2014 ERN to CDF Historical Review

YEARLY HIGH

929.8318 CDF

YEARLY LOW

916.4175 CDF

YEARLY AVERAGE

923.5562 CDF

2014 ERN to CDF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the ERN to CDF exchange rate experienced significant fluctuation. The market reached its absolute peak on November 6, valuing the pair at 929.8318. Conversely, the yearly low was recorded on June 25, dropping to 916.4175.

This high-to-low spread represents a total annual volatility of 13.4143 CDF. From a start-to-finish perspective, comparing the January average rate of 924.2839 to the December average rate of 926.1105, the exchange rate registered a net change of 0.20% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 929.8318 was down 0.08% compared to the 2013 peak of 930.6116, 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 4,649,159 CDF

2013 Average 4,612,543 CDF

Yearly Trough Low 4,582,088 CDF

Transaction Impact: A difference of 67,071.67 CDF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

926.5070

921.7491

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 922.8195, compared to 924.2929 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.4734 points.

H1 Avg (Jan–Jun) 922.8195

H2 Avg (Jul–Dec) 924.2929

Volatility Range Comparison

Volatility

The most volatile month in 2014 was June, with a trading range of 12.6958 CDF (High: 929.1133 / Low: 916.4175). On the other end, August was the most stable month, with a tight range of 4.0667 CDF (High: 924.3000 / Low: 920.2333).

June Spread (Volatile) ±12.6958

August Spread (Stable) ±4.0667

Growth Streaks & Declines

Trends

Between May and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 1.8916 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -1.8916

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2014: 925.4870) against the same month in 2013 (average: 924.0864), the exchange rate shifted by +1.4006 (+0.15%).

2014 Avg (November) 925.4870

2013 Avg (November) 924.0864

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	926.8933	921.6567	924.2839
February	925.4567	916.6577	922.3923
March	925.0773	918.8238	922.6167
April	925.1033	919.9567	922.6780
May	924.3087	917.5798	922.1456
June	929.1133	916.4175	922.8003
July	925.3993	919.5075	922.8131
August	924.3000	920.2333	923.0560
September	928.2200	921.3762	923.7429
October	928.5238	917.9280	924.5481
November	929.8318	923.2770	925.4870
December	928.5545	922.9368	926.1105