2014 BTN to IRR Historical Review

YEARLY HIGH

440.6892 IRR

YEARLY LOW

393.1953 IRR

YEARLY AVERAGE

423.4191 IRR

2014 BTN to IRR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the BTN to IRR exchange rate experienced significant fluctuation. The market reached its absolute peak on September 8, valuing the pair at 440.6892. Conversely, the yearly low was recorded on January 27, dropping to 393.1953.

This high-to-low spread represents a total annual volatility of 47.4939 IRR. From a start-to-finish perspective, comparing the January average rate of 398.7696 to the December average rate of 428.6091, the exchange rate registered a net change of 7.48% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 440.6892 was up 8.00% compared to the 2013 peak of 408.0642, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,203,446 IRR

2013 Average 1,470,554 IRR

Yearly Trough Low 1,965,976 IRR

Transaction Impact: A difference of 237,469.66 IRR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

440.9129

394.9384

JanuMarcMayJulySeptNove

BTN to IRR 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 414.1968, compared to 432.6414 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 18.4446 points.

H1 Avg (Jan–Jun) 414.1968

H2 Avg (Jul–Dec) 432.6414

Volatility Range Comparison

Volatility

The most volatile month in 2014 was March, with a trading range of 20.9959 IRR (High: 422.4083 / Low: 401.4124). On the other end, November was the most stable month, with a tight range of 3.1191 IRR (High: 434.4179 / Low: 431.2988).

March Spread (Volatile) ±20.9959

November Spread (Stable) ±3.1191

Growth Streaks & Declines

Trends

Between January and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 4.3712 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -4.3712

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2014: 437.0817) against the same month in 2013 (average: 388.8862), the exchange rate shifted by +48.1955 (+12.39%).

2014 Avg (September) 437.0817

2013 Avg (September) 388.8862

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	402.9790	393.1953	398.7696
February	401.4667	396.1845	399.1820
March	422.4083	401.4124	409.8438
April	422.5881	414.7515	419.5366
May	436.9050	422.5420	429.6960
June	432.2335	423.6071	428.1528
July	435.6503	426.2772	430.0139
August	438.5247	428.2710	433.1039
September	440.6892	431.6847	437.0817
October	435.8641	431.5862	434.0595
November	434.4179	431.2988	432.9802
December	434.1786	422.6002	428.6091