2014 BND to ETB Historical Review

YEARLY HIGH

15.9511 ETB

YEARLY LOW

14.9956 ETB

YEARLY AVERAGE

15.5239 ETB

2014 BND to ETB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the BND to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on July 23, valuing the pair at 15.9511. Conversely, the yearly low was recorded on February 5, dropping to 14.9956.

This high-to-low spread represents a total annual volatility of 0.9555 ETB. From a start-to-finish perspective, comparing the January average rate of 15.0607 to the December average rate of 15.3263, the exchange rate registered a net change of 1.76% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 15.9511 was up 3.90% compared to the 2013 peak of 15.3520, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 79,756 ETB

2013 Average 74,802 ETB

Yearly Trough Low 74,978 ETB

Transaction Impact: A difference of 4,777.61 ETB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

15.9629

14.9787

JanuMarcMayJulySeptNove

BND to ETB 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 15.3716, compared to 15.6763 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.3047 points.

H1 Avg (Jan–Jun) 15.3716

H2 Avg (Jul–Dec) 15.6763

Volatility Range Comparison

Volatility

The most volatile month in 2014 was February, with a trading range of 0.3013 ETB (High: 15.2969 / Low: 14.9956). On the other end, May was the most stable month, with a tight range of 0.1076 ETB (High: 15.6466 / Low: 15.5390).

February Spread (Volatile) ±0.3013

May Spread (Stable) ±0.1076

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 October and November, when the average rate fell by 0.1946 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.1946

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2014: 15.8681) against the same month in 2013 (average: 14.8028), the exchange rate shifted by +1.0654 (+7.20%).

2014 Avg (July) 15.8681

2013 Avg (July) 14.8028

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	15.1221	14.9993	15.0607
February	15.2969	14.9956	15.1932
March	15.3888	15.0990	15.2308
April	15.5785	15.3721	15.4987
May	15.6466	15.5390	15.5879
June	15.7098	15.5705	15.6580
July	15.9511	15.7233	15.8681
August	15.9352	15.8196	15.8809
September	15.9157	15.6560	15.7760
October	15.7489	15.6339	15.7005
November	15.6587	15.4176	15.5059
December	15.4603	15.2466	15.3263