2014 SAR to CLP Historical Review

YEARLY HIGH

165.2708 CLP

YEARLY LOW

140.2522 CLP

YEARLY AVERAGE

152.0999 CLP

2014 SAR to CLP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the SAR to CLP exchange rate experienced significant fluctuation. The market reached its absolute peak on December 16, valuing the pair at 165.2708. Conversely, the yearly low was recorded on January 1, dropping to 140.2522.

This high-to-low spread represents a total annual volatility of 25.0186 CLP. From a start-to-finish perspective, comparing the January average rate of 143.3957 to the December average rate of 163.2172, the exchange rate registered a net change of 13.82% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 165.2708 was up 16.16% compared to the 2013 peak of 142.2824, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 826,354 CLP

2013 Average 660,546 CLP

Yearly Trough Low 701,261 CLP

Transaction Impact: A difference of 125,093.04 CLP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

165.1993

141.4135

JanuMarcMayJulySeptNove

SAR to CLP 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 147.5003, compared to 156.6994 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 9.1991 points.

H1 Avg (Jan–Jun) 147.5003

H2 Avg (Jul–Dec) 156.6994

Volatility Range Comparison

Volatility

The most volatile month in 2014 was November, with a trading range of 8.4397 CLP (High: 162.1086 / Low: 153.6689). On the other end, June was the most stable month, with a tight range of 2.5287 CLP (High: 149.0430 / Low: 146.5142).

November Spread (Volatile) ±8.4397

June Spread (Stable) ±2.5287

Growth Streaks & Declines

Trends

Between June and September, 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 2.0919 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -2.0919

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 163.2172) against the same month in 2013 (average: 140.9849), the exchange rate shifted by +22.2323 (+15.77%).

2014 Avg (December) 163.2172

2013 Avg (December) 140.9849

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	147.7379	140.2522	143.3957
February	149.7018	145.8654	147.6955
March	153.0430	146.5084	150.1638
April	150.2993	145.3486	148.0719
May	150.8159	146.2983	148.1706
June	149.0430	146.5142	147.5046
July	152.4739	146.4207	148.9440
August	158.1852	152.5222	154.5569
September	160.2870	156.4047	158.3745
October	159.4522	153.6758	156.9481
November	162.1086	153.6689	158.1560
December	165.2708	161.4340	163.2172