2015 BIF to MNT Historical Review

YEARLY HIGH

1.2982 MNT

YEARLY LOW

1.1916 MNT

YEARLY AVERAGE

1.2556 MNT

2015 BIF to MNT Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2015

During 2015, the BIF to MNT exchange rate experienced significant fluctuation. The market reached its absolute peak on December 14, valuing the pair at 1.2982. Conversely, the yearly low was recorded on June 9, dropping to 1.1916.

This high-to-low spread represents a total annual volatility of 0.1066 MNT. From a start-to-finish perspective, comparing the January average rate of 1.2252 to the December average rate of 1.2816, the exchange rate registered a net change of 4.60% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2015 high of 1.2982 was up 6.72% compared to the 2014 peak of 1.2164, 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 6,491 MNT

2014 Average 5,823 MNT

Yearly Trough Low 5,958 MNT

Transaction Impact: A difference of 532.95 MNT purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2015.

1.2886

1.2048

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 1.2411, compared to 1.2701 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0290 points.

H1 Avg (Jan–Jun) 1.2411

H2 Avg (Jul–Dec) 1.2701

Volatility Range Comparison

Volatility

The most volatile month in 2015 was July, with a trading range of 0.0690 MNT (High: 1.2731 / Low: 1.2041). On the other end, March was the most stable month, with a tight range of 0.0170 MNT (High: 1.2726 / Low: 1.2556).

July Spread (Volatile) ±0.0690

March Spread (Stable) ±0.0170

Growth Streaks & Declines

Trends

Between June and September, 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 May and June, when the average rate fell by 0.0251 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0251

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2015: 1.2816) against the same month in 2014 (average: 1.2009), the exchange rate shifted by +0.0807 (+6.72%).

2015 Avg (December) 1.2816

2014 Avg (December) 1.2009

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.2438	1.2012	1.2252
February	1.2625	1.2301	1.2483
March	1.2726	1.2556	1.2630
April	1.2770	1.2445	1.2611
May	1.2585	1.2223	1.2369
June	1.2473	1.1916	1.2118
July	1.2731	1.2041	1.2248
August	1.2861	1.2674	1.2778
September	1.2931	1.2631	1.2792
October	1.2949	1.2652	1.2789
November	1.2854	1.2672	1.2782
December	1.2982	1.2677	1.2816