2014 CVE to NGN Historical Review

YEARLY HIGH

2.0974 NGN

YEARLY LOW

1.8686 NGN

YEARLY AVERAGE

1.9964 NGN

2014 CVE to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the CVE to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on March 14, valuing the pair at 2.0974. Conversely, the yearly low was recorded on October 3, dropping to 1.8686.

This high-to-low spread represents a total annual volatility of 0.2289 NGN. From a start-to-finish perspective, comparing the January average rate of 1.9833 to the December average rate of 2.0393, the exchange rate registered a net change of 2.82% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 2.0974 was up 3.79% compared to the 2013 peak of 2.0209, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 10,487 NGN

2013 Average 9,607 NGN

Yearly Trough Low 9,343 NGN

Transaction Impact: A difference of 1,144.29 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

2.0938

1.8833

JanuMarcMayJulySeptNove

CVE 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 2.0302, compared to 1.9626 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0677 points.

H1 Avg (Jan–Jun) 2.0302

H2 Avg (Jul–Dec) 1.9626

Volatility Range Comparison

Volatility

The most volatile month in 2014 was November, with a trading range of 0.1449 NGN (High: 2.0265 / Low: 1.8815). On the other end, June was the most stable month, with a tight range of 0.0222 NGN (High: 2.0347 / Low: 2.0124).

November Spread (Volatile) ±0.1449

June Spread (Stable) ±0.0222

Growth Streaks & Declines

Trends

Between January and March, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0534 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0534

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2014: 2.0762) against the same month in 2013 (average: 1.8610), the exchange rate shifted by +0.2152 (+11.57%).

2014 Avg (March) 2.0762

2013 Avg (March) 1.8610

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.0268	1.9604	1.9833
February	2.0791	1.9988	2.0390
March	2.0974	2.0451	2.0762
April	2.0714	2.0255	2.0397
May	2.0425	2.0091	2.0238
June	2.0347	2.0124	2.0195
July	2.0311	1.9746	2.0032
August	1.9905	1.9457	1.9674
September	1.9450	1.8876	1.9140
October	1.9289	1.8686	1.9008
November	2.0265	1.8815	1.9507
December	2.0837	2.0164	2.0393