2014 NGN to MRO Historical Review

YEARLY HIGH

1.8575 MRO

YEARLY LOW

1.5748 MRO

YEARLY AVERAGE

1.7713 MRO

2014 NGN to MRO Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the NGN to MRO exchange rate experienced significant fluctuation. The market reached its absolute peak on May 5, valuing the pair at 1.8575. Conversely, the yearly low was recorded on December 23, dropping to 1.5748.

This high-to-low spread represents a total annual volatility of 0.2827 MRO. From a start-to-finish perspective, comparing the January average rate of 1.8164 to the December average rate of 1.5983, the exchange rate registered a net change of -12.01% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 1.8575 was down 3.98% compared to the 2013 peak of 1.9346, 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 1,857,523 MRO

2013 Average 1,843,940 MRO

Yearly Trough Low 1,574,795 MRO

Transaction Impact: A difference of 282,728.38 MRO purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

1.8418

1.5761

JanuMarcMayJulySeptNove

NGN to MRO 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 1.7992, compared to 1.7435 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0557 points.

H1 Avg (Jan–Jun) 1.7992

H2 Avg (Jul–Dec) 1.7435

Volatility Range Comparison

Volatility

The most volatile month in 2014 was November, with a trading range of 0.1454 MRO (High: 1.7765 / Low: 1.6311). On the other end, June was the most stable month, with a tight range of 0.0230 MRO (High: 1.8047 / Low: 1.7817).

November Spread (Volatile) ±0.1454

June Spread (Stable) ±0.0230

Growth Streaks & Declines

Trends

Between February and April, 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 0.1035 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.1035

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2014: 1.8163) against the same month in 2013 (average: 1.7711), the exchange rate shifted by +0.0452 (+2.55%).

2014 Avg (May) 1.8163

2013 Avg (May) 1.7711

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.8334	1.7883	1.8164
February	1.7901	1.7576	1.7752
March	1.8055	1.7604	1.7752
April	1.8501	1.7832	1.8196
May	1.8575	1.7927	1.8163
June	1.8047	1.7817	1.7922
July	1.8088	1.7849	1.7980
August	1.8146	1.7899	1.8023
September	1.8024	1.7752	1.7871
October	1.7867	1.7627	1.7735
November	1.7765	1.6311	1.7018
December	1.6251	1.5748	1.5983