2015 SAR to VEF Historical Review

YEARLY HIGH

1.6868 VEF

YEARLY LOW

1.6755 VEF

YEARLY AVERAGE

1.6843 VEF

2015 SAR to VEF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2015

During 2015, the SAR to VEF exchange rate experienced significant fluctuation. The market reached its absolute peak on March 10, valuing the pair at 1.6868. Conversely, the yearly low was recorded on January 27, dropping to 1.6755.

This high-to-low spread represents a total annual volatility of 0.0113 VEF. From a start-to-finish perspective, comparing the January average rate of 1.6816 to the December average rate of 1.6843, the exchange rate registered a net change of 0.16% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2015 high of 1.6868 was up 0.03% compared to the 2014 peak of 1.6863, 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 8,434 VEF

2014 Average 8,392 VEF

Yearly Trough Low 8,378 VEF

Transaction Impact: A difference of 56.55 VEF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2015.

1.6855

1.6812

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 1.6837, compared to 1.6849 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0012 points.

H1 Avg (Jan–Jun) 1.6837

H2 Avg (Jul–Dec) 1.6849

Volatility Range Comparison

Volatility

The most volatile month in 2015 was January, with a trading range of 0.0105 VEF (High: 1.6860 / Low: 1.6755). On the other end, August was the most stable month, with a tight range of 0.0008 VEF (High: 1.6856 / Low: 1.6848).

January Spread (Volatile) ±0.0105

August Spread (Stable) ±0.0008

Growth Streaks & Declines

Trends

Between January and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.0006 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.0006

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2015: 1.6836) against the same month in 2014 (average: 1.6778), the exchange rate shifted by +0.0059 (+0.35%).

2015 Avg (March) 1.6836

2014 Avg (March) 1.6778

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.6860	1.6755	1.6816
February	1.6863	1.6786	1.6830
March	1.6868	1.6767	1.6836
April	1.6855	1.6836	1.6845
May	1.6852	1.6833	1.6845
June	1.6853	1.6839	1.6847
July	1.6855	1.6840	1.6850
August	1.6856	1.6848	1.6851
September	1.6854	1.6842	1.6849
October	1.6865	1.6840	1.6852
November	1.6859	1.6826	1.6846
December	1.6864	1.6811	1.6843