2014 BIF to MRO Historical Review

YEARLY HIGH

0.1919 MRO

YEARLY LOW

0.1841 MRO

YEARLY AVERAGE

0.1882 MRO

2014 BIF to MRO Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the BIF to MRO exchange rate experienced significant fluctuation. The market reached its absolute peak on April 13, valuing the pair at 0.1919. Conversely, the yearly low was recorded on December 5, dropping to 0.1841.

This high-to-low spread represents a total annual volatility of 0.0078 MRO. From a start-to-finish perspective, comparing the January average rate of 0.1878 to the December average rate of 0.1859, the exchange rate registered a net change of -1.00% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.1919 was down 4.74% compared to the 2013 peak of 0.2015, 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 960 MRO

2013 Average 948 MRO

Yearly Trough Low 920 MRO

Transaction Impact: A difference of 39.10 MRO purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.1910

0.1854

JanuMarcMayJulySeptNove

BIF to MRO 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 0.1888, compared to 0.1875 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0013 points.

H1 Avg (Jan–Jun) 0.1888

H2 Avg (Jul–Dec) 0.1875

Volatility Range Comparison

Volatility

The most volatile month in 2014 was October, with a trading range of 0.0063 MRO (High: 0.1908 / Low: 0.1846). On the other end, January was the most stable month, with a tight range of 0.0019 MRO (High: 0.1884 / Low: 0.1865).

October Spread (Volatile) ±0.0063

January Spread (Stable) ±0.0019

Growth Streaks & Declines

Trends

Between February and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0010 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0010

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2014: 0.1905) against the same month in 2013 (average: 0.1743), the exchange rate shifted by +0.0163 (+9.34%).

2014 Avg (April) 0.1905

2013 Avg (April) 0.1743

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1884	0.1865	0.1878
February	0.1895	0.1859	0.1875
March	0.1917	0.1868	0.1884
April	0.1919	0.1891	0.1905
May	0.1917	0.1880	0.1898
June	0.1897	0.1878	0.1890
July	0.1901	0.1873	0.1884
August	0.1893	0.1874	0.1885
September	0.1897	0.1868	0.1882
October	0.1908	0.1846	0.1873
November	0.1890	0.1853	0.1869
December	0.1876	0.1841	0.1859