2018 ERN to BIF Historical Review

YEARLY HIGH

1825.0000 BIF

YEARLY LOW

1748.5448 BIF

YEARLY AVERAGE

1777.7055 BIF

2018 ERN to BIF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the ERN to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 14, valuing the pair at 1825.0000. Conversely, the yearly low was recorded on January 14, dropping to 1748.5448.

This high-to-low spread represents a total annual volatility of 76.4552 BIF. From a start-to-finish perspective, comparing the January average rate of 1763.0877 to the December average rate of 1807.5361, the exchange rate registered a net change of 2.52% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2018 high of 1825.0000 was up 3.05% compared to the 2017 peak of 1771.0000, 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 9,125,000 BIF

2017 Average 8,613,758 BIF

Yearly Trough Low 8,742,724 BIF

Transaction Impact: A difference of 382,276.11 BIF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

1811.9809

1758.6429

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 1768.5491, compared to 1786.8620 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 18.3129 points.

H1 Avg (Jan–Jun) 1768.5491

H2 Avg (Jul–Dec) 1786.8620

Volatility Range Comparison

Volatility

The most volatile month in 2018 was November, with a trading range of 47.3474 BIF (High: 1816.0000 / Low: 1768.6526). On the other end, September was the most stable month, with a tight range of 15.6176 BIF (High: 1786.0000 / Low: 1770.3824).

November Spread (Volatile) ±47.3474

September Spread (Stable) ±15.6176

Growth Streaks & Declines

Trends

Between July and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 2.0937 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -2.0937

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2018: 1807.5361) against the same month in 2017 (average: 1758.6880), the exchange rate shifted by +48.8481 (+2.78%).

2018 Avg (December) 1807.5361

2017 Avg (December) 1758.6880

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1771.0000	1748.5448	1763.0877
February	1776.0000	1756.5007	1764.9613
March	1781.0000	1754.9631	1766.3668
April	1783.0000	1759.3304	1771.8266
May	1790.0000	1757.7381	1771.6809
June	1786.0000	1755.7000	1773.3712
July	1785.5000	1755.7532	1771.2774
August	1786.0000	1762.8005	1775.4973
September	1786.0000	1770.3824	1775.7181
October	1815.5000	1769.6459	1791.3920
November	1816.0000	1768.6526	1799.7510
December	1825.0000	1785.7881	1807.5361