2014 MAD to VEF Historical Review

YEARLY HIGH

0.7785 VEF

YEARLY LOW

0.6980 VEF

YEARLY AVERAGE

0.7492 VEF

2014 MAD to VEF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the MAD to VEF exchange rate experienced significant fluctuation. The market reached its absolute peak on March 18, valuing the pair at 0.7785. Conversely, the yearly low was recorded on December 31, dropping to 0.6980.

This high-to-low spread represents a total annual volatility of 0.0805 VEF. From a start-to-finish perspective, comparing the January average rate of 0.7643 to the December average rate of 0.7064, the exchange rate registered a net change of -7.58% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.7785 was up 0.79% compared to the 2013 peak of 0.7724, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 3,893 VEF

2013 Average 3,473 VEF

Yearly Trough Low 3,490 VEF

Transaction Impact: A difference of 402.71 VEF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.7804

0.6997

JanuMarcMayJulySeptNove

MAD 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 0.7683, compared to 0.7300 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0383 points.

H1 Avg (Jan–Jun) 0.7683

H2 Avg (Jul–Dec) 0.7300

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 0.0227 VEF (High: 0.7418 / Low: 0.7191). On the other end, June was the most stable month, with a tight range of 0.0069 VEF (High: 0.7672 / Low: 0.7602).

September Spread (Volatile) ±0.0227

June Spread (Stable) ±0.0069

Growth Streaks & Declines

Trends

Between January and March, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0191 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0191

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2014: 0.7737) against the same month in 2013 (average: 0.5534), the exchange rate shifted by +0.2203 (+39.81%).

2014 Avg (March) 0.7737

2013 Avg (March) 0.5534

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.7698	0.7590	0.7643
February	0.7720	0.7579	0.7660
March	0.7785	0.7693	0.7737
April	0.7761	0.7683	0.7734
May	0.7772	0.7631	0.7693
June	0.7672	0.7602	0.7632
July	0.7658	0.7536	0.7603
August	0.7555	0.7417	0.7503
September	0.7418	0.7191	0.7312
October	0.7257	0.7136	0.7204
November	0.7154	0.7080	0.7114
December	0.7152	0.6980	0.7064