2014 GHS to VEF Historical Review

YEARLY HIGH

2.6906 VEF

YEARLY LOW

1.6229 VEF

YEARLY AVERAGE

2.1082 VEF

2014 GHS to VEF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the GHS to VEF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 4, valuing the pair at 2.6906. Conversely, the yearly low was recorded on August 19, dropping to 1.6229.

This high-to-low spread represents a total annual volatility of 1.0677 VEF. From a start-to-finish perspective, comparing the January average rate of 2.6397 to the December average rate of 1.9706, the exchange rate registered a net change of -25.35% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 2.6906 was down 17.47% compared to the 2013 peak of 3.2600, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 13,453 VEF

2013 Average 14,104 VEF

Yearly Trough Low 8,115 VEF

Transaction Impact: A difference of 5,338.33 VEF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

2.7305

1.6410

JanuMarcMayJulySeptNove

GHS to VEF 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 2.3420, compared to 1.8744 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.4676 points.

H1 Avg (Jan–Jun) 2.3420

H2 Avg (Jul–Dec) 1.8744

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 0.2770 VEF (High: 1.9322 / Low: 1.6551). On the other end, December was the most stable month, with a tight range of 0.0145 VEF (High: 1.9781 / Low: 1.9636).

September Spread (Volatile) ±0.2770

December Spread (Stable) ±0.0145

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 June and July, when the average rate fell by 0.1583 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.1583

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2014: 2.6397) against the same month in 2013 (average: 2.2584), the exchange rate shifted by +0.3813 (+16.88%).

2014 Avg (January) 2.6397

2013 Avg (January) 2.2584

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.6906	2.5771	2.6397
February	2.6285	2.4485	2.5254
March	2.4728	2.3375	2.4271
April	2.3424	2.2271	2.2761
May	2.2261	2.0863	2.1611
June	2.1075	1.9226	2.0227
July	1.9324	1.7826	1.8644
August	1.8663	1.6229	1.7318
September	1.9322	1.6551	1.7704
October	1.9663	1.9273	1.9487
November	1.9753	1.9377	1.9607
December	1.9781	1.9636	1.9706