2014 CDF to BIF Historical Review

YEARLY HIGH

1.7028 BIF

YEARLY LOW

1.6576 BIF

YEARLY AVERAGE

1.6809 BIF

2014 CDF to BIF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the CDF to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 1.7028. Conversely, the yearly low was recorded on October 4, dropping to 1.6576.

This high-to-low spread represents a total annual volatility of 0.0452 BIF. From a start-to-finish perspective, comparing the January average rate of 1.6758 to the December average rate of 1.6900, the exchange rate registered a net change of 0.85% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 1.7028 was down 1.16% compared to the 2013 peak of 1.7228, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 8,514 BIF

2013 Average 8,399 BIF

Yearly Trough Low 8,288 BIF

Transaction Impact: A difference of 225.88 BIF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

1.6914

1.6743

JanuMarcMayJulySeptNove

CDF to BIF 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 1.6787, compared to 1.6832 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0045 points.

H1 Avg (Jan–Jun) 1.6787

H2 Avg (Jul–Dec) 1.6832

Volatility Range Comparison

Volatility

The most volatile month in 2014 was October, with a trading range of 0.0448 BIF (High: 1.7024 / Low: 1.6576). On the other end, April was the most stable month, with a tight range of 0.0149 BIF (High: 1.6860 / Low: 1.6712).

October Spread (Volatile) ±0.0448

April Spread (Stable) ±0.0149

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 0.0038 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0038

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 1.6900) against the same month in 2013 (average: 1.6753), the exchange rate shifted by +0.0146 (+0.87%).

2014 Avg (December) 1.6900

2013 Avg (December) 1.6753

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.6859	1.6668	1.6758
February	1.6915	1.6711	1.6816
March	1.6929	1.6707	1.6825
April	1.6860	1.6712	1.6788
May	1.6857	1.6697	1.6778
June	1.6894	1.6668	1.6757
July	1.6869	1.6629	1.6785
August	1.6861	1.6681	1.6789
September	1.6850	1.6670	1.6770
October	1.7024	1.6576	1.6867
November	1.6963	1.6780	1.6881
December	1.7028	1.6774	1.6900