2014 PEN to MOP Historical Review

YEARLY HIGH

2.8872 MOP

YEARLY LOW

2.6729 MOP

YEARLY AVERAGE

2.8152 MOP

2014 PEN to MOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the PEN to MOP exchange rate experienced significant fluctuation. The market reached its absolute peak on May 31, valuing the pair at 2.8872. Conversely, the yearly low was recorded on December 30, dropping to 2.6729.

This high-to-low spread represents a total annual volatility of 0.2143 MOP. From a start-to-finish perspective, comparing the January average rate of 2.8446 to the December average rate of 2.6980, the exchange rate registered a net change of -5.15% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 2.8872 was down 8.05% compared to the 2013 peak of 3.1399, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 14,436 MOP

2013 Average 14,798 MOP

Yearly Trough Low 13,364 MOP

Transaction Impact: A difference of 1,071.44 MOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

2.8825

2.6812

JanuMarcMayJulySeptNove

PEN to MOP 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 2.8521, compared to 2.7783 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0738 points.

H1 Avg (Jan–Jun) 2.8521

H2 Avg (Jul–Dec) 2.7783

Volatility Range Comparison

Volatility

The most volatile month in 2014 was December, with a trading range of 0.0583 MOP (High: 2.7312 / Low: 2.6729). On the other end, March was the most stable month, with a tight range of 0.0141 MOP (High: 2.8546 / Low: 2.8405).

December Spread (Volatile) ±0.0583

March Spread (Stable) ±0.0141

Growth Streaks & Declines

Trends

Between February and May, 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 August and September, when the average rate fell by 0.0490 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0490

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2014: 2.8618) against the same month in 2013 (average: 3.0276), the exchange rate shifted by -0.1658 (-5.48%).

2014 Avg (May) 2.8618

2013 Avg (May) 3.0276

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.8544	2.8330	2.8446
February	2.8539	2.8278	2.8390
March	2.8546	2.8405	2.8481
April	2.8842	2.8421	2.8615
May	2.8872	2.8412	2.8618
June	2.8862	2.8462	2.8577
July	2.8766	2.8538	2.8657
August	2.8580	2.8071	2.8377
September	2.8033	2.7652	2.7887
October	2.7669	2.7352	2.7504
November	2.7410	2.7173	2.7296
December	2.7312	2.6729	2.6980