2014 VEF to MRO Historical Review

YEARLY HIGH

47.3205 MRO

YEARLY LOW

45.7384 MRO

YEARLY AVERAGE

46.4029 MRO

2014 VEF to MRO Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the VEF to MRO exchange rate experienced significant fluctuation. The market reached its absolute peak on March 30, valuing the pair at 47.3205. Conversely, the yearly low was recorded on December 4, dropping to 45.7384.

This high-to-low spread represents a total annual volatility of 1.5822 MRO. From a start-to-finish perspective, comparing the January average rate of 46.2165 to the December average rate of 46.0721, the exchange rate registered a net change of -0.31% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 47.3205 was down 33.04% compared to the 2013 peak of 70.6726, 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 236,603 MRO

2013 Average 258,380 MRO

Yearly Trough Low 228,692 MRO

Transaction Impact: A difference of 7,910.81 MRO purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

46.9820

45.9893

JanuMarcMayJulySeptNove

VEF to MRO 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 46.4887, compared to 46.3170 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1717 points.

H1 Avg (Jan–Jun) 46.4887

H2 Avg (Jul–Dec) 46.3170

Volatility Range Comparison

Volatility

The most volatile month in 2014 was March, with a trading range of 1.1377 MRO (High: 47.3205 / Low: 46.1828). On the other end, July was the most stable month, with a tight range of 0.3470 MRO (High: 46.5284 / Low: 46.1814).

March Spread (Volatile) ±1.1377

July Spread (Stable) ±0.3470

Growth Streaks & Declines

Trends

Between January and April, 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 0.3136 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.3136

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2014: 46.4813) against the same month in 2013 (average: 62.6015), the exchange rate shifted by -16.1202 (-25.75%).

2014 Avg (March) 46.4813

2013 Avg (March) 62.6015

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	46.3906	45.8814	46.2165
February	46.5276	45.8188	46.2288
March	47.3205	46.1828	46.4813
April	47.2987	46.4394	46.8993
May	47.0801	46.3349	46.6779
June	46.6434	46.2075	46.4285
July	46.5284	46.1814	46.3592
August	46.6626	46.2088	46.4120
September	46.4820	46.0730	46.2849
October	46.7689	45.9409	46.3881
November	46.7695	46.1005	46.3857
December	46.2614	45.7384	46.0721