2014 BND to NGN Historical Review

YEARLY HIGH

140.5752 NGN

YEARLY LOW

124.7986 NGN

YEARLY AVERAGE

130.2874 NGN

2014 BND to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the BND to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 17, valuing the pair at 140.5752. Conversely, the yearly low was recorded on January 22, dropping to 124.7986.

This high-to-low spread represents a total annual volatility of 15.7766 NGN. From a start-to-finish perspective, comparing the January average rate of 125.8175 to the December average rate of 138.2658, the exchange rate registered a net change of 9.89% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 140.5752 was up 8.54% compared to the 2013 peak of 129.5088, 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 702,876 NGN

2013 Average 636,583 NGN

Yearly Trough Low 623,993 NGN

Transaction Impact: A difference of 78,882.97 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

139.5107

124.5726

JanuMarcMayJulySeptNove

BND to NGN 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 129.0015, compared to 131.5733 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 2.5718 points.

H1 Avg (Jan–Jun) 129.0015

H2 Avg (Jul–Dec) 131.5733

Volatility Range Comparison

Volatility

The most volatile month in 2014 was November, with a trading range of 8.2247 NGN (High: 136.9552 / Low: 128.7305). On the other end, July was the most stable month, with a tight range of 1.0418 NGN (High: 130.9134 / Low: 129.8716).

November Spread (Volatile) ±8.2247

July Spread (Stable) ±1.0418

Growth Streaks & Declines

Trends

Between September and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.8204 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.8204

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 138.2658) against the same month in 2013 (average: 126.3442), the exchange rate shifted by +11.9217 (+9.44%).

2014 Avg (December) 138.2658

2013 Avg (December) 126.3442

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	127.5171	124.7986	125.8175
February	130.6821	127.0995	129.3695
March	131.0466	129.2189	130.0519
April	130.8704	127.9652	129.2315
May	130.1667	127.0656	129.1749
June	130.9000	129.2057	130.3639
July	130.9134	129.8716	130.5283
August	130.3347	128.9368	129.7807
September	129.9912	128.5291	129.1092
October	129.9549	127.9700	129.1943
November	136.9552	128.7305	132.5615
December	140.5752	136.8551	138.2658