We assume from both experimental series that distribution with mode 1.1 -1.2 ns -1 corresponds to exciplex decay influenced by water electronic-vibrational resonance transfer process. Decreased variance for this component in higher dye concentrations, unachievable with increase in water ratio indicates that particles are more uniform in higher dye concentrations. Interestingly, we clearly see that water-sensitive response is barely dependent on BODIPY-C18 concentration above certain threshold.