2014 VEF to ARS Historical Review

YEARLY HIGH

1.3565 ARS

YEARLY LOW

1.0360 ARS

YEARLY AVERAGE

1.2886 ARS

2014 VEF to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the VEF to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 2, valuing the pair at 1.3565. Conversely, the yearly low was recorded on January 1, dropping to 1.0360.

This high-to-low spread represents a total annual volatility of 0.3205 ARS. From a start-to-finish perspective, comparing the January average rate of 1.1105 to the December average rate of 1.3533, the exchange rate registered a net change of 21.87% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 1.3565 was up 13.89% compared to the 2013 peak of 1.1911, 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 6,782 ARS

2013 Average 4,773 ARS

Yearly Trough Low 5,180 ARS

Transaction Impact: A difference of 1,602.44 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

1.3776

1.0862

JanuMarcMayJulySeptNove

VEF to ARS 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 1.2431, compared to 1.3340 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0908 points.

H1 Avg (Jan–Jun) 1.2431

H2 Avg (Jul–Dec) 1.3340

Volatility Range Comparison

Volatility

The most volatile month in 2014 was January, with a trading range of 0.2381 ARS (High: 1.2741 / Low: 1.0360). On the other end, April was the most stable month, with a tight range of 0.0024 ARS (High: 1.2735 / Low: 1.2711).

January Spread (Volatile) ±0.2381

April Spread (Stable) ±0.0024

Growth Streaks & Declines

Trends

Between January and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 11 straight months. No significant month-over-month rate declines were detected.

Longest Streak 11 Mo.

Sharpest MoM Drop -0.0000

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 1.3533) against the same month in 2013 (average: 1.0066), the exchange rate shifted by +0.3466 (+34.43%).

2014 Avg (December) 1.3533

2013 Avg (December) 1.0066

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.2741	1.0360	1.1105
February	1.2747	1.2351	1.2491
March	1.2718	1.2498	1.2594
April	1.2735	1.2711	1.2718
May	1.2835	1.2709	1.2772
June	1.2937	1.2843	1.2909
July	1.3037	1.2907	1.2956
August	1.3373	1.3070	1.3209
September	1.3458	1.3293	1.3359
October	1.3540	1.3399	1.3461
November	1.3561	1.3480	1.3521
December	1.3565	1.3411	1.3533