2014 HNL to VEF Historical Review

YEARLY HIGH

0.3298 VEF

YEARLY LOW

0.2949 VEF

YEARLY AVERAGE

0.3089 VEF

2014 HNL to VEF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the HNL to VEF exchange rate experienced significant fluctuation. The market reached its absolute peak on May 1, valuing the pair at 0.3298. Conversely, the yearly low was recorded on November 3, dropping to 0.2949.

This high-to-low spread represents a total annual volatility of 0.0349 VEF. From a start-to-finish perspective, comparing the January average rate of 0.3137 to the December average rate of 0.2994, the exchange rate registered a net change of -4.58% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.3298 was down 0.59% compared to the 2013 peak of 0.3318, 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 1,649 VEF

2013 Average 1,453 VEF

Yearly Trough Low 1,475 VEF

Transaction Impact: A difference of 174.50 VEF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.3318

0.2932

JanuMarcMayJulySeptNove

HNL 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 0.3194, compared to 0.2985 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0209 points.

H1 Avg (Jan–Jun) 0.3194

H2 Avg (Jul–Dec) 0.2985

Volatility Range Comparison

Volatility

The most volatile month in 2014 was May, with a trading range of 0.0257 VEF (High: 0.3298 / Low: 0.3041). On the other end, July was the most stable month, with a tight range of 0.0008 VEF (High: 0.3008 / Low: 0.3000).

May Spread (Volatile) ±0.0257

July Spread (Stable) ±0.0008

Growth Streaks & Declines

Trends

Between January and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0256 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0256

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2014: 0.3278) against the same month in 2013 (average: 0.3252), the exchange rate shifted by +0.0026 (+0.79%).

2014 Avg (May) 0.3278

2013 Avg (May) 0.3252

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3161	0.3103	0.3137
February	0.3217	0.3152	0.3187
March	0.3276	0.3220	0.3255
April	0.3294	0.3272	0.3285
May	0.3298	0.3041	0.3278
June	0.3043	0.3003	0.3022
July	0.3008	0.3000	0.3003
August	0.3012	0.2975	0.2996
September	0.3003	0.2977	0.2985
October	0.2987	0.2956	0.2965
November	0.2975	0.2949	0.2964
December	0.3007	0.2969	0.2994