2014 AZN to BIF Historical Review

YEARLY HIGH

2009.4319 BIF

YEARLY LOW

1956.3372 BIF

YEARLY AVERAGE

1979.8170 BIF

2014 AZN to BIF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the AZN to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on October 12, valuing the pair at 2009.4319. Conversely, the yearly low was recorded on October 4, dropping to 1956.3372.

This high-to-low spread represents a total annual volatility of 53.0948 BIF. From a start-to-finish perspective, comparing the January average rate of 1975.0959 to the December average rate of 1995.8716, the exchange rate registered a net change of 1.05% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 2009.4319 was down 0.29% compared to the 2013 peak of 2015.2281, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 10,047,160 BIF

2013 Average 9,876,785 BIF

Yearly Trough Low 9,781,686 BIF

Transaction Impact: A difference of 265,473.85 BIF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

1998.2499

1969.7109

JanuMarcMayJulySeptNove

AZN to BIF 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 1975.5310, compared to 1984.1030 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 8.5721 points.

H1 Avg (Jan–Jun) 1975.5310

H2 Avg (Jul–Dec) 1984.1030

Volatility Range Comparison

Volatility

The most volatile month in 2014 was October, with a trading range of 53.0948 BIF (High: 2009.4319 / Low: 1956.3372). On the other end, April was the most stable month, with a tight range of 14.6576 BIF (High: 1982.1404 / Low: 1967.4828).

October Spread (Volatile) ±53.0948

April Spread (Stable) ±14.6576

Growth Streaks & Declines

Trends

Between September and December, 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 March and April, when the average rate fell by 4.3412 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -4.3412

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2014: 1988.8743) against the same month in 2013 (average: 1967.1590), the exchange rate shifted by +21.7153 (+1.10%).

2014 Avg (October) 1988.8743

2013 Avg (October) 1967.1590

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1983.4960	1964.0222	1975.0959
February	1984.3890	1958.8711	1977.9156
March	1984.8963	1970.2266	1979.7272
April	1982.1404	1967.4828	1975.3860
May	1982.5171	1965.5957	1972.9718
June	1982.9938	1965.1407	1972.0892
July	1984.6436	1958.9556	1975.3278
August	1984.3618	1965.9482	1976.5085
September	1986.8608	1966.8517	1975.8050
October	2009.4319	1956.3372	1988.8743
November	1998.8529	1983.9136	1992.2310
December	2009.1291	1982.4706	1995.8716