2015 BIF to ZAR Historical Review

YEARLY HIGH

0.0103 ZAR

YEARLY LOW

0.0072 ZAR

YEARLY AVERAGE

0.0082 ZAR

2015 BIF to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2015

During 2015, the BIF to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on December 11, valuing the pair at 0.0103. Conversely, the yearly low was recorded on February 5, dropping to 0.0072.

This high-to-low spread represents a total annual volatility of 0.0031 ZAR. From a start-to-finish perspective, comparing the January average rate of 0.0074 to the December average rate of 0.0097, the exchange rate registered a net change of 31.22% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2015 high of 0.0103 was up 37.60% compared to the 2014 peak of 0.0075, 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 51 ZAR

2014 Average 35 ZAR

Yearly Trough Low 36 ZAR

Transaction Impact: A difference of 15.48 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2015.

0.0099

0.0071

JanuMarcMayJulySeptNove

BIF to ZAR 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 0.0076, compared to 0.0087 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0011 points.

H1 Avg (Jan–Jun) 0.0076

H2 Avg (Jul–Dec) 0.0087

Volatility Range Comparison

Volatility

The most volatile month in 2015 was December, with a trading range of 0.0011 ZAR (High: 0.0103 / Low: 0.0092). On the other end, January was the most stable month, with a tight range of 0.0002 ZAR (High: 0.0075 / Low: 0.0073).

December Spread (Volatile) ±0.0011

January Spread (Stable) ±0.0002

Growth Streaks & Declines

Trends

Between January and March, 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 June and July, when the average rate fell by 0.0001 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0001

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2015: 0.0097) against the same month in 2014 (average: 0.0073), the exchange rate shifted by +0.0023 (+31.78%).

2015 Avg (December) 0.0097

2014 Avg (December) 0.0073

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0075	0.0073	0.0074
February	0.0075	0.0072	0.0074
March	0.0079	0.0074	0.0077
April	0.0078	0.0075	0.0077
May	0.0078	0.0075	0.0076
June	0.0081	0.0077	0.0079
July	0.0082	0.0075	0.0077
August	0.0086	0.0081	0.0083
September	0.0090	0.0085	0.0088
October	0.0090	0.0084	0.0087
November	0.0093	0.0088	0.0091
December	0.0103	0.0092	0.0097