2014 MRO to VEF Historical Review

YEARLY HIGH

0.0219 VEF

YEARLY LOW

0.0211 VEF

YEARLY AVERAGE

0.0216 VEF

2014 MRO to VEF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the MRO to VEF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 4, valuing the pair at 0.0219. Conversely, the yearly low was recorded on March 30, dropping to 0.0211.

This high-to-low spread represents a total annual volatility of 0.0007 VEF. From a start-to-finish perspective, comparing the January average rate of 0.0216 to the December average rate of 0.0217, the exchange rate registered a net change of 0.31% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.0219 was down 8.70% compared to the 2013 peak of 0.0239, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 109 VEF

2013 Average 100 VEF

Yearly Trough Low 106 VEF

Transaction Impact: A difference of 3.66 VEF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.0217

0.0213

JanuMarcMayJulySeptNove

MRO 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 0.0215, compared to 0.0216 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0001 points.

H1 Avg (Jan–Jun) 0.0215

H2 Avg (Jul–Dec) 0.0216

Volatility Range Comparison

Volatility

The most volatile month in 2014 was March, with a trading range of 0.0005 VEF (High: 0.0217 / Low: 0.0211). On the other end, July was the most stable month, with a tight range of 0.0002 VEF (High: 0.0217 / Low: 0.0215).

March Spread (Volatile) ±0.0005

July Spread (Stable) ±0.0002

Growth Streaks & Declines

Trends

Between April and July, 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 March and April, when the average rate fell by 0.0002 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0002

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 0.0217) against the same month in 2013 (average: 0.0216), the exchange rate shifted by +0.0001 (+0.59%).

2014 Avg (December) 0.0217

2013 Avg (December) 0.0216

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0218	0.0216	0.0216
February	0.0218	0.0215	0.0216
March	0.0217	0.0211	0.0215
April	0.0215	0.0211	0.0213
May	0.0216	0.0212	0.0214
June	0.0216	0.0214	0.0215
July	0.0217	0.0215	0.0216
August	0.0216	0.0214	0.0215
September	0.0217	0.0215	0.0216
October	0.0218	0.0214	0.0216
November	0.0217	0.0214	0.0216
December	0.0219	0.0216	0.0217