2014 NGN to ETB Historical Review

YEARLY HIGH

0.1230 ETB

YEARLY LOW

0.1091 ETB

YEARLY AVERAGE

0.1192 ETB

2014 NGN to ETB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the NGN to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on August 5, valuing the pair at 0.1230. Conversely, the yearly low was recorded on December 23, dropping to 0.1091.

This high-to-low spread represents a total annual volatility of 0.0140 ETB. From a start-to-finish perspective, comparing the January average rate of 0.1197 to the December average rate of 0.1109, the exchange rate registered a net change of -7.40% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.1230 was up 2.03% compared to the 2013 peak of 0.1206, 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 123,037 ETB

2013 Average 117,508 ETB

Yearly Trough Low 109,055 ETB

Transaction Impact: A difference of 13,981.87 ETB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.1235

0.1097

JanuMarcMayJulySeptNove

NGN to ETB 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 0.1192, compared to 0.1193 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0001 points.

H1 Avg (Jan–Jun) 0.1192

H2 Avg (Jul–Dec) 0.1193

Volatility Range Comparison

Volatility

The most volatile month in 2014 was November, with a trading range of 0.0087 ETB (High: 0.1215 / Low: 0.1128). On the other end, June was the most stable month, with a tight range of 0.0010 ETB (High: 0.1206 / Low: 0.1196).

November Spread (Volatile) ±0.0087

June Spread (Stable) ±0.0010

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 0.0062 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0062

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2014: 0.1224) against the same month in 2013 (average: 0.1169), the exchange rate shifted by +0.0054 (+4.65%).

2014 Avg (August) 0.1224

2013 Avg (August) 0.1169

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1207	0.1180	0.1197
February	0.1184	0.1165	0.1174
March	0.1177	0.1161	0.1171
April	0.1216	0.1176	0.1199
May	0.1229	0.1197	0.1207
June	0.1206	0.1196	0.1201
July	0.1223	0.1204	0.1216
August	0.1230	0.1217	0.1224
September	0.1229	0.1217	0.1222
October	0.1223	0.1211	0.1215
November	0.1215	0.1128	0.1170
December	0.1123	0.1091	0.1109