2014 ARS to VEF Historical Review

YEARLY HIGH

0.9652 VEF

YEARLY LOW

0.7372 VEF

YEARLY AVERAGE

0.7786 VEF

2014 ARS to VEF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the ARS to VEF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.9652. Conversely, the yearly low was recorded on December 2, dropping to 0.7372.

This high-to-low spread represents a total annual volatility of 0.2281 VEF. From a start-to-finish perspective, comparing the January average rate of 0.9057 to the December average rate of 0.7390, the exchange rate registered a net change of -18.41% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.9652 was down 21.50% compared to the 2013 peak of 1.2296, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 4,826 VEF

2013 Average 5,323 VEF

Yearly Trough Low 3,686 VEF

Transaction Impact: A difference of 1,140.26 VEF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.9224

0.7223

JanuMarcMayJulySeptNove

ARS to VEF 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 0.8074, compared to 0.7498 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0576 points.

H1 Avg (Jan–Jun) 0.8074

H2 Avg (Jul–Dec) 0.7498

Volatility Range Comparison

Volatility

The most volatile month in 2014 was January, with a trading range of 0.1804 VEF (High: 0.9652 / Low: 0.7849). On the other end, April was the most stable month, with a tight range of 0.0015 VEF (High: 0.7867 / Low: 0.7852).

January Spread (Volatile) ±0.1804

April Spread (Stable) ±0.0015

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2014. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.1051 points.

Longest Streak 0 Mo.

Sharpest MoM Drop -0.1051

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2014: 0.9057) against the same month in 2013 (average: 0.8683), the exchange rate shifted by +0.0374 (+4.31%).

2014 Avg (January) 0.9057

2013 Avg (January) 0.8683

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.9652	0.7849	0.9057
February	0.8097	0.7845	0.8006
March	0.8001	0.7863	0.7941
April	0.7867	0.7852	0.7863
May	0.7868	0.7791	0.7830
June	0.7787	0.7730	0.7747
July	0.7748	0.7671	0.7719
August	0.7651	0.7478	0.7571
September	0.7523	0.7431	0.7486
October	0.7463	0.7385	0.7429
November	0.7418	0.7374	0.7396
December	0.7456	0.7372	0.7390