2014 VEF to BTN Historical Review

YEARLY HIGH

10.0895 BTN

YEARLY LOW

9.2804 BTN

YEARLY AVERAGE

9.6931 BTN

2014 VEF to BTN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the VEF to BTN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 29, valuing the pair at 10.0895. Conversely, the yearly low was recorded on May 24, dropping to 9.2804.

This high-to-low spread represents a total annual volatility of 0.8091 BTN. From a start-to-finish perspective, comparing the January average rate of 9.8651 to the December average rate of 9.9411, the exchange rate registered a net change of 0.77% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 10.0895 was down 21.43% compared to the 2013 peak of 12.8410, 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 50,448 BTN

2013 Average 51,084 BTN

Yearly Trough Low 46,402 BTN

Transaction Impact: A difference of 4,045.75 BTN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

9.9919

9.3821

JanuMarcMayJulySeptNove

VEF to BTN 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 9.6597, compared to 9.7265 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0668 points.

H1 Avg (Jan–Jun) 9.6597

H2 Avg (Jul–Dec) 9.7265

Volatility Range Comparison

Volatility

The most volatile month in 2014 was March, with a trading range of 0.3463 BTN (High: 9.8511 / Low: 9.5049). On the other end, July was the most stable month, with a tight range of 0.1117 BTN (High: 9.6065 / Low: 9.4948).

March Spread (Volatile) ±0.3463

July Spread (Stable) ±0.1117

Growth Streaks & Declines

Trends

Between May and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.1990 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.1990

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 9.9411) against the same month in 2013 (average: 9.8373), the exchange rate shifted by +0.1038 (+1.06%).

2014 Avg (December) 9.9411

2013 Avg (December) 9.8373

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	10.0228	9.7715	9.8651
February	9.9605	9.8406	9.8908
March	9.8511	9.5049	9.6918
April	9.7044	9.5056	9.5889
May	9.5875	9.2804	9.4329
June	9.5909	9.3963	9.4887
July	9.6065	9.4948	9.5425
August	9.7456	9.6069	9.6707
September	9.7998	9.5354	9.6566
October	9.8114	9.6916	9.7473
November	9.8655	9.7495	9.8008
December	10.0895	9.7809	9.9411