2014 CLP to VEF Historical Review

YEARLY HIGH

0.0120 VEF

YEARLY LOW

0.0102 VEF

YEARLY AVERAGE

0.0111 VEF

2014 CLP to VEF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the CLP to VEF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.0120. Conversely, the yearly low was recorded on December 16, dropping to 0.0102.

This high-to-low spread represents a total annual volatility of 0.0018 VEF. From a start-to-finish perspective, comparing the January average rate of 0.0117 to the December average rate of 0.0103, the exchange rate registered a net change of -11.92% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.0120 was down 11.12% compared to the 2013 peak of 0.0135, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 1,000,000 CLP based on timing:

Yearly Peak High 11,960 VEF

2013 Average 11,759 VEF

Yearly Trough Low 10,174 VEF

Transaction Impact: A difference of 1,786.13 VEF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.0118

0.0102

JanuMarcMayJulySeptNove

CLP 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 0.0114, compared to 0.0107 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) 0.0114

H2 Avg (Jul–Dec) 0.0107

Volatility Range Comparison

Volatility

The most volatile month in 2014 was January, with a trading range of 0.0006 VEF (High: 0.0120 / Low: 0.0114). On the other end, June was the most stable month, with a tight range of 0.0002 VEF (High: 0.0114 / Low: 0.0113).

January Spread (Volatile) ±0.0006

June Spread (Stable) ±0.0002

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 July and August, when the average rate fell by 0.0004 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0004

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2014: 0.0117) against the same month in 2013 (average: 0.0091), the exchange rate shifted by +0.0026 (+28.85%).

2014 Avg (January) 0.0117

2013 Avg (January) 0.0091

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0120	0.0114	0.0117
February	0.0115	0.0112	0.0114
March	0.0115	0.0110	0.0112
April	0.0115	0.0112	0.0113
May	0.0115	0.0111	0.0113
June	0.0114	0.0113	0.0114
July	0.0115	0.0110	0.0113
August	0.0110	0.0106	0.0109
September	0.0108	0.0105	0.0106
October	0.0110	0.0105	0.0107
November	0.0109	0.0103	0.0106
December	0.0104	0.0102	0.0103