2014 VEF to CVE Historical Review

YEARLY HIGH

14.3383 CVE

YEARLY LOW

12.4724 CVE

YEARLY AVERAGE

13.1461 CVE

2014 VEF to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the VEF to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 14.3383. Conversely, the yearly low was recorded on March 14, dropping to 12.4724.

This high-to-low spread represents a total annual volatility of 1.8659 CVE. From a start-to-finish perspective, comparing the January average rate of 12.8301 to the December average rate of 14.1364, the exchange rate registered a net change of 10.18% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 14.3383 was down 28.22% compared to the 2013 peak of 19.9741, 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 71,692 CVE

2013 Average 72,905 CVE

Yearly Trough Low 62,362 CVE

Transaction Impact: A difference of 9,329.64 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

14.2889

12.4589

JanuMarcMayJulySeptNove

VEF to CVE 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 12.7298, compared to 13.5625 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.8327 points.

H1 Avg (Jan–Jun) 12.7298

H2 Avg (Jul–Dec) 13.5625

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 0.5018 CVE (High: 13.7793 / Low: 13.2775). On the other end, June was the most stable month, with a tight range of 0.1299 CVE (High: 12.8851 / Low: 12.7552).

September Spread (Volatile) ±0.5018

June Spread (Stable) ±0.1299

Growth Streaks & Declines

Trends

Between March and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 9 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.1615 points.

Longest Streak 9 Mo.

Sharpest MoM Drop -0.1615

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 14.1364) against the same month in 2013 (average: 12.7613), the exchange rate shifted by +1.3752 (+10.78%).

2014 Avg (December) 14.1364

2013 Avg (December) 12.7613

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	12.9292	12.6846	12.8301
February	12.9447	12.6478	12.7729
March	12.7504	12.4724	12.6114
April	12.7527	12.5697	12.6368
May	12.8256	12.5234	12.6995
June	12.8851	12.7552	12.8280
July	13.0273	12.7467	12.8723
August	13.2645	12.9733	13.0896
September	13.7793	13.2775	13.5325
October	13.9190	13.6122	13.7607
November	14.0433	13.8745	13.9834
December	14.3383	13.9489	14.1364