2014 NIO to BTN Historical Review

YEARLY HIGH

2.4800 BTN

YEARLY LOW

2.2620 BTN

YEARLY AVERAGE

2.3498 BTN

2014 NIO to BTN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the NIO to BTN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 27, valuing the pair at 2.4800. Conversely, the yearly low was recorded on May 24, dropping to 2.2620.

This high-to-low spread represents a total annual volatility of 0.2180 BTN. From a start-to-finish perspective, comparing the January average rate of 2.4429 to the December average rate of 2.3682, the exchange rate registered a net change of -3.06% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 2.4800 was down 8.90% compared to the 2013 peak of 2.7224, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 NIO based on timing:

Yearly Peak High 12,400 BTN

2013 Average 11,859 BTN

Yearly Trough Low 11,310 BTN

Transaction Impact: A difference of 1,090.12 BTN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

2.4569

2.2886

JanuMarcMayJulySeptNove

NIO 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 2.3709, compared to 2.3288 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0420 points.

H1 Avg (Jan–Jun) 2.3709

H2 Avg (Jul–Dec) 2.3288

Volatility Range Comparison

Volatility

The most volatile month in 2014 was March, with a trading range of 0.1132 BTN (High: 2.4375 / Low: 2.3243). On the other end, July was the most stable month, with a tight range of 0.0247 BTN (High: 2.3233 / Low: 2.2986).

March Spread (Volatile) ±0.1132

July Spread (Stable) ±0.0247

Growth Streaks & Declines

Trends

Between May and August, 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 February and March, when the average rate fell by 0.0562 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0562

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2014: 2.4429) against the same month in 2013 (average: 2.2462), the exchange rate shifted by +0.1967 (+8.76%).

2014 Avg (January) 2.4429

2013 Avg (January) 2.2462

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.4800	2.4042	2.4429
February	2.4643	2.4203	2.4427
March	2.4375	2.3243	2.3865
April	2.3734	2.3256	2.3453
May	2.3431	2.2620	2.3026
June	2.3271	2.2844	2.3051
July	2.3233	2.2986	2.3085
August	2.3548	2.3106	2.3330
September	2.3662	2.2891	2.3210
October	2.3582	2.2977	2.3198
November	2.3348	2.3064	2.3224
December	2.4060	2.3249	2.3682