2014 CDF to NGN Historical Review

YEARLY HIGH

0.1998 NGN

YEARLY LOW

0.1718 NGN

YEARLY AVERAGE

0.1788 NGN

2014 CDF to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the CDF to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 23, valuing the pair at 0.1998. Conversely, the yearly low was recorded on January 12, dropping to 0.1718.

This high-to-low spread represents a total annual volatility of 0.0280 NGN. From a start-to-finish perspective, comparing the January average rate of 0.1732 to the December average rate of 0.1965, the exchange rate registered a net change of 13.46% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.1998 was up 13.04% compared to the 2013 peak of 0.1767, 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 999 NGN

2013 Average 863 NGN

Yearly Trough Low 859 NGN

Transaction Impact: A difference of 139.77 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.1989

0.1709

JanuMarcMayJulySeptNove

CDF to NGN 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 0.1762, compared to 0.1814 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0052 points.

H1 Avg (Jan–Jun) 0.1762

H2 Avg (Jul–Dec) 0.1814

Volatility Range Comparison

Volatility

The most volatile month in 2014 was November, with a trading range of 0.0142 NGN (High: 0.1931 / Low: 0.1788). On the other end, March was the most stable month, with a tight range of 0.0013 NGN (High: 0.1792 / Low: 0.1778).

November Spread (Volatile) ±0.0142

March Spread (Stable) ±0.0013

Growth Streaks & Declines

Trends

Between August and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0028 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0028

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 0.1965) against the same month in 2013 (average: 0.1724), the exchange rate shifted by +0.0242 (+14.02%).

2014 Avg (December) 0.1965

2013 Avg (December) 0.1724

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1763	0.1718	0.1732
February	0.1802	0.1759	0.1777
March	0.1792	0.1778	0.1786
April	0.1790	0.1741	0.1758
May	0.1772	0.1722	0.1754
June	0.1776	0.1758	0.1767
July	0.1767	0.1753	0.1758
August	0.1767	0.1744	0.1756
September	0.1776	0.1757	0.1766
October	0.1793	0.1769	0.1782
November	0.1931	0.1788	0.1855
December	0.1998	0.1938	0.1965