2014 BTN to RWF Historical Review

YEARLY HIGH

11.6648 RWF

YEARLY LOW

10.7640 RWF

YEARLY AVERAGE

11.2247 RWF

2014 BTN to RWF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the BTN to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on May 24, valuing the pair at 11.6648. Conversely, the yearly low was recorded on January 27, dropping to 10.7640.

This high-to-low spread represents a total annual volatility of 0.9008 RWF. From a start-to-finish perspective, comparing the January average rate of 10.9383 to the December average rate of 11.0172, the exchange rate registered a net change of 0.72% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 11.6648 was down 2.73% compared to the 2013 peak of 11.9928, 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 58,324 RWF

2013 Average 55,641 RWF

Yearly Trough Low 53,820 RWF

Transaction Impact: A difference of 4,503.97 RWF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

11.5343

10.8577

JanuMarcMayJulySeptNove

BTN to RWF 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 11.1940, compared to 11.2555 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0615 points.

H1 Avg (Jan–Jun) 11.1940

H2 Avg (Jul–Dec) 11.2555

Volatility Range Comparison

Volatility

The most volatile month in 2014 was March, with a trading range of 0.4237 RWF (High: 11.3756 / Low: 10.9519). On the other end, February was the most stable month, with a tight range of 0.1467 RWF (High: 10.9870 / Low: 10.8403).

March Spread (Volatile) ±0.4237

February Spread (Stable) ±0.1467

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 0.1629 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.1629

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2014: 11.4779) against the same month in 2013 (average: 11.7494), the exchange rate shifted by -0.2714 (-2.31%).

2014 Avg (May) 11.4779

2013 Avg (May) 11.7494

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	11.0843	10.7640	10.9383
February	10.9870	10.8403	10.9141
March	11.3756	10.9519	11.1564
April	11.3676	11.1348	11.2837
May	11.6648	11.2936	11.4779
June	11.5286	11.2961	11.3937
July	11.5040	11.2855	11.3855
August	11.4288	11.2674	11.3502
September	11.4727	11.1703	11.3491
October	11.3184	11.1566	11.2507
November	11.3003	11.1065	11.1801
December	11.1992	10.8662	11.0172