2015 SZL to BWP Historical Review

YEARLY HIGH

0.8410 BWP

YEARLY LOW

0.7079 BWP

YEARLY AVERAGE

0.7960 BWP

2015 SZL to BWP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2015

During 2015, the SZL to BWP exchange rate experienced significant fluctuation. The market reached its absolute peak on February 5, valuing the pair at 0.8410. Conversely, the yearly low was recorded on December 10, dropping to 0.7079.

This high-to-low spread represents a total annual volatility of 0.1331 BWP. From a start-to-finish perspective, comparing the January average rate of 0.8287 to the December average rate of 0.7336, the exchange rate registered a net change of -11.48% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2015 high of 0.8410 was down 0.08% compared to the 2014 peak of 0.8417, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 4,205 BWP

2014 Average 4,138 BWP

Yearly Trough Low 3,540 BWP

Transaction Impact: A difference of 665.56 BWP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2015.

0.8387

0.7241

JanuMarcMayJulySeptNove

SZL to BWP 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 0.8215, compared to 0.7705 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0509 points.

H1 Avg (Jan–Jun) 0.8215

H2 Avg (Jul–Dec) 0.7705

Volatility Range Comparison

Volatility

The most volatile month in 2015 was December, with a trading range of 0.0461 BWP (High: 0.7540 / Low: 0.7079). On the other end, March was the most stable month, with a tight range of 0.0150 BWP (High: 0.8271 / Low: 0.8120).

December Spread (Volatile) ±0.0461

March Spread (Stable) ±0.0150

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2015. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0249 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0249

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2015: 0.8291) against the same month in 2014 (average: 0.8180), the exchange rate shifted by +0.0111 (+1.36%).

2015 Avg (February) 0.8291

2014 Avg (February) 0.8180

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.8400	0.8129	0.8287
February	0.8410	0.8241	0.8291
March	0.8271	0.8120	0.8208
April	0.8355	0.8143	0.8242
May	0.8264	0.8070	0.8185
June	0.8162	0.7948	0.8074
July	0.8128	0.7977	0.8051
August	0.8044	0.7741	0.7900
September	0.7769	0.7556	0.7656
October	0.7812	0.7580	0.7703
November	0.7683	0.7506	0.7585
December	0.7540	0.7079	0.7336