2014 BTN to VEF Historical Review

YEARLY HIGH

0.1078 VEF

YEARLY LOW

0.0991 VEF

YEARLY AVERAGE

0.1032 VEF

2014 BTN to VEF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the BTN to VEF exchange rate experienced significant fluctuation. The market reached its absolute peak on May 24, valuing the pair at 0.1078. Conversely, the yearly low was recorded on December 29, dropping to 0.0991.

This high-to-low spread represents a total annual volatility of 0.0086 VEF. From a start-to-finish perspective, comparing the January average rate of 0.1014 to the December average rate of 0.1006, the exchange rate registered a net change of -0.76% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.1078 was down 7.86% compared to the 2013 peak of 0.1170, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 539 VEF

2013 Average 498 VEF

Yearly Trough Low 496 VEF

Transaction Impact: A difference of 43.21 VEF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.1066

0.1001

JanuMarcMayJulySeptNove

BTN 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 0.1036, compared to 0.1028 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0007 points.

H1 Avg (Jan–Jun) 0.1036

H2 Avg (Jul–Dec) 0.1028

Volatility Range Comparison

Volatility

The most volatile month in 2014 was March, with a trading range of 0.0037 VEF (High: 0.1052 / Low: 0.1015). On the other end, November was the most stable month, with a tight range of 0.0012 VEF (High: 0.1026 / Low: 0.1014).

March Spread (Volatile) ±0.0037

November Spread (Stable) ±0.0012

Growth Streaks & Declines

Trends

Between February and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0014 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0014

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2014: 0.1060) against the same month in 2013 (average: 0.1146), the exchange rate shifted by -0.0086 (-7.50%).

2014 Avg (May) 0.1060

2013 Avg (May) 0.1146

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1023	0.0998	0.1014
February	0.1016	0.1004	0.1011
March	0.1052	0.1015	0.1032
April	0.1052	0.1030	0.1043
May	0.1078	0.1043	0.1060
June	0.1064	0.1043	0.1054
July	0.1053	0.1041	0.1048
August	0.1041	0.1026	0.1034
September	0.1049	0.1020	0.1036
October	0.1032	0.1019	0.1026
November	0.1026	0.1014	0.1020
December	0.1022	0.0991	0.1006