2014 HNL to CVE Historical Review

YEARLY HIGH

4.3112 CVE

YEARLY LOW

3.8279 CVE

YEARLY AVERAGE

4.0562 CVE

2014 HNL to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the HNL to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 4.3112. Conversely, the yearly low was recorded on July 2, dropping to 3.8279.

This high-to-low spread represents a total annual volatility of 0.4833 CVE. From a start-to-finish perspective, comparing the January average rate of 4.0250 to the December average rate of 4.2319, the exchange rate registered a net change of 5.14% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 4.3112 was down 4.82% compared to the 2013 peak of 4.5294, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 21,556 CVE

2013 Average 20,658 CVE

Yearly Trough Low 19,140 CVE

Transaction Impact: A difference of 2,416.38 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

4.2685

3.8292

JanuMarcMayJulySeptNove

HNL to CVE 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 4.0651, compared to 4.0473 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0178 points.

H1 Avg (Jan–Jun) 4.0651

H2 Avg (Jul–Dec) 4.0473

Volatility Range Comparison

Volatility

The most volatile month in 2014 was May, with a trading range of 0.3295 CVE (High: 4.2240 / Low: 3.8944). On the other end, April was the most stable month, with a tight range of 0.0451 CVE (High: 4.1758 / Low: 4.1307).

May Spread (Volatile) ±0.3295

April Spread (Stable) ±0.0451

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 May and June, when the average rate fell by 0.2857 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.2857

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 4.2319) against the same month in 2013 (average: 3.9330), the exchange rate shifted by +0.2989 (+7.60%).

2014 Avg (December) 4.2319

2013 Avg (December) 3.9330

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	4.0749	3.9364	4.0250
February	4.0924	4.0454	4.0703
March	4.1705	4.0654	4.1047
April	4.1758	4.1307	4.1518
May	4.2240	3.8944	4.1623
June	3.9010	3.8301	3.8766
July	3.9188	3.8279	3.8658
August	3.9549	3.8922	3.9209
September	4.1096	3.9611	4.0396
October	4.1505	4.0292	4.0806
November	4.1636	4.0920	4.1449
December	4.3112	4.1602	4.2319