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2014 BTN to ZAR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2014
During 2014, the BTN to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on December 11, valuing the pair at 0.1863. Conversely, the yearly low was recorded on January 1, dropping to 0.1698.
This high-to-low spread represents a total annual volatility of 0.0165 ZAR. From a start-to-finish perspective, comparing the January average rate of 0.1748 to the December average rate of 0.1832, the exchange rate registered a net change of 4.78% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2014 high of 0.1863 was up 4.36% compared to the 2013 peak of 0.1785, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 BTN based on timing:
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BTN to ZAR Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: JanâJun) was 0.1760, compared to 0.1795 in the second half (H2: JulâDec). This shows that the rate was stronger in the second half (JulâDec) by a margin of 0.0035 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2014 was January, with a trading range of 0.0102 ZAR (High: 0.1800 / Low: 0.1698). On the other end, April was the most stable month, with a tight range of 0.0041 ZAR (High: 0.1771 / Low: 0.1730).
Growth Streaks & Declines
TrendsBetween April and June, 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 July and August, when the average rate fell by 0.0023 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2014: 0.1832) against the same month in 2013 (average: 0.1674), the exchange rate shifted by +0.0158 (+9.41%).
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| Month | High | Low | Average |
|---|---|---|---|
| January | 0.1800 | 0.1698 | 0.1748 |
| February | 0.1794 | 0.1729 | 0.1762 |
| March | 0.1787 | 0.1733 | 0.1762 |
| April | 0.1771 | 0.1730 | 0.1748 |
| May | 0.1786 | 0.1726 | 0.1753 |
| June | 0.1812 | 0.1761 | 0.1785 |
| July | 0.1801 | 0.1749 | 0.1775 |
| August | 0.1770 | 0.1729 | 0.1752 |
| September | 0.1835 | 0.1764 | 0.1806 |
| October | 0.1843 | 0.1770 | 0.1805 |
| November | 0.1833 | 0.1772 | 0.1797 |
| December | 0.1863 | 0.1773 | 0.1832 |