2014 HRK to BTN Historical Review

YEARLY HIGH

11.2804 BTN

YEARLY LOW

9.9273 BTN

YEARLY AVERAGE

10.6197 BTN

2014 HRK to BTN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the HRK to BTN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 27, valuing the pair at 11.2804. Conversely, the yearly low was recorded on December 7, dropping to 9.9273.

This high-to-low spread represents a total annual volatility of 1.3531 BTN. From a start-to-finish perspective, comparing the January average rate of 11.0779 to the December average rate of 10.0762, the exchange rate registered a net change of -9.04% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 11.2804 was down 5.71% compared to the 2013 peak of 11.9642, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 56,402 BTN

2013 Average 51,349 BTN

Yearly Trough Low 49,637 BTN

Transaction Impact: A difference of 6,765.46 BTN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

11.2096

9.9264

JanuMarcMayJulySeptNove

HRK to BTN 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 10.9300, compared to 10.3094 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.6206 points.

H1 Avg (Jan–Jun) 10.9300

H2 Avg (Jul–Dec) 10.3094

Volatility Range Comparison

Volatility

The most volatile month in 2014 was May, with a trading range of 0.5424 BTN (High: 11.0196 / Low: 10.4772). On the other end, February was the most stable month, with a tight range of 0.1105 BTN (High: 11.1562 / Low: 11.0457).

May Spread (Volatile) ±0.5424

February Spread (Stable) ±0.1105

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2014. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.3346 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.3346

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2014: 11.0779) against the same month in 2013 (average: 9.5384), the exchange rate shifted by +1.5395 (+16.14%).

2014 Avg (January) 11.0779

2013 Avg (January) 9.5384

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	11.2804	10.9086	11.0779
February	11.1562	11.0457	11.1027
March	11.1646	10.7436	11.0122
April	11.0808	10.7732	10.9285
May	11.0196	10.4772	10.7349
June	10.8616	10.5910	10.7236
July	10.8472	10.5422	10.6828
August	10.7452	10.4433	10.6203
September	10.4608	10.1654	10.2857
October	10.2939	10.0433	10.1579
November	10.1201	9.9444	10.0334
December	10.3302	9.9273	10.0762