2014 BTN to MRO Historical Review

YEARLY HIGH

5.0508 MRO

YEARLY LOW

4.5752 MRO

YEARLY AVERAGE

4.7889 MRO

2014 BTN to MRO Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the BTN to MRO exchange rate experienced significant fluctuation. The market reached its absolute peak on May 19, valuing the pair at 5.0508. Conversely, the yearly low was recorded on December 28, dropping to 4.5752.

This high-to-low spread represents a total annual volatility of 0.4756 MRO. From a start-to-finish perspective, comparing the January average rate of 4.6850 to the December average rate of 4.6349, the exchange rate registered a net change of -1.07% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 5.0508 was down 11.15% compared to the 2013 peak of 5.6848, 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 25,254 MRO

2013 Average 25,164 MRO

Yearly Trough Low 22,876 MRO

Transaction Impact: A difference of 2,378.13 MRO purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

4.9803

4.6035

JanuMarcMayJulySeptNove

BTN to MRO 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 4.8149, compared to 4.7630 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0519 points.

H1 Avg (Jan–Jun) 4.8149

H2 Avg (Jul–Dec) 4.7630

Volatility Range Comparison

Volatility

The most volatile month in 2014 was March, with a trading range of 0.2835 MRO (High: 4.9775 / Low: 4.6940). On the other end, July was the most stable month, with a tight range of 0.0663 MRO (High: 4.8959 / Low: 4.8297).

March Spread (Volatile) ±0.2835

July Spread (Stable) ±0.0663

Growth Streaks & Declines

Trends

Between February and May, 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 November and December, when the average rate fell by 0.0980 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0980

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2014: 4.9489) against the same month in 2013 (average: 5.0958), the exchange rate shifted by -0.1469 (-2.88%).

2014 Avg (May) 4.9489

2013 Avg (May) 5.0958

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	4.7457	4.6111	4.6850
February	4.7122	4.6263	4.6740
March	4.9775	4.6940	4.7967
April	4.9494	4.8373	4.8911
May	5.0508	4.8737	4.9489
June	4.9548	4.8254	4.8934
July	4.8959	4.8297	4.8582
August	4.8571	4.7549	4.7994
September	4.8562	4.7250	4.7933
October	4.8005	4.7005	4.7591
November	4.7949	4.6881	4.7329
December	4.6936	4.5752	4.6349