2014 CDF to MNT Historical Review

YEARLY HIGH

2.0449 MNT

YEARLY LOW

1.7813 MNT

YEARLY AVERAGE

1.9573 MNT

2014 CDF to MNT Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the CDF to MNT exchange rate experienced significant fluctuation. The market reached its absolute peak on December 16, valuing the pair at 2.0449. Conversely, the yearly low was recorded on January 2, dropping to 1.7813.

This high-to-low spread represents a total annual volatility of 0.2636 MNT. From a start-to-finish perspective, comparing the January average rate of 1.8301 to the December average rate of 2.0294, the exchange rate registered a net change of 10.89% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 2.0449 was up 9.18% compared to the 2013 peak of 1.8730, 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 10,224 MNT

2013 Average 8,196 MNT

Yearly Trough Low 8,906 MNT

Transaction Impact: A difference of 1,317.87 MNT purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

2.0493

1.8102

JanuMarcMayJulySeptNove

CDF to MNT 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 1.9108, compared to 2.0037 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0928 points.

H1 Avg (Jan–Jun) 1.9108

H2 Avg (Jul–Dec) 2.0037

Volatility Range Comparison

Volatility

The most volatile month in 2014 was February, with a trading range of 0.0874 MNT (High: 1.9149 / Low: 1.8276). On the other end, April was the most stable month, with a tight range of 0.0183 MNT (High: 1.9323 / Low: 1.9140).

February Spread (Volatile) ±0.0874

April Spread (Stable) ±0.0183

Growth Streaks & Declines

Trends

Between January and August, 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 August and September, when the average rate fell by 0.0308 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.0308

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 2.0294) against the same month in 2013 (average: 1.8055), the exchange rate shifted by +0.2240 (+12.40%).

2014 Avg (December) 2.0294

2013 Avg (December) 1.8055

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.8584	1.7813	1.8301
February	1.9149	1.8276	1.8813
March	1.9301	1.8700	1.9070
April	1.9323	1.9140	1.9220
May	1.9718	1.9315	1.9524
June	1.9911	1.9624	1.9722
July	2.0143	1.9730	1.9877
August	2.0400	1.9605	2.0089
September	1.9910	1.9452	1.9781
October	2.0089	1.9813	1.9945
November	2.0384	2.0016	2.0235
December	2.0449	2.0172	2.0294