2014 VEF to MDL Historical Review

YEARLY HIGH

2.4829 MDL

YEARLY LOW

2.0609 MDL

YEARLY AVERAGE

2.2256 MDL

2014 VEF to MDL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the VEF to MDL exchange rate experienced significant fluctuation. The market reached its absolute peak on December 25, valuing the pair at 2.4829. Conversely, the yearly low was recorded on January 8, dropping to 2.0609.

This high-to-low spread represents a total annual volatility of 0.4220 MDL. From a start-to-finish perspective, comparing the January average rate of 2.0945 to the December average rate of 2.4435, the exchange rate registered a net change of 16.66% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 2.4829 was down 14.00% compared to the 2013 peak of 2.8871, 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 12,414 MDL

2013 Average 10,987 MDL

Yearly Trough Low 10,305 MDL

Transaction Impact: A difference of 2,109.75 MDL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

2.4783

2.0597

JanuMarcMayJulySeptNove

VEF to MDL 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 2.1456, compared to 2.3055 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1599 points.

H1 Avg (Jan–Jun) 2.1456

H2 Avg (Jul–Dec) 2.3055

Volatility Range Comparison

Volatility

The most volatile month in 2014 was December, with a trading range of 0.1008 MDL (High: 2.4829 / Low: 2.3820). On the other end, July was the most stable month, with a tight range of 0.0285 MDL (High: 2.2312 / Low: 2.2027).

December Spread (Volatile) ±0.1008

July Spread (Stable) ±0.0285

Growth Streaks & Declines

Trends

Between August and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.0215 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0215

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 2.4435) against the same month in 2013 (average: 2.0557), the exchange rate shifted by +0.3878 (+18.86%).

2014 Avg (December) 2.4435

2013 Avg (December) 2.0557

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.1375	2.0609	2.0945
February	2.1703	2.1336	2.1456
March	2.1708	2.1068	2.1356
April	2.1483	2.1184	2.1288
May	2.1974	2.1313	2.1578
June	2.2288	2.1918	2.2112
July	2.2312	2.2027	2.2189
August	2.2294	2.1737	2.1974
September	2.3082	2.2310	2.2709
October	2.3479	2.3058	2.3274
November	2.3999	2.3315	2.3749
December	2.4829	2.3820	2.4435