2016 ERN to CDF Historical Review

YEARLY HIGH

1195.0000 CDF

YEARLY LOW

910.7235 CDF

YEARLY AVERAGE

967.9138 CDF

2016 ERN to CDF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the ERN to CDF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 24, valuing the pair at 1195.0000. Conversely, the yearly low was recorded on June 11, dropping to 910.7235.

This high-to-low spread represents a total annual volatility of 284.2765 CDF. From a start-to-finish perspective, comparing the January average rate of 926.8218 to the December average rate of 1164.9319, the exchange rate registered a net change of 25.69% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 1195.0000 was up 28.01% compared to the 2015 peak of 933.5435, 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 5,975,000 CDF

2015 Average 4,631,144 CDF

Yearly Trough Low 4,553,618 CDF

Transaction Impact: A difference of 1,421,382.50 CDF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

1188.7429

903.0108

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 929.5648, compared to 1006.2629 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 76.6980 points.

H1 Avg (Jan–Jun) 929.5648

H2 Avg (Jul–Dec) 1006.2629

Volatility Range Comparison

Volatility

The most volatile month in 2016 was November, with a trading range of 227.9083 CDF (High: 1145.0000 / Low: 917.0917). On the other end, May was the most stable month, with a tight range of 3.9430 CDF (High: 929.6470 / Low: 925.7040).

November Spread (Volatile) ±227.9083

May Spread (Stable) ±3.9430

Growth Streaks & Declines

Trends

Between May and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 4.9715 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -4.9715

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2016: 1164.9319) against the same month in 2015 (average: 926.6337), the exchange rate shifted by +238.2982 (+25.72%).

2016 Avg (December) 1164.9319

2015 Avg (December) 926.6337

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	928.8850	924.3842	926.8218
February	929.8170	925.7790	928.3041
March	928.5000	923.1055	926.9078
April	929.9150	925.0000	928.0413
May	929.6470	925.7040	927.8273
June	960.4365	910.7235	939.4867
July	976.7500	943.0710	951.6560
August	982.8637	969.7970	976.7250
September	981.8652	970.5003	976.2964
October	980.6340	959.0959	971.3250
November	1145.0000	917.0917	996.6429
December	1195.0000	1132.4450	1164.9319