2014 ERN to CVE Historical Review

YEARLY HIGH

90.6613 CVE

YEARLY LOW

78.4717 CVE

YEARLY AVERAGE

82.7689 CVE

2014 ERN to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the ERN to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 90.6613. Conversely, the yearly low was recorded on March 14, dropping to 78.4717.

This high-to-low spread represents a total annual volatility of 12.1896 CVE. From a start-to-finish perspective, comparing the January average rate of 80.7304 to the December average rate of 89.2601, the exchange rate registered a net change of 10.57% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 90.6613 was up 5.09% compared to the 2013 peak of 86.2698, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 453,307 CVE

2013 Average 414,636 CVE

Yearly Trough Low 392,359 CVE

Transaction Impact: A difference of 60,948.08 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

90.2505

78.3664

JanuMarcMayJulySeptNove

ERN to CVE 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 80.1068, compared to 85.4309 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 5.3241 points.

H1 Avg (Jan–Jun) 80.1068

H2 Avg (Jul–Dec) 85.4309

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 3.2471 CVE (High: 86.7571 / Low: 83.5100). On the other end, June was the most stable month, with a tight range of 0.8953 CVE (High: 81.1665 / Low: 80.2711).

September Spread (Volatile) ±3.2471

June Spread (Stable) ±0.8953

Growth Streaks & Declines

Trends

Between March and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 9 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 1.0129 points.

Longest Streak 9 Mo.

Sharpest MoM Drop -1.0129

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 89.2601) against the same month in 2013 (average: 80.2994), the exchange rate shifted by +8.9608 (+11.16%).

2014 Avg (December) 89.2601

2013 Avg (December) 80.2994

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	81.3701	79.7880	80.7304
February	81.4385	79.5791	80.3696
March	80.2220	78.4717	79.3567
April	80.2498	79.0834	79.5227
May	80.6931	78.8089	79.9144
June	81.1665	80.2711	80.7470
July	81.9909	80.2224	81.0077
August	83.4641	81.6579	82.3692
September	86.7571	83.5100	85.2582
October	87.7656	85.6978	86.6616
November	88.4412	87.3008	88.0288
December	90.6613	88.0316	89.2601