2014 FKP to ZAR Historical Review

YEARLY HIGH

18.6479 ZAR

YEARLY LOW

17.1422 ZAR

YEARLY AVERAGE

17.8570 ZAR

2014 FKP to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the FKP to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 29, valuing the pair at 18.6479. Conversely, the yearly low was recorded on November 23, dropping to 17.1422.

This high-to-low spread represents a total annual volatility of 1.5057 ZAR. From a start-to-finish perspective, comparing the January average rate of 17.8685 to the December average rate of 17.9705, the exchange rate registered a net change of 0.57% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 18.6479 was up 7.33% compared to the 2013 peak of 17.3749, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 93,239 ZAR

2013 Average 75,521 ZAR

Yearly Trough Low 85,711 ZAR

Transaction Impact: A difference of 7,528.36 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

18.2675

17.4172

JanuMarcMayJulySeptNove

FKP 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 17.8536, compared to 17.8604 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0069 points.

H1 Avg (Jan–Jun) 17.8536

H2 Avg (Jul–Dec) 17.8604

Volatility Range Comparison

Volatility

The most volatile month in 2014 was January, with a trading range of 1.2490 ZAR (High: 18.6479 / Low: 17.3988). On the other end, April was the most stable month, with a tight range of 0.4515 ZAR (High: 17.9177 / Low: 17.4661).

January Spread (Volatile) ±1.2490

April Spread (Stable) ±0.4515

Growth Streaks & Declines

Trends

Between May and July, 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 July and August, when the average rate fell by 0.3976 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.3976

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2014: 17.8685) against the same month in 2013 (average: 14.0184), the exchange rate shifted by +3.8501 (+27.46%).

2014 Avg (January) 17.8685

2013 Avg (January) 14.0184

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	18.6479	17.3988	17.8685
February	18.3567	17.8889	18.1658
March	18.1075	17.5750	17.8651
April	17.9177	17.4661	17.6568
May	17.8157	17.2845	17.5218
June	18.3451	17.7141	18.0435
July	18.4607	17.8463	18.1967
August	18.1303	17.6146	17.7991
September	18.2951	17.3472	17.9007
October	18.2379	17.3919	17.8076
November	17.8712	17.1422	17.4881
December	18.3478	17.3209	17.9705