2014 TOP to TRY Historical Review

YEARLY HIGH

1.2575 TRY

YEARLY LOW

1.1063 TRY

YEARLY AVERAGE

1.1593 TRY

2014 TOP to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the TOP to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on January 26, valuing the pair at 1.2575. Conversely, the yearly low was recorded on November 27, dropping to 1.1063.

This high-to-low spread represents a total annual volatility of 0.1512 TRY. From a start-to-finish perspective, comparing the January average rate of 1.1919 to the December average rate of 1.1690, the exchange rate registered a net change of -1.92% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 1.2575 was up 7.99% compared to the 2013 peak of 1.1644, 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 6,287 TRY

2013 Average 5,314 TRY

Yearly Trough Low 5,532 TRY

Transaction Impact: A difference of 755.88 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

1.1994

1.1157

JanuMarcMayJulySeptNove

TOP to TRY 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 1.1658, compared to 1.1527 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0131 points.

H1 Avg (Jan–Jun) 1.1658

H2 Avg (Jul–Dec) 1.1527

Volatility Range Comparison

Volatility

The most volatile month in 2014 was January, with a trading range of 0.1050 TRY (High: 1.2575 / Low: 1.1525). On the other end, September was the most stable month, with a tight range of 0.0258 TRY (High: 1.1759 / Low: 1.1501).

January Spread (Volatile) ±0.1050

September Spread (Stable) ±0.0258

Growth Streaks & Declines

Trends

Between May and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0323 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0323

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2014: 1.1919) against the same month in 2013 (average: 1.0210), the exchange rate shifted by +0.1709 (+16.74%).

2014 Avg (January) 1.1919

2013 Avg (January) 1.0210

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.2575	1.1525	1.1919
February	1.2094	1.1687	1.1813
March	1.2262	1.1615	1.1925
April	1.1800	1.1374	1.1607
May	1.1440	1.1148	1.1284
June	1.1593	1.1090	1.1401
July	1.1774	1.1331	1.1502
August	1.1894	1.1421	1.1621
September	1.1759	1.1501	1.1617
October	1.1771	1.1144	1.1507
November	1.1429	1.1063	1.1227
December	1.1980	1.1220	1.1690