Consider the relation: $$E_{Activation}=E_{Threshold} - E_{Avg}$$
Here the $E_{Avg}$ refers to the Potential Energy of the reactants. Now in order of meet $E_{Threshold}$ , the molecules must have sufficient Kinetic Energy which is measured in terms of $E_{Activation}$.
Hence when we write Arrhenius equation: $$k=Ae^{-\frac {E_{activation}}{RT}}$$
The term $exp(-E_{activation}/RT)$ means the number of molecules having Kinetic Energy greater than Activation Energy which coherently measures the minimum Kinetic Energy reactants need to have for reaction
Do my arguments make sense?