2014 CDF to BWP Historical Review

YEARLY HIGH

0.0103 BWP

YEARLY LOW

0.0094 BWP

YEARLY AVERAGE

0.0097 BWP

2014 CDF to BWP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the CDF to BWP exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 0.0103. Conversely, the yearly low was recorded on May 12, dropping to 0.0094.

This high-to-low spread represents a total annual volatility of 0.0009 BWP. From a start-to-finish perspective, comparing the January average rate of 0.0097 to the December average rate of 0.0102, the exchange rate registered a net change of 5.71% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.0103 was up 8.31% compared to the 2013 peak of 0.0095, 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 52 BWP

2013 Average 46 BWP

Yearly Trough Low 47 BWP

Transaction Impact: A difference of 4.65 BWP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.0103

0.0094

JanuMarcMayJulySeptNove

CDF to BWP 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 0.0096, compared to 0.0099 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0003 points.

H1 Avg (Jan–Jun) 0.0096

H2 Avg (Jul–Dec) 0.0099

Volatility Range Comparison

Volatility

The most volatile month in 2014 was January, with a trading range of 0.0004 BWP (High: 0.0099 / Low: 0.0094). On the other end, July was the most stable month, with a tight range of 0.0001 BWP (High: 0.0096 / Low: 0.0095).

January Spread (Volatile) ±0.0004

July Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

Between May and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0001 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.0001

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 0.0102) against the same month in 2013 (average: 0.0094), the exchange rate shifted by +0.0008 (+8.33%).

2014 Avg (December) 0.0102

2013 Avg (December) 0.0094

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0099	0.0094	0.0097
February	0.0099	0.0096	0.0097
March	0.0097	0.0095	0.0096
April	0.0096	0.0094	0.0095
May	0.0095	0.0094	0.0094
June	0.0096	0.0095	0.0096
July	0.0096	0.0095	0.0096
August	0.0097	0.0095	0.0096
September	0.0100	0.0096	0.0098
October	0.0101	0.0098	0.0099
November	0.0101	0.0099	0.0100
December	0.0103	0.0100	0.0102