2013 ERN to CDF Historical Review

YEARLY HIGH

930.6116 CDF

YEARLY LOW

912.8343 CDF

YEARLY AVERAGE

922.4905 CDF

2013 ERN to CDF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2013

During 2013, the ERN to CDF exchange rate experienced significant fluctuation. The market reached its absolute peak on March 14, valuing the pair at 930.6116. Conversely, the yearly low was recorded on July 10, dropping to 912.8343.

This high-to-low spread represents a total annual volatility of 17.7772 CDF. From a start-to-finish perspective, comparing the January average rate of 921.3725 to the December average rate of 923.2309, the exchange rate registered a net change of 0.20% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2013 high of 930.6116 was down 0.26% compared to the 2012 peak of 933.0144, 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 4,653,058 CDF

2012 Average 4,599,564 CDF

Yearly Trough Low 4,564,172 CDF

Transaction Impact: A difference of 88,886.20 CDF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2013.

926.2770

919.0917

JanuMarcMayJulySeptNove

ERN to CDF 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 921.6628, compared to 923.3182 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.6553 points.

H1 Avg (Jan–Jun) 921.6628

H2 Avg (Jul–Dec) 923.3182

Volatility Range Comparison

Volatility

The most volatile month in 2013 was March, with a trading range of 13.0184 CDF (High: 930.6116 / Low: 917.5932). On the other end, September was the most stable month, with a tight range of 6.5633 CDF (High: 928.5500 / Low: 921.9867).

March Spread (Volatile) ±13.0184

September Spread (Stable) ±6.5633

Growth Streaks & Declines

Trends

Between April and June, 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 March and April, when the average rate fell by 4.9650 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -4.9650

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2013: 925.6783) against the same month in 2012 (average: 916.2570), the exchange rate shifted by +9.4212 (+1.03%).

2013 Avg (March) 925.6783

2012 Avg (March) 916.2570

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	926.1007	916.8775	921.3725
February	923.3200	915.9137	919.6904
March	930.6116	917.5932	925.6783
April	927.6081	915.1121	920.7133
May	927.3150	918.1657	920.8133
June	927.1444	916.3574	921.7091
July	925.2975	912.8343	921.5529
August	926.2533	914.2188	920.6865
September	928.5500	921.9867	925.2675
October	927.4600	919.8027	925.0848
November	930.5698	919.7018	924.0864
December	929.0248	918.8900	923.2309