795, compared to 0.6637 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0158 points.

H1 Avg (Jan–Jun) 0.6795

H2 Avg (Jul–Dec) 0.6637

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 0.0256 SGD (High: 0.6778 / Low: 0.6522). On the other end, February was the most stable month, with a tight range of 0.0092 SGD (High: 0.6825 / Low: 0.6734).

September Spread (Volatile) ±0.0256

February Spread (Stable) ±0.0092

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 0.0129 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0129

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2014: 0.6827) against the same month in 2013 (average: 0.7129), the exchange rate shifted by -0.0301 (-4.23%).

2014 Avg (March) 0.6827

2013 Avg (March) 0.7129

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6914	0.6779	0.6833
February	0.6825	0.6734	0.6773
March	0.6983	0.6786	0.6827
April	0.6924	0.6746	0.6851
May	0.6865	0.6709	0.6755
June	0.6764	0.6665	0.6733
July	0.6894	0.6690	0.6748
August	0.6832	0.6610	0.6721
September	0.6778	0.6522	0.6632
October	0.6562	0.6442	0.6503
November	0.6648	0.6431	0.6514
December	0.6778	0.6612	0.6705