2014 SAR to CVE Historical Review

YEARLY HIGH

24.1561 CVE

YEARLY LOW

20.9241 CVE

YEARLY AVERAGE

22.0655 CVE

2014 SAR to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the SAR to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 24.1561. Conversely, the yearly low was recorded on March 14, dropping to 20.9241.

This high-to-low spread represents a total annual volatility of 3.2320 CVE. From a start-to-finish perspective, comparing the January average rate of 21.5251 to the December average rate of 23.7815, the exchange rate registered a net change of 10.48% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 24.1561 was up 5.02% compared to the 2013 peak of 23.0007, 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 120,780 CVE

2013 Average 110,559 CVE

Yearly Trough Low 104,620 CVE

Transaction Impact: A difference of 16,159.93 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

24.0438

20.8968

JanuMarcMayJulySeptNove

SAR to CVE 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 21.3587, compared to 22.7722 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.4135 points.

H1 Avg (Jan–Jun) 21.3587

H2 Avg (Jul–Dec) 22.7722

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 0.8616 CVE (High: 23.1268 / Low: 22.2653). On the other end, June was the most stable month, with a tight range of 0.2381 CVE (High: 21.6405 / Low: 21.4024).

September Spread (Volatile) ±0.8616

June Spread (Stable) ±0.2381

Growth Streaks & Declines

Trends

Between March and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 9 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.2701 points.

Longest Streak 9 Mo.

Sharpest MoM Drop -0.2701

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 23.7815) against the same month in 2013 (average: 21.4113), the exchange rate shifted by +2.3702 (+11.07%).

2014 Avg (December) 23.7815

2013 Avg (December) 21.4113

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	21.6974	21.2780	21.5251
February	21.7139	21.2179	21.4292
March	21.3893	20.9241	21.1590
April	21.3964	21.0874	21.2026
May	21.5149	21.0132	21.3080
June	21.6405	21.4024	21.5286
July	21.8625	21.3899	21.5994
August	22.2533	21.7723	21.9618
September	23.1268	22.2653	22.7316
October	23.3939	22.8455	23.0995
November	23.5717	23.2702	23.4593
December	24.1561	23.4550	23.7815