2013 SAR to VEF Historical Review

YEARLY HIGH

1.6793 VEF

YEARLY LOW

1.1422 VEF

YEARLY AVERAGE

1.5546 VEF

2013 SAR to VEF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2013

During 2013, the SAR to VEF exchange rate experienced significant fluctuation. The market reached its absolute peak on October 31, valuing the pair at 1.6793. Conversely, the yearly low was recorded on March 17, dropping to 1.1422.

This high-to-low spread represents a total annual volatility of 0.5371 VEF. From a start-to-finish perspective, comparing the January average rate of 1.1452 to the December average rate of 1.6778, the exchange rate registered a net change of 46.51% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2013 high of 1.6793 was up 46.44% compared to the 2012 peak of 1.1467, 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 8,397 VEF

2012 Average 5,725 VEF

Yearly Trough Low 5,711 VEF

Transaction Impact: A difference of 2,685.66 VEF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2013.

1.7313

1.0919

JanuMarcMayJulySeptNove

SAR 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 1.4315, compared to 1.6778 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2463 points.

H1 Avg (Jan–Jun) 1.4315

H2 Avg (Jul–Dec) 1.6778

Volatility Range Comparison

Volatility

The most volatile month in 2013 was March, with a trading range of 0.5359 VEF (High: 1.6781 / Low: 1.1422). On the other end, January was the most stable month, with a tight range of 0.0006 VEF (High: 1.1455 / Low: 1.1449).

March Spread (Volatile) ±0.5359

January Spread (Stable) ±0.0006

Growth Streaks & Declines

Trends

Between February and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0003 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0003

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2013: 1.6780) against the same month in 2012 (average: 1.1447), the exchange rate shifted by +0.5333 (+46.59%).

2013 Avg (October) 1.6780

2012 Avg (October) 1.1447

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.1455	1.1449	1.1452
February	1.1454	1.1445	1.1452
March	1.6781	1.1422	1.2653
April	1.6785	1.6756	1.6778
May	1.6781	1.6774	1.6778
June	1.6787	1.6771	1.6778
July	1.6783	1.6771	1.6777
August	1.6782	1.6772	1.6777
September	1.6780	1.6771	1.6774
October	1.6793	1.6775	1.6780
November	1.6784	1.6771	1.6778
December	1.6788	1.6773	1.6778