2014 VEF to CLP Historical Review

YEARLY HIGH

98.2881 CLP

YEARLY LOW

83.6099 CLP

YEARLY AVERAGE

90.6181 CLP

2014 VEF to CLP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the VEF to CLP exchange rate experienced significant fluctuation. The market reached its absolute peak on December 16, valuing the pair at 98.2881. Conversely, the yearly low was recorded on January 1, dropping to 83.6099.

This high-to-low spread represents a total annual volatility of 14.6782 CLP. From a start-to-finish perspective, comparing the January average rate of 85.4717 to the December average rate of 97.0213, the exchange rate registered a net change of 13.51% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 98.2881 was down 11.91% compared to the 2013 peak of 111.5764, 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 491,441 CLP

2013 Average 433,432 CLP

Yearly Trough Low 418,050 CLP

Transaction Impact: A difference of 73,391.02 CLP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

98.1763

84.3167

JanuMarcMayJulySeptNove

VEF to CLP 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 87.9101, compared to 93.3260 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 5.4158 points.

H1 Avg (Jan–Jun) 87.9101

H2 Avg (Jul–Dec) 93.3260

Volatility Range Comparison

Volatility

The most volatile month in 2014 was November, with a trading range of 5.0885 CLP (High: 96.6521 / Low: 91.5636). On the other end, June was the most stable month, with a tight range of 1.4772 CLP (High: 88.8261 / Low: 87.3490).

November Spread (Volatile) ±5.0885

June Spread (Stable) ±1.4772

Growth Streaks & Declines

Trends

Between June and September, 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 March and April, when the average rate fell by 1.2510 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -1.2510

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 97.0213) against the same month in 2013 (average: 84.0280), the exchange rate shifted by +12.9934 (+15.46%).

2014 Avg (December) 97.0213

2013 Avg (December) 84.0280

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	88.0702	83.6099	85.4717
February	89.2304	86.9536	88.0343
March	91.2097	87.3223	89.5024
April	89.5733	86.6395	88.2513
May	89.9138	87.2206	88.3089
June	88.8261	87.3490	87.8923
July	90.8553	87.2670	88.7643
August	94.3058	90.9111	92.1183
September	95.4615	92.8474	94.2836
October	95.2078	91.2951	93.4964
November	96.6521	91.5636	94.2718
December	98.2881	95.8223	97.0213