2014 VEF to ALL Historical Review

YEARLY HIGH

18.2705 ALL

YEARLY LOW

15.9998 ALL

YEARLY AVERAGE

16.7595 ALL

2014 VEF to ALL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the VEF to ALL exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 18.2705. Conversely, the yearly low was recorded on May 6, dropping to 15.9998.

This high-to-low spread represents a total annual volatility of 2.2707 ALL. From a start-to-finish perspective, comparing the January average rate of 16.4038 to the December average rate of 18.0237, the exchange rate registered a net change of 9.88% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 18.2705 was down 27.74% compared to the 2013 peak of 25.2858, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 VEF based on timing:

Yearly Peak High 91,352 ALL

2013 Average 92,851 ALL

Yearly Trough Low 79,999 ALL

Transaction Impact: A difference of 11,353.51 ALL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

18.2149

15.9211

JanuMarcMayJulySeptNove

VEF to ALL 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 16.2608, compared to 17.2582 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.9974 points.

H1 Avg (Jan–Jun) 16.2608

H2 Avg (Jul–Dec) 17.2582

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 0.7065 ALL (High: 17.5765 / Low: 16.8700). On the other end, June was the most stable month, with a tight range of 0.1352 ALL (High: 16.4315 / Low: 16.2963).

September Spread (Volatile) ±0.7065

June Spread (Stable) ±0.1352

Growth Streaks & Declines

Trends

Between April and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.2133 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -0.2133

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 18.0237) against the same month in 2013 (average: 16.2641), the exchange rate shifted by +1.7596 (+10.82%).

2014 Avg (December) 18.0237

2013 Avg (December) 16.2641

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	16.5482	16.2264	16.4038
February	16.5689	16.1700	16.3456
March	16.2242	16.0301	16.1323
April	16.2127	16.0473	16.1123
May	16.3529	15.9998	16.2041
June	16.4315	16.2963	16.3666
July	16.5057	16.3112	16.4195
August	16.8614	16.4828	16.6175
September	17.5765	16.8700	17.2371
October	17.7323	17.2996	17.4687
November	17.9411	17.5449	17.7828
December	18.2705	17.7680	18.0237