2014 BND to LTL Historical Review

YEARLY HIGH

2.1510 LTL

YEARLY LOW

1.9610 LTL

YEARLY AVERAGE

2.0535 LTL

2014 BND to LTL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the BND to LTL exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 2.1510. Conversely, the yearly low was recorded on March 12, dropping to 1.9610.

This high-to-low spread represents a total annual volatility of 0.1900 LTL. From a start-to-finish perspective, comparing the January average rate of 1.9919 to the December average rate of 2.1307, the exchange rate registered a net change of 6.97% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 2.1510 was down 1.06% compared to the 2013 peak of 2.1740, 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 10,755 LTL

2013 Average 10,396 LTL

Yearly Trough Low 9,805 LTL

Transaction Impact: A difference of 949.95 LTL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

2.1541

1.9547

JanuMarcMayJulySeptNove

BND to LTL 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 1.9982, compared to 2.1087 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1105 points.

H1 Avg (Jan–Jun) 1.9982

H2 Avg (Jul–Dec) 2.1087

Volatility Range Comparison

Volatility

The most volatile month in 2014 was July, with a trading range of 0.0464 LTL (High: 2.0716 / Low: 2.0252). On the other end, April was the most stable month, with a tight range of 0.0143 LTL (High: 1.9982 / Low: 1.9839).

July Spread (Volatile) ±0.0464

April Spread (Stable) ±0.0143

Growth Streaks & Declines

Trends

Between March and October, 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 February and March, when the average rate fell by 0.0247 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.0247

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 2.1307) against the same month in 2013 (average: 2.0009), the exchange rate shifted by +0.1298 (+6.49%).

2014 Avg (December) 2.1307

2013 Avg (December) 2.0009

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.0046	1.9694	1.9919
February	2.0125	1.9772	1.9960
March	1.9943	1.9610	1.9713
April	1.9982	1.9839	1.9922
May	2.0216	1.9863	2.0081
June	2.0426	2.0175	2.0296
July	2.0716	2.0252	2.0509
August	2.1016	2.0575	2.0764
September	2.1438	2.0984	2.1197
October	2.1507	2.1223	2.1375
November	2.1507	2.1122	2.1372
December	2.1510	2.1126	2.1307