2014 GNF to ZAR Historical Review

YEARLY HIGH

0.0017 ZAR

YEARLY LOW

0.0015 ZAR

YEARLY AVERAGE

0.0015 ZAR

2014 GNF to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the GNF to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on December 22, valuing the pair at 0.0017. Conversely, the yearly low was recorded on May 24, dropping to 0.0015.

This high-to-low spread represents a total annual volatility of 0.0002 ZAR. From a start-to-finish perspective, comparing the January average rate of 0.0016 to the December average rate of 0.0016, the exchange rate registered a net change of 4.90% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.0017 was up 9.19% compared to the 2013 peak of 0.0015, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 8 ZAR

2013 Average 7 ZAR

Yearly Trough Low 7 ZAR

Transaction Impact: A difference of 0.95 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.0016

0.0015

JanuMarcMayJulySeptNove

GNF 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 0.0015, compared to 0.0016 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0000 points.

H1 Avg (Jan–Jun) 0.0015

H2 Avg (Jul–Dec) 0.0016

Volatility Range Comparison

Volatility

The most volatile month in 2014 was January, with a trading range of 0.0001 ZAR (High: 0.0016 / Low: 0.0015). On the other end, August was the most stable month, with a tight range of 0.0000 ZAR (High: 0.0015 / Low: 0.0015).

January Spread (Volatile) ±0.0001

August Spread (Stable) ±0.0000

Growth Streaks & Declines

Trends

Between July and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0000 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0000

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 0.0016) against the same month in 2013 (average: 0.0015), the exchange rate shifted by +0.0001 (+9.62%).

2014 Avg (December) 0.0016

2013 Avg (December) 0.0015

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0016	0.0015	0.0016
February	0.0016	0.0015	0.0016
March	0.0016	0.0015	0.0015
April	0.0015	0.0015	0.0015
May	0.0015	0.0015	0.0015
June	0.0016	0.0015	0.0015
July	0.0015	0.0015	0.0015
August	0.0015	0.0015	0.0015
September	0.0016	0.0015	0.0016
October	0.0016	0.0015	0.0016
November	0.0016	0.0016	0.0016
December	0.0017	0.0016	0.0016