2015 ERN to BIF Historical Review

YEARLY HIGH

1638.9500 BIF

YEARLY LOW

1536.2000 BIF

YEARLY AVERAGE

1566.3136 BIF

2015 ERN to BIF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2015

During 2015, the ERN to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on July 20, valuing the pair at 1638.9500. Conversely, the yearly low was recorded on December 14, dropping to 1536.2000.

This high-to-low spread represents a total annual volatility of 102.7500 BIF. From a start-to-finish perspective, comparing the January average rate of 1567.1270 to the December average rate of 1554.8314, the exchange rate registered a net change of -0.78% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2015 high of 1638.9500 was up 4.04% compared to the 2014 peak of 1575.2600, 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 8,194,750 BIF

2014 Average 7,762,269 BIF

Yearly Trough Low 7,681,000 BIF

Transaction Impact: A difference of 513,750.06 BIF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2015.

1615.7128

1549.2967

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 1567.3467, compared to 1565.2804 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 2.0663 points.

H1 Avg (Jan–Jun) 1567.3467

H2 Avg (Jul–Dec) 1565.2804

Volatility Range Comparison

Volatility

The most volatile month in 2015 was July, with a trading range of 83.8600 BIF (High: 1638.9500 / Low: 1555.0900). On the other end, February was the most stable month, with a tight range of 13.9100 BIF (High: 1575.9250 / Low: 1562.0150).

July Spread (Volatile) ±83.8600

February Spread (Stable) ±13.9100

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 July and August, when the average rate fell by 55.2494 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -55.2494

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2015: 1610.1781) against the same month in 2014 (average: 1548.9010), the exchange rate shifted by +61.2771 (+3.96%).

2015 Avg (July) 1610.1781

2014 Avg (July) 1548.9010

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1574.9217	1558.4250	1567.1270
February	1575.9250	1562.0150	1568.5393
March	1579.4967	1558.7367	1569.2520
April	1576.8500	1552.5000	1565.4644
May	1579.6233	1557.0283	1568.2229
June	1587.2250	1554.6000	1565.4746
July	1638.9500	1555.0900	1610.1781
August	1568.0800	1544.7450	1554.9287
September	1576.1925	1538.5000	1556.0515
October	1572.9700	1539.0000	1558.4381
November	1570.2250	1546.0350	1557.2546
December	1568.1800	1536.2000	1554.8314