2014 TMT to BND Historical Review

YEARLY HIGH

1.3246 BND

YEARLY LOW

1.2385 BND

YEARLY AVERAGE

1.2672 BND

2014 TMT to BND Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the TMT to BND exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 1.3246. Conversely, the yearly low was recorded on July 23, dropping to 1.2385.

This high-to-low spread represents a total annual volatility of 0.0861 BND. From a start-to-finish perspective, comparing the January average rate of 1.2726 to the December average rate of 1.3165, the exchange rate registered a net change of 3.45% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 1.3246 was up 3.34% compared to the 2013 peak of 1.2818, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 6,623 BND

2013 Average 6,255 BND

Yearly Trough Low 6,193 BND

Transaction Impact: A difference of 430.66 BND purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

1.3238

1.2358

JanuMarcMayJulySeptNove

TMT to BND 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 1.2607, compared to 1.2737 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0130 points.

H1 Avg (Jan–Jun) 1.2607

H2 Avg (Jul–Dec) 1.2737

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 0.0251 BND (High: 1.2756 / Low: 1.2505). On the other end, August was the most stable month, with a tight range of 0.0075 BND (High: 1.2518 / Low: 1.2442).

September Spread (Volatile) ±0.0251

August Spread (Stable) ±0.0075

Growth Streaks & Declines

Trends

Between July and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0117 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0117

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 1.3165) against the same month in 2013 (average: 1.2596), the exchange rate shifted by +0.0569 (+4.52%).

2014 Avg (December) 1.3165

2013 Avg (December) 1.2596

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.2817	1.2636	1.2726
February	1.2814	1.2597	1.2667
March	1.2744	1.2590	1.2669
April	1.2633	1.2478	1.2551
May	1.2562	1.2482	1.2520
June	1.2577	1.2471	1.2508
July	1.2476	1.2385	1.2432
August	1.2518	1.2442	1.2486
September	1.2756	1.2505	1.2638
October	1.2840	1.2674	1.2750
November	1.3051	1.2819	1.2953
December	1.3246	1.3048	1.3165