2014 VEF to LTL Historical Review

YEARLY HIGH

0.4506 LTL

YEARLY LOW

0.3941 LTL

YEARLY AVERAGE

0.4134 LTL

2014 VEF to LTL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the VEF to LTL exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 0.4506. Conversely, the yearly low was recorded on March 18, dropping to 0.3941.

This high-to-low spread represents a total annual volatility of 0.0566 LTL. From a start-to-finish perspective, comparing the January average rate of 0.4028 to the December average rate of 0.4442, the exchange rate registered a net change of 10.28% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.4506 was down 27.74% compared to the 2013 peak of 0.6236, 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 2,253 LTL

2013 Average 2,286 LTL

Yearly Trough Low 1,970 LTL

Transaction Impact: A difference of 282.80 LTL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.4490

0.3922

JanuMarcMayJulySeptNove

VEF to LTL 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 0.4003, compared to 0.4265 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0262 points.

H1 Avg (Jan–Jun) 0.4003

H2 Avg (Jul–Dec) 0.4265

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 0.0162 LTL (High: 0.4338 / Low: 0.4176). On the other end, June was the most stable month, with a tight range of 0.0042 LTL (High: 0.4052 / Low: 0.4010).

September Spread (Volatile) ±0.0162

June Spread (Stable) ±0.0042

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 0.0049 points.

Longest Streak 9 Mo.

Sharpest MoM Drop -0.0049

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 0.4442) against the same month in 2013 (average: 0.4005), the exchange rate shifted by +0.0437 (+10.92%).

2014 Avg (December) 0.4442

2013 Avg (December) 0.4005

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4062	0.3988	0.4028
February	0.4069	0.3982	0.4018
March	0.3995	0.3941	0.3969
April	0.4004	0.3953	0.3974
May	0.4034	0.3942	0.3995
June	0.4052	0.4010	0.4033
July	0.4097	0.4012	0.4051
August	0.4178	0.4088	0.4120
September	0.4338	0.4176	0.4252
October	0.4376	0.4289	0.4327
November	0.4420	0.4368	0.4397
December	0.4506	0.4377	0.4442