2014 GNF to STD Historical Review

YEARLY HIGH

2.8642 STD

YEARLY LOW

2.4784 STD

YEARLY AVERAGE

2.6348 STD

2014 GNF to STD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the GNF to STD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 2.8642. Conversely, the yearly low was recorded on March 17, dropping to 2.4784.

This high-to-low spread represents a total annual volatility of 0.3858 STD. From a start-to-finish perspective, comparing the January average rate of 2.5776 to the December average rate of 2.8215, the exchange rate registered a net change of 9.46% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 2.8642 was up 4.08% compared to the 2013 peak of 2.7519, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 14,321 STD

2013 Average 13,158 STD

Yearly Trough Low 12,392 STD

Transaction Impact: A difference of 1,928.83 STD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

2.8508

2.4997

JanuMarcMayJulySeptNove

GNF to STD 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 2.5580, compared to 2.7116 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1536 points.

H1 Avg (Jan–Jun) 2.5580

H2 Avg (Jul–Dec) 2.7116

Volatility Range Comparison

Volatility

The most volatile month in 2014 was March, with a trading range of 0.0982 STD (High: 2.5765 / Low: 2.4784). On the other end, January was the most stable month, with a tight range of 0.0510 STD (High: 2.5997 / Low: 2.5487).

March Spread (Volatile) ±0.0982

January Spread (Stable) ±0.0510

Growth Streaks & Declines

Trends

Between July and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0326 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0326

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 2.8215) against the same month in 2013 (average: 2.5716), the exchange rate shifted by +0.2499 (+9.72%).

2014 Avg (December) 2.8215

2013 Avg (December) 2.5716

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.5997	2.5487	2.5776
February	2.5932	2.5151	2.5616
March	2.5765	2.4784	2.5290
April	2.5729	2.5138	2.5421
May	2.6046	2.5111	2.5541
June	2.6218	2.5580	2.5839
July	2.6001	2.5336	2.5715
August	2.6788	2.6073	2.6322
September	2.7458	2.6785	2.7091
October	2.7776	2.6998	2.7453
November	2.8183	2.7643	2.7899
December	2.8642	2.7735	2.8215