2014 ETB to MRO Historical Review

YEARLY HIGH

15.4122 MRO

YEARLY LOW

14.3379 MRO

YEARLY AVERAGE

14.8572 MRO

2014 ETB to MRO Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the ETB to MRO exchange rate experienced significant fluctuation. The market reached its absolute peak on March 25, valuing the pair at 15.4122. Conversely, the yearly low was recorded on December 8, dropping to 14.3379.

This high-to-low spread represents a total annual volatility of 1.0743 MRO. From a start-to-finish perspective, comparing the January average rate of 15.1733 to the December average rate of 14.4182, the exchange rate registered a net change of -4.98% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 15.4122 was down 7.12% compared to the 2013 peak of 16.5930, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 ETB based on timing:

Yearly Peak High 77,061 MRO

2013 Average 78,469 MRO

Yearly Trough Low 71,689 MRO

Transaction Impact: A difference of 5,371.60 MRO purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

15.2488

14.3427

JanuMarcMayJulySeptNove

ETB to MRO 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 15.0985, compared to 14.6159 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.4826 points.

H1 Avg (Jan–Jun) 15.0985

H2 Avg (Jul–Dec) 14.6159

Volatility Range Comparison

Volatility

The most volatile month in 2014 was March, with a trading range of 0.3534 MRO (High: 15.4122 / Low: 15.0588). On the other end, July was the most stable month, with a tight range of 0.1161 MRO (High: 14.8455 / Low: 14.7294).

March Spread (Volatile) ±0.3534

July Spread (Stable) ±0.1161

Growth Streaks & Declines

Trends

Between February and April, 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 June and July, when the average rate fell by 0.1317 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.1317

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2014: 15.1583) against the same month in 2013 (average: 15.6593), the exchange rate shifted by -0.5010 (-3.20%).

2014 Avg (March) 15.1583

2013 Avg (March) 15.6593

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	15.2256	15.0679	15.1733
February	15.2782	15.0146	15.1154
March	15.4122	15.0588	15.1583
April	15.3080	15.0339	15.1719
May	15.1807	14.9040	15.0509
June	15.0056	14.8282	14.9214
July	14.8455	14.7294	14.7897
August	14.7917	14.6428	14.7287
September	14.7033	14.5755	14.6258
October	14.6815	14.5334	14.5937
November	14.6593	14.4446	14.5394
December	14.4882	14.3379	14.4182