2014 VEF to BRL Historical Review

YEARLY HIGH

0.4317 BRL

YEARLY LOW

0.3488 BRL

YEARLY AVERAGE

0.3738 BRL

2014 VEF to BRL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the VEF to BRL exchange rate experienced significant fluctuation. The market reached its absolute peak on December 16, valuing the pair at 0.4317. Conversely, the yearly low was recorded on April 9, dropping to 0.3488.

This high-to-low spread represents a total annual volatility of 0.0829 BRL. From a start-to-finish perspective, comparing the January average rate of 0.3780 to the December average rate of 0.4190, the exchange rate registered a net change of 10.85% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.4317 was down 9.50% compared to the 2013 peak of 0.4770, 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 2,158 BRL

2013 Average 1,884 BRL

Yearly Trough Low 1,744 BRL

Transaction Impact: A difference of 414.35 BRL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.4256

0.3463

JanuMarcMayJulySeptNove

VEF to BRL 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 0.3648, compared to 0.3828 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0180 points.

H1 Avg (Jan–Jun) 0.3648

H2 Avg (Jul–Dec) 0.3828

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 0.0335 BRL (High: 0.3885 / Low: 0.3550). On the other end, May was the most stable month, with a tight range of 0.0049 BRL (High: 0.3558 / Low: 0.3509).

September Spread (Volatile) ±0.0335

May Spread (Stable) ±0.0049

Growth Streaks & Declines

Trends

Between July and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0149 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0149

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 0.4190) against the same month in 2013 (average: 0.3730), the exchange rate shifted by +0.0460 (+12.34%).

2014 Avg (December) 0.4190

2013 Avg (December) 0.3730

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3870	0.3727	0.3780
February	0.3869	0.3696	0.3786
March	0.3755	0.3593	0.3697
April	0.3619	0.3488	0.3548
May	0.3558	0.3509	0.3530
June	0.3621	0.3490	0.3547
July	0.3589	0.3500	0.3534
August	0.3643	0.3555	0.3602
September	0.3885	0.3550	0.3707
October	0.3988	0.3794	0.3889
November	0.4142	0.3931	0.4047
December	0.4317	0.4060	0.4190