2014 ERN to BIF Historical Review

YEARLY HIGH

1575.2600 BIF

YEARLY LOW

1533.7683 BIF

YEARLY AVERAGE

1552.4340 BIF

2014 ERN to BIF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the ERN to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on October 12, valuing the pair at 1575.2600. Conversely, the yearly low was recorded on October 4, dropping to 1533.7683.

This high-to-low spread represents a total annual volatility of 41.4917 BIF. From a start-to-finish perspective, comparing the January average rate of 1548.8871 to the December average rate of 1565.0842, the exchange rate registered a net change of 1.05% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 1575.2600 was down 0.41% compared to the 2013 peak of 1581.7525, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 7,876,300 BIF

2013 Average 7,748,204 BIF

Yearly Trough Low 7,668,842 BIF

Transaction Impact: A difference of 207,458.33 BIF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

1566.9614

1544.4355

JanuMarcMayJulySeptNove

ERN to BIF 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 1549.1250, compared to 1555.7429 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 6.6179 points.

H1 Avg (Jan–Jun) 1549.1250

H2 Avg (Jul–Dec) 1555.7429

Volatility Range Comparison

Volatility

The most volatile month in 2014 was October, with a trading range of 41.4917 BIF (High: 1575.2600 / Low: 1533.7683). On the other end, March was the most stable month, with a tight range of 11.1725 BIF (High: 1556.2242 / Low: 1545.0517).

October Spread (Volatile) ±41.4917

March Spread (Stable) ±11.1725

Growth Streaks & Declines

Trends

Between September and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 3.3637 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -3.3637

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2014: 1559.4210) against the same month in 2013 (average: 1542.6226), the exchange rate shifted by +16.7984 (+1.09%).

2014 Avg (October) 1559.4210

2013 Avg (October) 1542.6226

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1555.4576	1540.3826	1548.8871
February	1556.2234	1536.1467	1551.0600
March	1556.2242	1545.0517	1552.3270
April	1554.2617	1542.9000	1548.9634
May	1554.4917	1541.8133	1547.2001
June	1554.9983	1540.9317	1546.3126
July	1556.3575	1536.1483	1548.9010
August	1555.6742	1541.5000	1549.6715
September	1557.6333	1542.0233	1549.0903
October	1575.2600	1533.7683	1559.4210
November	1567.0209	1555.7850	1562.2897
December	1574.8900	1554.8517	1565.0842