2014 MRO to NGN Historical Review

YEARLY HIGH

0.6350 NGN

YEARLY LOW

0.5384 NGN

YEARLY AVERAGE

0.5653 NGN

2014 MRO to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the MRO to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 23, valuing the pair at 0.6350. Conversely, the yearly low was recorded on May 5, dropping to 0.5384.

This high-to-low spread represents a total annual volatility of 0.0967 NGN. From a start-to-finish perspective, comparing the January average rate of 0.5506 to the December average rate of 0.6257, the exchange rate registered a net change of 13.65% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.6350 was up 5.53% compared to the 2013 peak of 0.6017, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 3,175 NGN

2013 Average 2,715 NGN

Yearly Trough Low 2,692 NGN

Transaction Impact: A difference of 483.26 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.6333

0.5420

JanuMarcMayJulySeptNove

MRO to NGN 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 0.5559, compared to 0.5747 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0188 points.

H1 Avg (Jan–Jun) 0.5559

H2 Avg (Jul–Dec) 0.5747

Volatility Range Comparison

Volatility

The most volatile month in 2014 was November, with a trading range of 0.0502 NGN (High: 0.6131 / Low: 0.5629). On the other end, June was the most stable month, with a tight range of 0.0071 NGN (High: 0.5613 / Low: 0.5541).

November Spread (Volatile) ±0.0502

June Spread (Stable) ±0.0071

Growth Streaks & Declines

Trends

Between August and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0137 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0137

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 0.6257) against the same month in 2013 (average: 0.5457), the exchange rate shifted by +0.0800 (+14.65%).

2014 Avg (December) 0.6257

2013 Avg (December) 0.5457

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5592	0.5454	0.5506
February	0.5690	0.5586	0.5633
March	0.5681	0.5539	0.5633
April	0.5608	0.5405	0.5496
May	0.5578	0.5384	0.5506
June	0.5613	0.5541	0.5580
July	0.5602	0.5529	0.5562
August	0.5587	0.5511	0.5548
September	0.5633	0.5548	0.5596
October	0.5673	0.5597	0.5639
November	0.6131	0.5629	0.5881
December	0.6350	0.6154	0.6257