2014 NGN to BTN Historical Review

YEARLY HIGH

0.3919 BTN

YEARLY LOW

0.3371 BTN

YEARLY AVERAGE

0.3699 BTN

2014 NGN to BTN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the NGN to BTN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 4, valuing the pair at 0.3919. Conversely, the yearly low was recorded on December 9, dropping to 0.3371.

This high-to-low spread represents a total annual volatility of 0.0548 BTN. From a start-to-finish perspective, comparing the January average rate of 0.3877 to the December average rate of 0.3449, the exchange rate registered a net change of -11.05% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.3919 was down 6.24% compared to the 2013 peak of 0.4180, 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 391,913 BTN

2013 Average 367,529 BTN

Yearly Trough Low 337,106 BTN

Transaction Impact: A difference of 54,807.74 BTN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.3920

0.3406

JanuMarcMayJulySeptNove

NGN 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 0.3738, compared to 0.3659 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0079 points.

H1 Avg (Jan–Jun) 0.3738

H2 Avg (Jul–Dec) 0.3659

Volatility Range Comparison

Volatility

The most volatile month in 2014 was November, with a trading range of 0.0238 BTN (High: 0.3714 / Low: 0.3476). On the other end, September was the most stable month, with a tight range of 0.0064 BTN (High: 0.3768 / Low: 0.3703).

November Spread (Volatile) ±0.0238

September Spread (Stable) ±0.0064

Growth Streaks & Declines

Trends

Between June and August, 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 0.0147 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0147

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2014: 0.3877) against the same month in 2013 (average: 0.3464), the exchange rate shifted by +0.0413 (+11.91%).

2014 Avg (January) 0.3877

2013 Avg (January) 0.3464

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3919	0.3830	0.3877
February	0.3854	0.3744	0.3798
March	0.3769	0.3625	0.3702
April	0.3787	0.3629	0.3720
May	0.3788	0.3598	0.3671
June	0.3699	0.3614	0.3663
July	0.3734	0.3668	0.3701
August	0.3803	0.3723	0.3755
September	0.3768	0.3703	0.3728
October	0.3768	0.3701	0.3727
November	0.3714	0.3476	0.3595
December	0.3511	0.3371	0.3449