2014 BRL to CVE Historical Review

YEARLY HIGH

37.9813 CVE

YEARLY LOW

32.3132 CVE

YEARLY AVERAGE

35.2141 CVE

2014 BRL to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the BRL to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on September 6, valuing the pair at 37.9813. Conversely, the yearly low was recorded on December 16, dropping to 32.3132.

This high-to-low spread represents a total annual volatility of 5.6681 CVE. From a start-to-finish perspective, comparing the January average rate of 33.9461 to the December average rate of 33.7471, the exchange rate registered a net change of -0.59% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 37.9813 was down 13.08% compared to the 2013 peak of 43.6948, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 25,000 BRL based on timing:

Yearly Peak High 949,533 CVE

2013 Average 965,024 CVE

Yearly Trough Low 807,830 CVE

Transaction Impact: A difference of 141,702.13 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

36.8128

33.4562

JanuMarcMayJulySeptNove

BRL to CVE 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 34.9279, compared to 35.5003 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.5724 points.

H1 Avg (Jan–Jun) 34.9279

H2 Avg (Jul–Dec) 35.5003

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 2.5980 CVE (High: 37.9813 / Low: 35.3833). On the other end, July was the most stable month, with a tight range of 0.6826 CVE (High: 36.7201 / Low: 36.0375).

September Spread (Volatile) ±2.5980

July Spread (Stable) ±0.6826

Growth Streaks & Declines

Trends

Between February and July, 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 September and October, when the average rate fell by 1.1472 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -1.1472

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2014: 36.5331) against the same month in 2013 (average: 36.0819), the exchange rate shifted by +0.4511 (+1.25%).

2014 Avg (September) 36.5331

2013 Avg (September) 36.0819

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	34.6780	32.9741	33.9461
February	34.3978	33.3311	33.7359
March	35.4235	33.3705	34.1216
April	36.1779	35.1068	35.6179
May	36.3617	35.3376	35.9812
June	36.7113	35.3972	36.1647
July	36.7201	36.0375	36.4279
August	37.2944	35.7474	36.3470
September	37.9813	35.3833	36.5331
October	36.2991	34.4148	35.3859
November	35.4554	33.7485	34.5610
December	34.7190	32.3132	33.7471