2014 ETB to SZL Historical Review

YEARLY HIGH

0.5856 SZL

YEARLY LOW

0.5285 SZL

YEARLY AVERAGE

0.5516 SZL

2014 ETB to SZL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the ETB to SZL exchange rate experienced significant fluctuation. The market reached its absolute peak on January 31, valuing the pair at 0.5856. Conversely, the yearly low was recorded on May 14, dropping to 0.5285.

This high-to-low spread represents a total annual volatility of 0.0571 SZL. From a start-to-finish perspective, comparing the January average rate of 0.5663 to the December average rate of 0.5702, the exchange rate registered a net change of 0.67% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.5856 was up 6.28% compared to the 2013 peak of 0.5510, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,928 SZL

2013 Average 2,577 SZL

Yearly Trough Low 2,643 SZL

Transaction Impact: A difference of 285.38 SZL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.5745

0.5297

JanuMarcMayJulySeptNove

ETB to SZL 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 0.5524, compared to 0.5508 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0015 points.

H1 Avg (Jan–Jun) 0.5524

H2 Avg (Jul–Dec) 0.5508

Volatility Range Comparison

Volatility

The most volatile month in 2014 was January, with a trading range of 0.0347 SZL (High: 0.5856 / Low: 0.5508). On the other end, August was the most stable month, with a tight range of 0.0095 SZL (High: 0.5425 / Low: 0.5331).

January Spread (Volatile) ±0.0347

August Spread (Stable) ±0.0095

Growth Streaks & Declines

Trends

Between August and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0143 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0143

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2014: 0.5663) against the same month in 2013 (average: 0.4794), the exchange rate shifted by +0.0869 (+18.13%).

2014 Avg (January) 0.5663

2013 Avg (January) 0.4794

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5856	0.5508	0.5663
February	0.5851	0.5557	0.5707
March	0.5655	0.5450	0.5567
April	0.5483	0.5366	0.5425
May	0.5404	0.5285	0.5334
June	0.5504	0.5378	0.5446
July	0.5462	0.5320	0.5406
August	0.5425	0.5331	0.5379
September	0.5651	0.5359	0.5507
October	0.5652	0.5435	0.5538
November	0.5614	0.5446	0.5519
December	0.5796	0.5477	0.5702