2014 VEF to BWP Historical Review

YEARLY HIGH

1.5131 BWP

YEARLY LOW

1.3766 BWP

YEARLY AVERAGE

1.4259 BWP

2014 VEF to BWP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the VEF to BWP exchange rate experienced significant fluctuation. The market reached its absolute peak on December 25, valuing the pair at 1.5131. Conversely, the yearly low was recorded on May 13, dropping to 1.3766.

This high-to-low spread represents a total annual volatility of 0.1365 BWP. From a start-to-finish perspective, comparing the January average rate of 1.4190 to the December average rate of 1.4977, the exchange rate registered a net change of 5.55% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 1.5131 was down 21.51% compared to the 2013 peak of 1.9277, 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 7,566 BWP

2013 Average 7,349 BWP

Yearly Trough Low 6,883 BWP

Transaction Impact: A difference of 682.50 BWP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

1.5092

1.3716

JanuMarcMayJulySeptNove

VEF to BWP 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 1.4054, compared to 1.4465 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0411 points.

H1 Avg (Jan–Jun) 1.4054

H2 Avg (Jul–Dec) 1.4465

Volatility Range Comparison

Volatility

The most volatile month in 2014 was January, with a trading range of 0.0681 BWP (High: 1.4526 / Low: 1.3845). On the other end, May was the most stable month, with a tight range of 0.0131 BWP (High: 1.3897 / Low: 1.3766).

January Spread (Volatile) ±0.0681

May Spread (Stable) ±0.0131

Growth Streaks & Declines

Trends

Between May and December, 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 February and March, when the average rate fell by 0.0216 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.0216

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 1.4977) against the same month in 2013 (average: 1.3831), the exchange rate shifted by +0.1147 (+8.29%).

2014 Avg (December) 1.4977

2013 Avg (December) 1.3831

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.4526	1.3845	1.4190
February	1.4543	1.4034	1.4278
March	1.4199	1.3947	1.4061
April	1.4031	1.3794	1.3928
May	1.3897	1.3766	1.3831
June	1.4127	1.3865	1.4035
July	1.4109	1.3955	1.4045
August	1.4168	1.3997	1.4105
September	1.4703	1.4151	1.4434
October	1.4761	1.4449	1.4563
November	1.4799	1.4506	1.4663
December	1.5131	1.4651	1.4977