2014 VEF to CDF Historical Review

YEARLY HIGH

147.5875 CDF

YEARLY LOW

145.6253 CDF

YEARLY AVERAGE

146.6923 CDF

2014 VEF to CDF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the VEF to CDF exchange rate experienced significant fluctuation. The market reached its absolute peak on November 6, valuing the pair at 147.5875. Conversely, the yearly low was recorded on June 25, dropping to 145.6253.

This high-to-low spread represents a total annual volatility of 1.9622 CDF. From a start-to-finish perspective, comparing the January average rate of 146.8921 to the December average rate of 146.6717, the exchange rate registered a net change of -0.15% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 147.5875 was down 31.90% compared to the 2013 peak of 216.7100, 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 737,937 CDF

2013 Average 810,568 CDF

Yearly Trough Low 728,126 CDF

Transaction Impact: A difference of 9,811.05 CDF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

147.0605

146.4938

JanuMarcMayJulySeptNove

VEF to CDF 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 146.6456, compared to 146.7391 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0936 points.

H1 Avg (Jan–Jun) 146.6456

H2 Avg (Jul–Dec) 146.7391

Volatility Range Comparison

Volatility

The most volatile month in 2014 was June, with a trading range of 1.6934 CDF (High: 147.3186 / Low: 145.6253). On the other end, August was the most stable month, with a tight range of 0.6864 CDF (High: 146.9275 / Low: 146.2411).

June Spread (Volatile) ±1.6934

August Spread (Stable) ±0.6864

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 November and December, when the average rate fell by 0.3416 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.3416

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2014: 147.0132) against the same month in 2013 (average: 146.8602), the exchange rate shifted by +0.1531 (+0.10%).

2014 Avg (November) 147.0132

2013 Avg (November) 146.8602

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	147.3154	146.4978	146.8921
February	147.1039	145.6890	146.5932
March	147.0294	146.0395	146.6231
April	147.0028	146.1874	146.6212
May	146.8663	145.8428	146.5411
June	147.3186	145.6253	146.6027
July	147.0249	146.1153	146.6370
August	146.9275	146.2411	146.6858
September	146.9778	145.6995	146.6205
October	147.3567	146.2182	146.8065
November	147.5875	146.7327	147.0132
December	147.2651	145.9647	146.6717