2014 DJF to ZAR Historical Review

YEARLY HIGH

0.0655 ZAR

YEARLY LOW

0.0575 ZAR

YEARLY AVERAGE

0.0608 ZAR

2014 DJF to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the DJF to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on December 15, valuing the pair at 0.0655. Conversely, the yearly low was recorded on May 14, dropping to 0.0575.

This high-to-low spread represents a total annual volatility of 0.0079 ZAR. From a start-to-finish perspective, comparing the January average rate of 0.0610 to the December average rate of 0.0645, the exchange rate registered a net change of 5.75% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.0655 was up 10.83% compared to the 2013 peak of 0.0591, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 327 ZAR

2013 Average 272 ZAR

Yearly Trough Low 288 ZAR

Transaction Impact: A difference of 39.69 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.0651

0.0576

JanuMarcMayJulySeptNove

DJF 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 0.0600, compared to 0.0616 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0016 points.

H1 Avg (Jan–Jun) 0.0600

H2 Avg (Jul–Dec) 0.0616

Volatility Range Comparison

Volatility

The most volatile month in 2014 was January, with a trading range of 0.0043 ZAR (High: 0.0633 / Low: 0.0590). On the other end, August was the most stable month, with a tight range of 0.0011 ZAR (High: 0.0601 / Low: 0.0590).

January Spread (Volatile) ±0.0043

August Spread (Stable) ±0.0011

Growth Streaks & Declines

Trends

Between August and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0013 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0013

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 0.0645) against the same month in 2013 (average: 0.0582), the exchange rate shifted by +0.0063 (+10.78%).

2014 Avg (December) 0.0645

2013 Avg (December) 0.0582

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0633	0.0590	0.0610
February	0.0632	0.0600	0.0616
March	0.0612	0.0591	0.0604
April	0.0598	0.0582	0.0591
May	0.0592	0.0575	0.0582
June	0.0604	0.0591	0.0597
July	0.0604	0.0588	0.0596
August	0.0601	0.0590	0.0596
September	0.0632	0.0597	0.0615
October	0.0636	0.0606	0.0621
November	0.0632	0.0612	0.0621
December	0.0655	0.0618	0.0645