2014 DJF to NGN Historical Review

YEARLY HIGH

1.0371 NGN

YEARLY LOW

0.8879 NGN

YEARLY AVERAGE

0.9252 NGN

2014 DJF to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the DJF to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 23, valuing the pair at 1.0371. Conversely, the yearly low was recorded on January 3, dropping to 0.8879.

This high-to-low spread represents a total annual volatility of 0.1492 NGN. From a start-to-finish perspective, comparing the January average rate of 0.8994 to the December average rate of 1.0205, 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 1.0371 was up 12.66% compared to the 2013 peak of 0.9205, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 5,185 NGN

2013 Average 4,486 NGN

Yearly Trough Low 4,439 NGN

Transaction Impact: A difference of 745.90 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

1.0326

0.8873

JanuMarcMayJulySeptNove

DJF 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 0.9117, compared to 0.9388 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0271 points.

H1 Avg (Jan–Jun) 0.9117

H2 Avg (Jul–Dec) 0.9388

Volatility Range Comparison

Volatility

The most volatile month in 2014 was November, with a trading range of 0.0777 NGN (High: 1.0012 / Low: 0.9235). On the other end, March was the most stable month, with a tight range of 0.0097 NGN (High: 0.9306 / Low: 0.9209).

November Spread (Volatile) ±0.0777

March Spread (Stable) ±0.0097

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 0.0172 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0172

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 1.0205) against the same month in 2013 (average: 0.8935), the exchange rate shifted by +0.1269 (+14.21%).

2014 Avg (December) 1.0205

2013 Avg (December) 0.8935

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.9146	0.8879	0.8994
February	0.9318	0.9119	0.9202
March	0.9306	0.9209	0.9254
April	0.9242	0.8960	0.9082
May	0.9126	0.8909	0.9046
June	0.9173	0.9062	0.9124
July	0.9132	0.9019	0.9079
August	0.9119	0.8970	0.9063
September	0.9238	0.9070	0.9136
October	0.9311	0.9169	0.9225
November	1.0012	0.9235	0.9617
December	1.0371	1.0055	1.0205