2014 MOP to BIF Historical Review

YEARLY HIGH

197.7970 BIF

YEARLY LOW

191.3036 BIF

YEARLY AVERAGE

194.3297 BIF

2014 MOP to BIF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the MOP to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 11, valuing the pair at 197.7970. Conversely, the yearly low was recorded on October 5, dropping to 191.3036.

This high-to-low spread represents a total annual volatility of 6.4933 BIF. From a start-to-finish perspective, comparing the January average rate of 193.7978 to the December average rate of 195.8019, the exchange rate registered a net change of 1.03% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 197.7970 was down 0.17% compared to the 2013 peak of 198.1406, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 988,985 BIF

2013 Average 969,903 BIF

Yearly Trough Low 956,518 BIF

Transaction Impact: A difference of 32,466.68 BIF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

196.0110

193.5018

JanuMarcMayJulySeptNove

MOP to BIF 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 193.9138, compared to 194.7455 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.8317 points.

H1 Avg (Jan–Jun) 193.9138

H2 Avg (Jul–Dec) 194.7455

Volatility Range Comparison

Volatility

The most volatile month in 2014 was October, with a trading range of 5.4989 BIF (High: 196.8025 / Low: 191.3036). On the other end, April was the most stable month, with a tight range of 1.2950 BIF (High: 194.5783 / Low: 193.2834).

October Spread (Volatile) ±5.4989

April Spread (Stable) ±1.2950

Growth Streaks & Declines

Trends

Between September and December, 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 March and April, when the average rate fell by 0.3293 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.3293

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 195.8019) against the same month in 2013 (average: 193.6410), the exchange rate shifted by +2.1609 (+1.12%).

2014 Avg (December) 195.8019

2013 Avg (December) 193.6410

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	194.6644	192.8279	193.7978
February	194.7573	192.4005	194.1427
March	194.9159	193.3875	194.2038
April	194.5783	193.2834	193.8746
May	194.8589	193.0459	193.7531
June	194.9170	192.9869	193.7109
July	194.9107	192.3621	194.0017
August	194.8636	192.6597	194.0523
September	194.8903	192.5926	193.8240
October	196.8025	191.3036	195.1181
November	196.5024	194.7185	195.6753
December	197.7970	194.3020	195.8019