2014 BIF to MNT Historical Review

YEARLY HIGH

1.2164 MNT

YEARLY LOW

1.0626 MNT

YEARLY AVERAGE

1.1644 MNT

2014 BIF to MNT Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the BIF to MNT exchange rate experienced significant fluctuation. The market reached its absolute peak on August 14, valuing the pair at 1.2164. Conversely, the yearly low was recorded on January 2, dropping to 1.0626.

This high-to-low spread represents a total annual volatility of 0.1539 MNT. From a start-to-finish perspective, comparing the January average rate of 1.0921 to the December average rate of 1.2009, the exchange rate registered a net change of 9.96% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 1.2164 was up 8.94% compared to the 2013 peak of 1.1166, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 6,082 MNT

2013 Average 4,881 MNT

Yearly Trough Low 5,313 MNT

Transaction Impact: A difference of 769.27 MNT purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

1.2118

1.0812

JanuMarcMayJulySeptNove

BIF to MNT 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 1.1383, compared to 1.1904 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0521 points.

H1 Avg (Jan–Jun) 1.1383

H2 Avg (Jul–Dec) 1.1904

Volatility Range Comparison

Volatility

The most volatile month in 2014 was February, with a trading range of 0.0481 MNT (High: 1.1382 / Low: 1.0902). On the other end, April was the most stable month, with a tight range of 0.0154 MNT (High: 1.1523 / Low: 1.1368).

February Spread (Volatile) ±0.0481

April Spread (Stable) ±0.0154

Growth Streaks & Declines

Trends

Between January and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0170 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.0170

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2014: 1.1966) against the same month in 2013 (average: 1.0118), the exchange rate shifted by +0.1848 (+18.26%).

2014 Avg (August) 1.1966

2013 Avg (August) 1.0118

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.1087	1.0626	1.0921
February	1.1382	1.0902	1.1188
March	1.1474	1.1136	1.1334
April	1.1523	1.1368	1.1449
May	1.1748	1.1460	1.1637
June	1.1838	1.1653	1.1769
July	1.2053	1.1731	1.1843
August	1.2164	1.1695	1.1966
September	1.1867	1.1610	1.1796
October	1.1957	1.1693	1.1825
November	1.2078	1.1887	1.1987
December	1.2090	1.1909	1.2009