2014 SAR to MOP Historical Review

YEARLY HIGH

2.1422 MOP

YEARLY LOW

2.1168 MOP

YEARLY AVERAGE

2.1297 MOP

2014 SAR to MOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the SAR to MOP exchange rate experienced significant fluctuation. The market reached its absolute peak on September 4, valuing the pair at 2.1422. Conversely, the yearly low was recorded on October 15, dropping to 2.1168.

This high-to-low spread represents a total annual volatility of 0.0254 MOP. From a start-to-finish perspective, comparing the January average rate of 2.1310 to the December average rate of 2.1296, the exchange rate registered a net change of -0.06% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 2.1422 was down 0.17% compared to the 2013 peak of 2.1458, 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 10,711 MOP

2013 Average 10,650 MOP

Yearly Trough Low 10,584 MOP

Transaction Impact: A difference of 127.11 MOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

2.1316

2.1274

JanuMarcMayJulySeptNove

SAR 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 2.1300, compared to 2.1294 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0006 points.

H1 Avg (Jan–Jun) 2.1300

H2 Avg (Jul–Dec) 2.1294

Volatility Range Comparison

Volatility

The most volatile month in 2014 was October, with a trading range of 0.0245 MOP (High: 2.1412 / Low: 2.1168). On the other end, July was the most stable month, with a tight range of 0.0025 MOP (High: 2.1300 / Low: 2.1274).

October Spread (Volatile) ±0.0245

July Spread (Stable) ±0.0025

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 October and November, when the average rate fell by 0.0026 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0026

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2014: 2.1309) against the same month in 2013 (average: 2.1286), the exchange rate shifted by +0.0023 (+0.11%).

2014 Avg (September) 2.1309

2013 Avg (September) 2.1286

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.1361	2.1228	2.1310
February	2.1383	2.1245	2.1302
March	2.1352	2.1279	2.1313
April	2.1330	2.1276	2.1302
May	2.1321	2.1271	2.1292
June	2.1297	2.1266	2.1283
July	2.1300	2.1274	2.1288
August	2.1339	2.1270	2.1292
September	2.1422	2.1253	2.1309
October	2.1412	2.1168	2.1303
November	2.1342	2.1208	2.1277
December	2.1396	2.1215	2.1296