2014 ANG to LTL Historical Review

YEARLY HIGH

1.5921 LTL

YEARLY LOW

1.3861 LTL

YEARLY AVERAGE

1.4561 LTL

2014 ANG to LTL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the ANG to LTL exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 1.5921. Conversely, the yearly low was recorded on March 18, dropping to 1.3861.

This high-to-low spread represents a total annual volatility of 0.2060 LTL. From a start-to-finish perspective, comparing the January average rate of 1.4170 to the December average rate of 1.5694, the exchange rate registered a net change of 10.76% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 1.5921 was up 5.61% compared to the 2013 peak of 1.5075, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 ANG based on timing:

Yearly Peak High 7,961 LTL

2013 Average 7,276 LTL

Yearly Trough Low 6,931 LTL

Transaction Impact: A difference of 1,030.00 LTL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

1.5867

1.3786

JanuMarcMayJulySeptNove

ANG to LTL 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 1.4087, compared to 1.5036 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0948 points.

H1 Avg (Jan–Jun) 1.4087

H2 Avg (Jul–Dec) 1.5036

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 0.0586 LTL (High: 1.5285 / Low: 1.4699). On the other end, June was the most stable month, with a tight range of 0.0154 LTL (High: 1.4274 / Low: 1.4121).

September Spread (Volatile) ±0.0586

June Spread (Stable) ±0.0154

Growth Streaks & Declines

Trends

Between March and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 9 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0176 points.

Longest Streak 9 Mo.

Sharpest MoM Drop -0.0176

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 1.5694) against the same month in 2013 (average: 1.4088), the exchange rate shifted by +0.1606 (+11.40%).

2014 Avg (December) 1.5694

2013 Avg (December) 1.4088

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.4285	1.4022	1.4170
February	1.4309	1.4038	1.4136
March	1.4049	1.3861	1.3960
April	1.4086	1.3903	1.3980
May	1.4204	1.3889	1.4069
June	1.4274	1.4121	1.4209
July	1.4430	1.4128	1.4268
August	1.4711	1.4395	1.4510
September	1.5285	1.4699	1.4992
October	1.5442	1.5116	1.5258
November	1.5582	1.5387	1.5492
December	1.5921	1.5458	1.5694