2014 ERN to DJF Historical Review

YEARLY HIGH

179.5770 DJF

YEARLY LOW

177.2377 DJF

YEARLY AVERAGE

178.4880 DJF

2014 ERN to DJF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the ERN to DJF exchange rate experienced significant fluctuation. The market reached its absolute peak on July 28, valuing the pair at 179.5770. Conversely, the yearly low was recorded on March 28, dropping to 177.2377.

This high-to-low spread represents a total annual volatility of 2.3393 DJF. From a start-to-finish perspective, comparing the January average rate of 178.0256 to the December average rate of 178.3706, the exchange rate registered a net change of 0.19% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 179.5770 was up 0.47% compared to the 2013 peak of 178.7330, 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 897,885 DJF

2013 Average 887,613 DJF

Yearly Trough Low 886,189 DJF

Transaction Impact: A difference of 11,696.50 DJF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

178.8860

177.9474

JanuMarcMayJulySeptNove

ERN to DJF 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 178.3739, compared to 178.6021 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2282 points.

H1 Avg (Jan–Jun) 178.3739

H2 Avg (Jul–Dec) 178.6021

Volatility Range Comparison

Volatility

The most volatile month in 2014 was April, with a trading range of 2.2577 DJF (High: 179.5720 / Low: 177.3143). On the other end, August was the most stable month, with a tight range of 1.0620 DJF (High: 179.3581 / Low: 178.2961).

April Spread (Volatile) ±2.2577

August Spread (Stable) ±1.0620

Growth Streaks & Declines

Trends

Between March and May, 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 August and September, when the average rate fell by 0.2120 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.2120

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2014: 178.7327) against the same month in 2013 (average: 177.6545), the exchange rate shifted by +1.0782 (+0.61%).

2014 Avg (July) 178.7327

2013 Avg (July) 177.6545

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	178.9630	177.3980	178.0256
February	178.7730	177.3103	178.0702
March	178.7320	177.2377	178.0365
April	179.5720	177.3143	178.6016
May	179.4810	178.1043	178.7918
June	179.4627	177.9903	178.7177
July	179.5770	178.0503	178.7327
August	179.3581	178.2961	178.8078
September	179.3610	177.8781	178.5958
October	179.4420	177.6061	178.5533
November	179.4638	177.8370	178.5526
December	178.9840	177.4515	178.3706