2014 VEF to NGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2014.
2014 VEF to NGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2014
During 2014, the VEF to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 23, valuing the pair at 29.3140. Conversely, the yearly low was recorded on January 4, dropping to 25.2275.
This high-to-low spread represents a total annual volatility of 4.0864 NGN. From a start-to-finish perspective, comparing the January average rate of 25.4459 to the December average rate of 28.8276, the exchange rate registered a net change of 13.29% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2014 high of 29.3140 was down 20.91% compared to the 2013 peak of 37.0652, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 VEF based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2014.
VEF to NGN Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 25.8422, compared to 26.6160 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.7738 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2014 was November, with a trading range of 2.0584 NGN (High: 28.3571 / Low: 26.2987). On the other end, March was the most stable month, with a tight range of 0.1590 NGN (High: 26.2342 / Low: 26.0752).
Growth Streaks & Declines
TrendsBetween 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 March and April, when the average rate fell by 0.4078 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2014: 28.8276) against the same month in 2013 (average: 25.2908), the exchange rate shifted by +3.5368 (+13.98%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 25.8625 | 25.2275 | 25.4459 |
| February | 26.2966 | 25.8402 | 26.0422 |
| March | 26.2342 | 26.0752 | 26.1834 |
| April | 26.1944 | 25.5282 | 25.7757 |
| May | 25.8978 | 25.2600 | 25.7004 |
| June | 26.0145 | 25.8082 | 25.9057 |
| July | 25.8899 | 25.7092 | 25.7845 |
| August | 25.8656 | 25.5615 | 25.7515 |
| September | 26.0558 | 25.6511 | 25.8993 |
| October | 26.3014 | 25.9632 | 26.1560 |
| November | 28.3571 | 26.2987 | 27.2774 |
| December | 29.3140 | 28.4158 | 28.8276 |