2014 BWP to SZL Historical Review

YEARLY HIGH

1.2379 SZL

YEARLY LOW

1.1880 SZL

YEARLY AVERAGE

1.2084 SZL

2014 BWP to SZL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the BWP to SZL exchange rate experienced significant fluctuation. The market reached its absolute peak on January 29, valuing the pair at 1.2379. Conversely, the yearly low was recorded on May 24, dropping to 1.1880.

This high-to-low spread represents a total annual volatility of 0.0499 SZL. From a start-to-finish perspective, comparing the January average rate of 1.2156 to the December average rate of 1.2164, the exchange rate registered a net change of 0.06% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 1.2379 was up 2.90% compared to the 2013 peak of 1.2030, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 6,189 SZL

2013 Average 5,740 SZL

Yearly Trough Low 5,940 SZL

Transaction Impact: A difference of 249.30 SZL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

1.2251

1.1935

JanuMarcMayJulySeptNove

BWP to SZL 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 1.2099, compared to 1.2069 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0030 points.

H1 Avg (Jan–Jun) 1.2099

H2 Avg (Jul–Dec) 1.2069

Volatility Range Comparison

Volatility

The most volatile month in 2014 was December, with a trading range of 0.0365 SZL (High: 1.2311 / Low: 1.1947). On the other end, June was the most stable month, with a tight range of 0.0115 SZL (High: 1.2147 / Low: 1.2032).

December Spread (Volatile) ±0.0365

June Spread (Stable) ±0.0115

Growth Streaks & Declines

Trends

Between August and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0100 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0100

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2014: 1.2156) against the same month in 2013 (average: 1.1061), the exchange rate shifted by +0.1095 (+9.90%).

2014 Avg (January) 1.2156

2013 Avg (January) 1.1061

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.2379	1.2027	1.2156
February	1.2337	1.2093	1.2225
March	1.2224	1.2033	1.2140
April	1.2117	1.1979	1.2039
May	1.2060	1.1880	1.1961
June	1.2147	1.2032	1.2073
July	1.2151	1.1944	1.2065
August	1.2085	1.1968	1.2017
September	1.2187	1.1952	1.2074
October	1.2188	1.1973	1.2086
November	1.2092	1.1924	1.2008
December	1.2311	1.1947	1.2164