2014 PEN to BAM Historical Review

YEARLY HIGH

0.5419 BAM

YEARLY LOW

0.5001 BAM

YEARLY AVERAGE

0.5194 BAM

2014 PEN to BAM Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the PEN to BAM exchange rate experienced significant fluctuation. The market reached its absolute peak on November 23, valuing the pair at 0.5419. Conversely, the yearly low was recorded on March 18, dropping to 0.5001.

This high-to-low spread represents a total annual volatility of 0.0418 BAM. From a start-to-finish perspective, comparing the January average rate of 0.5113 to the December average rate of 0.5365, the exchange rate registered a net change of 4.94% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.5419 was down 8.17% compared to the 2013 peak of 0.5901, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,710 BAM

2013 Average 2,731 BAM

Yearly Trough Low 2,501 BAM

Transaction Impact: A difference of 208.81 BAM purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.5398

0.5012

JanuMarcMayJulySeptNove

PEN to BAM 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 0.5097, compared to 0.5291 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0195 points.

H1 Avg (Jan–Jun) 0.5097

H2 Avg (Jul–Dec) 0.5291

Volatility Range Comparison

Volatility

The most volatile month in 2014 was May, with a trading range of 0.0178 BAM (High: 0.5193 / Low: 0.5014). On the other end, August was the most stable month, with a tight range of 0.0043 BAM (High: 0.5244 / Low: 0.5202).

May Spread (Volatile) ±0.0178

August Spread (Stable) ±0.0043

Growth Streaks & Declines

Trends

Between March and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 9 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0049 points.

Longest Streak 9 Mo.

Sharpest MoM Drop -0.0049

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2014: 0.5364) against the same month in 2013 (average: 0.5187), the exchange rate shifted by +0.0177 (+3.42%).

2014 Avg (November) 0.5364

2013 Avg (November) 0.5187

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5144	0.5068	0.5113
February	0.5134	0.5069	0.5092
March	0.5087	0.5001	0.5044
April	0.5109	0.5030	0.5076
May	0.5193	0.5014	0.5106
June	0.5195	0.5118	0.5151
July	0.5233	0.5116	0.5186
August	0.5244	0.5202	0.5221
September	0.5352	0.5222	0.5297
October	0.5377	0.5271	0.5315
November	0.5419	0.5314	0.5364
December	0.5417	0.5271	0.5365