2014 NGN to IRR Historical Review

YEARLY HIGH

163.8950 IRR

YEARLY LOW

145.3658 IRR

YEARLY AVERAGE

156.5385 IRR

2014 NGN to IRR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the NGN to IRR exchange rate experienced significant fluctuation. The market reached its absolute peak on August 28, valuing the pair at 163.8950. Conversely, the yearly low was recorded on December 23, dropping to 145.3658.

This high-to-low spread represents a total annual volatility of 18.5293 IRR. From a start-to-finish perspective, comparing the January average rate of 154.5987 to the December average rate of 147.7977, the exchange rate registered a net change of -4.40% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 163.8950 was up 4.01% compared to the 2013 peak of 157.5699, 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 163,895,045 IRR

2013 Average 109,689,328 IRR

Yearly Trough Low 145,365,772 IRR

Transaction Impact: A difference of 18,529,272.83 IRR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

164.4807

146.2811

JanuMarcMayJulySeptNove

NGN to IRR 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 154.7475, compared to 158.3294 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 3.5819 points.

H1 Avg (Jan–Jun) 154.7475

H2 Avg (Jul–Dec) 158.3294

Volatility Range Comparison

Volatility

The most volatile month in 2014 was November, with a trading range of 11.0167 IRR (High: 161.0324 / Low: 150.0157). On the other end, June was the most stable month, with a tight range of 1.2312 IRR (High: 157.3961 / Low: 156.1649).

November Spread (Volatile) ±11.0167

June Spread (Stable) ±1.2312

Growth Streaks & Declines

Trends

Between February and May, 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 November and December, when the average rate fell by 7.8718 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -7.8718

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2014: 162.6431) against the same month in 2013 (average: 151.5143), the exchange rate shifted by +11.1287 (+7.34%).

2014 Avg (August) 162.6431

2013 Avg (August) 151.5143

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	155.8999	152.3757	154.5987
February	152.6840	150.1123	151.6115
March	153.1079	150.6386	151.6820
April	158.6514	153.3520	156.0794
May	160.3751	156.4883	157.6984
June	157.3961	156.1649	156.8152
July	161.8087	157.2690	159.1450
August	163.8950	161.5435	162.6431
September	163.8391	161.8997	162.9640
October	163.1069	160.8647	161.7573
November	161.0324	150.0157	155.6695
December	149.6428	145.3658	147.7977