2014 CVE to ZAR Historical Review

YEARLY HIGH

0.1403 ZAR

YEARLY LOW

0.1240 ZAR

YEARLY AVERAGE

0.1311 ZAR

2014 CVE to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the CVE to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 29, valuing the pair at 0.1403. Conversely, the yearly low was recorded on November 22, dropping to 0.1240.

This high-to-low spread represents a total annual volatility of 0.0162 ZAR. From a start-to-finish perspective, comparing the January average rate of 0.1344 to the December average rate of 0.1288, the exchange rate registered a net change of -4.17% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.1403 was up 6.35% compared to the 2013 peak of 0.1319, 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 701 ZAR

2013 Average 582 ZAR

Yearly Trough Low 620 ZAR

Transaction Impact: A difference of 81.25 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.1375

0.1249

JanuMarcMayJulySeptNove

CVE to ZAR 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 0.1335, compared to 0.1288 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0048 points.

H1 Avg (Jan–Jun) 0.1335

H2 Avg (Jul–Dec) 0.1288

Volatility Range Comparison

Volatility

The most volatile month in 2014 was January, with a trading range of 0.0086 ZAR (High: 0.1403 / Low: 0.1316). On the other end, June was the most stable month, with a tight range of 0.0022 ZAR (High: 0.1335 / Low: 0.1313).

January Spread (Volatile) ±0.0086

June Spread (Stable) ±0.0022

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 March and April, when the average rate fell by 0.0028 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0028

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2014: 0.1344) against the same month in 2013 (average: 0.1058), the exchange rate shifted by +0.0287 (+27.11%).

2014 Avg (January) 0.1344

2013 Avg (January) 0.1058

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1403	0.1316	0.1344
February	0.1385	0.1340	0.1365
March	0.1376	0.1323	0.1354
April	0.1343	0.1310	0.1326
May	0.1332	0.1281	0.1302
June	0.1335	0.1313	0.1321
July	0.1338	0.1287	0.1316
August	0.1315	0.1277	0.1294
September	0.1306	0.1256	0.1288
October	0.1297	0.1252	0.1279
November	0.1278	0.1240	0.1260
December	0.1327	0.1248	0.1288