2015 ERN to CDF Historical Review

YEARLY HIGH

933.5435 CDF

YEARLY LOW

917.3010 CDF

YEARLY AVERAGE

926.2305 CDF

2015 ERN to CDF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2015

During 2015, the ERN to CDF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 22, valuing the pair at 933.5435. Conversely, the yearly low was recorded on December 14, dropping to 917.3010.

This high-to-low spread represents a total annual volatility of 16.2425 CDF. From a start-to-finish perspective, comparing the January average rate of 926.0549 to the December average rate of 926.6337, the exchange rate registered a net change of 0.06% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2015 high of 933.5435 was up 0.40% compared to the 2014 peak of 929.8318, 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 4,667,718 CDF

2014 Average 4,617,822 CDF

Yearly Trough Low 4,586,505 CDF

Transaction Impact: A difference of 81,212.50 CDF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2015.

927.7120

924.3973

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 925.7127, compared to 926.7483 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.0357 points.

H1 Avg (Jan–Jun) 925.7127

H2 Avg (Jul–Dec) 926.7483

Volatility Range Comparison

Volatility

The most volatile month in 2015 was January, with a trading range of 12.4927 CDF (High: 933.5435 / Low: 921.0508). On the other end, September was the most stable month, with a tight range of 3.2168 CDF (High: 929.0895 / Low: 925.8727).

January Spread (Volatile) ±12.4927

September Spread (Stable) ±3.2168

Growth Streaks & Declines

Trends

Between May and July, 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 April and May, when the average rate fell by 1.8450 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -1.8450

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2015: 926.0549) against the same month in 2014 (average: 924.2839), the exchange rate shifted by +1.7710 (+0.19%).

2015 Avg (January) 926.0549

2014 Avg (January) 924.2839

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	933.5435	921.0508	926.0549
February	930.7975	919.2498	926.0086
March	929.3870	918.3643	925.8587
April	930.6817	922.6498	926.5186
May	929.3628	922.8385	924.6735
June	928.0000	920.7340	925.1615
July	928.5000	921.8465	926.1732
August	927.2220	920.5465	925.7436
September	929.0895	925.8727	927.4357
October	929.2295	924.0485	927.4080
November	929.2295	922.2450	927.0957
December	928.2905	917.3010	926.6337