2014 SAR to LTL Historical Review

YEARLY HIGH

0.7592 LTL

YEARLY LOW

0.6612 LTL

YEARLY AVERAGE

0.6939 LTL

2014 SAR to LTL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the SAR to LTL exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 0.7592. Conversely, the yearly low was recorded on March 18, dropping to 0.6612.

This high-to-low spread represents a total annual volatility of 0.0980 LTL. From a start-to-finish perspective, comparing the January average rate of 0.6759 to the December average rate of 0.7474, the exchange rate registered a net change of 10.58% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.7592 was up 5.58% compared to the 2013 peak of 0.7191, 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 3,796 LTL

2013 Average 3,467 LTL

Yearly Trough Low 3,306 LTL

Transaction Impact: A difference of 489.79 LTL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.7555

0.6577

JanuMarcMayJulySeptNove

SAR to LTL 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 0.6716, compared to 0.7161 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0445 points.

H1 Avg (Jan–Jun) 0.6716

H2 Avg (Jul–Dec) 0.7161

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 0.0278 LTL (High: 0.7281 / Low: 0.7003). On the other end, June was the most stable month, with a tight range of 0.0073 LTL (High: 0.6801 / Low: 0.6728).

September Spread (Volatile) ±0.0278

June Spread (Stable) ±0.0073

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 0.0082 points.

Longest Streak 9 Mo.

Sharpest MoM Drop -0.0082

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 0.7474) against the same month in 2013 (average: 0.6720), the exchange rate shifted by +0.0754 (+11.22%).

2014 Avg (December) 0.7474

2013 Avg (December) 0.6720

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6814	0.6690	0.6759
February	0.6826	0.6680	0.6741
March	0.6702	0.6612	0.6659
April	0.6718	0.6632	0.6667
May	0.6769	0.6614	0.6704
June	0.6801	0.6728	0.6769
July	0.6876	0.6732	0.6798
August	0.7009	0.6859	0.6913
September	0.7281	0.7003	0.7143
October	0.7355	0.7198	0.7264
November	0.7420	0.7328	0.7377
December	0.7592	0.7360	0.7474