2014 ETB to ZAR Historical Review

YEARLY HIGH

0.5867 ZAR

YEARLY LOW

0.5280 ZAR

YEARLY AVERAGE

0.5515 ZAR

2014 ETB to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the ETB to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 29, valuing the pair at 0.5867. Conversely, the yearly low was recorded on May 14, dropping to 0.5280.

This high-to-low spread represents a total annual volatility of 0.0588 ZAR. From a start-to-finish perspective, comparing the January average rate of 0.5662 to the December average rate of 0.5699, the exchange rate registered a net change of 0.65% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.5867 was up 6.42% compared to the 2013 peak of 0.5513, 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 2,934 ZAR

2013 Average 2,576 ZAR

Yearly Trough Low 2,640 ZAR

Transaction Impact: A difference of 293.76 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.5737

0.5295

JanuMarcMayJulySeptNove

ETB 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 0.5521, 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 0.0014 points.

H1 Avg (Jan–Jun) 0.5521

H2 Avg (Jul–Dec) 0.5508

Volatility Range Comparison

Volatility

The most volatile month in 2014 was January, with a trading range of 0.0369 ZAR (High: 0.5867 / Low: 0.5498). On the other end, August was the most stable month, with a tight range of 0.0101 ZAR (High: 0.5432 / Low: 0.5331).

January Spread (Volatile) ±0.0369

August Spread (Stable) ±0.0101

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 0.0147 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0147

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2014: 0.5662) against the same month in 2013 (average: 0.4797), the exchange rate shifted by +0.0865 (+18.04%).

2014 Avg (January) 0.5662

2013 Avg (January) 0.4797

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5867	0.5498	0.5662
February	0.5857	0.5561	0.5700
March	0.5662	0.5443	0.5569
April	0.5477	0.5360	0.5422
May	0.5396	0.5280	0.5331
June	0.5517	0.5405	0.5444
July	0.5460	0.5317	0.5404
August	0.5432	0.5331	0.5376
September	0.5655	0.5348	0.5510
October	0.5655	0.5424	0.5536
November	0.5627	0.5444	0.5521
December	0.5796	0.5469	0.5699