2014 NGN to BIF Historical Review

YEARLY HIGH

9.7507 BIF

YEARLY LOW

8.4320 BIF

YEARLY AVERAGE

9.4112 BIF

2014 NGN to BIF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the NGN to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 9, valuing the pair at 9.7507. Conversely, the yearly low was recorded on December 23, dropping to 8.4320.

This high-to-low spread represents a total annual volatility of 1.3186 BIF. From a start-to-finish perspective, comparing the January average rate of 9.6742 to the December average rate of 8.5990, the exchange rate registered a net change of -11.11% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 9.7507 was down 2.78% compared to the 2013 peak of 10.0293, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 1,000,000 NGN based on timing:

Yearly Peak High 9,750,653 BIF

2013 Average 9,731,622 BIF

Yearly Trough Low 8,432,041 BIF

Transaction Impact: A difference of 1,318,612.60 BIF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

9.7817

8.4914

JanuMarcMayJulySeptNove

NGN 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 9.5270, compared to 9.2954 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.2316 points.

H1 Avg (Jan–Jun) 9.5270

H2 Avg (Jul–Dec) 9.2954

Volatility Range Comparison

Volatility

The most volatile month in 2014 was November, with a trading range of 0.6712 BIF (High: 9.4363 / Low: 8.7651). On the other end, March was the most stable month, with a tight range of 0.0944 BIF (High: 9.4829 / Low: 9.3885).

November Spread (Volatile) ±0.6712

March Spread (Stable) ±0.0944

Growth Streaks & Declines

Trends

Between March and May, 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 November and December, when the average rate fell by 0.5050 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.5050

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2014: 9.6742) against the same month in 2013 (average: 9.6727), the exchange rate shifted by +0.0015 (+0.02%).

2014 Avg (January) 9.6742

2013 Avg (January) 9.6727

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	9.7507	9.5212	9.6742
February	9.5493	9.3760	9.4659
March	9.4829	9.3885	9.4219
April	9.6544	9.4183	9.5500
May	9.7264	9.4972	9.5671
June	9.5530	9.4280	9.4829
July	9.5997	9.4745	9.5455
August	9.6121	9.4732	9.5631
September	9.5520	9.4266	9.4937
October	9.5674	9.2968	9.4670
November	9.4363	8.7651	9.1040
December	8.7637	8.4320	8.5990