2014 KES to CVE Historical Review

YEARLY HIGH

1.0008 CVE

YEARLY LOW

0.9049 CVE

YEARLY AVERAGE

0.9409 CVE

2014 KES to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the KES to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 1.0008. Conversely, the yearly low was recorded on May 6, dropping to 0.9049.

This high-to-low spread represents a total annual volatility of 0.0959 CVE. From a start-to-finish perspective, comparing the January average rate of 0.9358 to the December average rate of 0.9868, the exchange rate registered a net change of 5.44% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 1.0008 was down 2.50% compared to the 2013 peak of 1.0265, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 5,004 CVE

2013 Average 4,817 CVE

Yearly Trough Low 4,525 CVE

Transaction Impact: A difference of 479.55 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.9940

0.9068

JanuMarcMayJulySeptNove

KES 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 0.9228, compared to 0.9589 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0361 points.

H1 Avg (Jan–Jun) 0.9228

H2 Avg (Jul–Dec) 0.9589

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 0.0307 CVE (High: 0.9722 / Low: 0.9415). On the other end, June was the most stable month, with a tight range of 0.0095 CVE (High: 0.9257 / Low: 0.9162).

September Spread (Volatile) ±0.0307

June Spread (Stable) ±0.0095

Growth Streaks & Declines

Trends

Between May and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0144 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.0144

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 0.9868) against the same month in 2013 (average: 0.9303), the exchange rate shifted by +0.0565 (+6.07%).

2014 Avg (December) 0.9868

2013 Avg (December) 0.9303

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.9480	0.9239	0.9358
February	0.9426	0.9212	0.9315
March	0.9271	0.9072	0.9171
April	0.9259	0.9115	0.9166
May	0.9191	0.9049	0.9141
June	0.9257	0.9162	0.9216
July	0.9338	0.9137	0.9230
August	0.9431	0.9286	0.9344
September	0.9722	0.9415	0.9595
October	0.9814	0.9626	0.9713
November	0.9836	0.9706	0.9785
December	1.0008	0.9720	0.9868