2014 CVE to BRL Historical Review

YEARLY HIGH

0.0309 BRL

YEARLY LOW

0.0263 BRL

YEARLY AVERAGE

0.0284 BRL

2014 CVE to BRL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the CVE to BRL exchange rate experienced significant fluctuation. The market reached its absolute peak on December 16, valuing the pair at 0.0309. Conversely, the yearly low was recorded on September 6, dropping to 0.0263.

This high-to-low spread represents a total annual volatility of 0.0046 BRL. From a start-to-finish perspective, comparing the January average rate of 0.0295 to the December average rate of 0.0296, the exchange rate registered a net change of 0.61% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.0309 was up 4.22% compared to the 2013 peak of 0.0297, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 155 BRL

2013 Average 130 BRL

Yearly Trough Low 132 BRL

Transaction Impact: A difference of 23.09 BRL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.0299

0.0272

JanuMarcMayJulySeptNove

CVE to BRL 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 0.0287, compared to 0.0282 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0005 points.

H1 Avg (Jan–Jun) 0.0287

H2 Avg (Jul–Dec) 0.0282

Volatility Range Comparison

Volatility

The most volatile month in 2014 was December, with a trading range of 0.0021 BRL (High: 0.0309 / Low: 0.0288). On the other end, July was the most stable month, with a tight range of 0.0005 BRL (High: 0.0277 / Low: 0.0272).

December Spread (Volatile) ±0.0021

July Spread (Stable) ±0.0005

Growth Streaks & Declines

Trends

Between September and December, 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 March and April, when the average rate fell by 0.0012 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0012

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 0.0296) against the same month in 2013 (average: 0.0292), the exchange rate shifted by +0.0004 (+1.42%).

2014 Avg (December) 0.0296

2013 Avg (December) 0.0292

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0303	0.0288	0.0295
February	0.0300	0.0291	0.0296
March	0.0300	0.0282	0.0293
April	0.0285	0.0276	0.0281
May	0.0283	0.0275	0.0278
June	0.0283	0.0272	0.0277
July	0.0277	0.0272	0.0275
August	0.0280	0.0268	0.0275
September	0.0283	0.0263	0.0274
October	0.0291	0.0275	0.0283
November	0.0296	0.0282	0.0289
December	0.0309	0.0288	0.0296