2014 PEN to VEF Historical Review

YEARLY HIGH

2.2763 VEF

YEARLY LOW

2.1111 VEF

YEARLY AVERAGE

2.2187 VEF

2014 PEN to VEF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the PEN to VEF exchange rate experienced significant fluctuation. The market reached its absolute peak on May 31, valuing the pair at 2.2763. Conversely, the yearly low was recorded on December 30, dropping to 2.1111.

This high-to-low spread represents a total annual volatility of 0.1651 VEF. From a start-to-finish perspective, comparing the January average rate of 2.2396 to the December average rate of 2.1313, the exchange rate registered a net change of -4.84% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 2.2763 was down 6.74% compared to the 2013 peak of 2.4407, 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 11,381 VEF

2013 Average 10,773 VEF

Yearly Trough Low 10,556 VEF

Transaction Impact: A difference of 825.72 VEF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

2.2716

2.1185

JanuMarcMayJulySeptNove

PEN 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 2.2467, compared to 2.1907 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0560 points.

H1 Avg (Jan–Jun) 2.2467

H2 Avg (Jul–Dec) 2.1907

Volatility Range Comparison

Volatility

The most volatile month in 2014 was August, with a trading range of 0.0457 VEF (High: 2.2539 / Low: 2.2082). On the other end, March was the most stable month, with a tight range of 0.0143 VEF (High: 2.2500 / Low: 2.2357).

August Spread (Volatile) ±0.0457

March Spread (Stable) ±0.0143

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 0.0378 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0378

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2014: 2.2552) against the same month in 2013 (average: 2.3815), the exchange rate shifted by -0.1263 (-5.30%).

2014 Avg (May) 2.2552

2013 Avg (May) 2.3815

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.2524	2.2280	2.2396
February	2.2458	2.2257	2.2360
March	2.2500	2.2357	2.2421
April	2.2699	2.2368	2.2539
May	2.2763	2.2408	2.2552
June	2.2743	2.2437	2.2534
July	2.2681	2.2500	2.2588
August	2.2539	2.2082	2.2360
September	2.2150	2.1746	2.1983
October	2.1798	2.1566	2.1673
November	2.1632	2.1434	2.1523
December	2.1532	2.1111	2.1313