2018 CDF to BIF Historical Review

YEARLY HIGH

1.1329 BIF

YEARLY LOW

1.0633 BIF

YEARLY AVERAGE

1.0978 BIF

2018 CDF to BIF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the CDF to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on July 28, valuing the pair at 1.1329. Conversely, the yearly low was recorded on July 26, dropping to 1.0633.

This high-to-low spread represents a total annual volatility of 0.0696 BIF. From a start-to-finish perspective, comparing the January average rate of 1.1011 to the December average rate of 1.1119, the exchange rate registered a net change of 0.98% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2018 high of 1.1329 was down 21.85% compared to the 2017 peak of 1.4496, 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 5,665 BIF

2017 Average 5,948 BIF

Yearly Trough Low 5,317 BIF

Transaction Impact: A difference of 348.09 BIF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

1.1146

1.0832

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 1.0970, compared to 1.0987 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0017 points.

H1 Avg (Jan–Jun) 1.0970

H2 Avg (Jul–Dec) 1.0987

Volatility Range Comparison

Volatility

The most volatile month in 2018 was July, with a trading range of 0.0696 BIF (High: 1.1329 / Low: 1.0633). On the other end, April was the most stable month, with a tight range of 0.0143 BIF (High: 1.1033 / Low: 1.0891).

July Spread (Volatile) ±0.0696

April Spread (Stable) ±0.0143

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 August and September, when the average rate fell by 0.0058 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0058

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2018: 1.0933) against the same month in 2017 (average: 1.1103), the exchange rate shifted by -0.0170 (-1.53%).

2018 Avg (July) 1.0933

2017 Avg (July) 1.1103

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.1225	1.0883	1.1011
February	1.1069	1.0802	1.0958
March	1.1021	1.0834	1.0923
April	1.1033	1.0891	1.0972
May	1.1077	1.0893	1.0972
June	1.1059	1.0871	1.0982
July	1.1329	1.0633	1.0933
August	1.1053	1.0783	1.0916
September	1.0991	1.0783	1.0858
October	1.1276	1.0809	1.1004
November	1.1280	1.0844	1.1089
December	1.1276	1.0901	1.1119