2014 VEF to RWF Historical Review

YEARLY HIGH

110.1724 RWF

YEARLY LOW

107.2331 RWF

YEARLY AVERAGE

108.7723 RWF

2014 VEF to RWF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the VEF to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on November 6, valuing the pair at 110.1724. Conversely, the yearly low was recorded on January 4, dropping to 107.2331.

This high-to-low spread represents a total annual volatility of 2.9393 RWF. From a start-to-finish perspective, comparing the January average rate of 107.9019 to the December average rate of 109.5110, the exchange rate registered a net change of 1.49% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 110.1724 was down 26.76% compared to the 2013 peak of 150.4331, 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 550,862 RWF

2013 Average 569,047 RWF

Yearly Trough Low 536,166 RWF

Transaction Impact: A difference of 14,696.35 RWF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

109.9481

107.7159

JanuMarcMayJulySeptNove

VEF to RWF 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 108.0870, compared to 109.4575 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.3704 points.

H1 Avg (Jan–Jun) 108.0870

H2 Avg (Jul–Dec) 109.4575

Volatility Range Comparison

Volatility

The most volatile month in 2014 was July, with a trading range of 2.0713 RWF (High: 109.8682 / Low: 107.7969). On the other end, August was the most stable month, with a tight range of 0.4487 RWF (High: 109.9970 / Low: 109.5483).

July Spread (Volatile) ±2.0713

August Spread (Stable) ±0.4487

Growth Streaks & Declines

Trends

Between January and May, 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 August and September, when the average rate fell by 0.1725 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.1725

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2014: 109.5728) against the same month in 2013 (average: 106.8798), the exchange rate shifted by +2.6929 (+2.52%).

2014 Avg (November) 109.5728

2013 Avg (November) 106.8798

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	108.3732	107.2331	107.9019
February	108.4432	107.3769	107.9475
March	108.3739	107.7527	108.1149
April	108.4782	107.9275	108.1957
May	108.6225	107.9918	108.2569
June	108.4046	107.7735	108.1053
July	109.8682	107.7969	108.6462
August	109.9970	109.5483	109.7621
September	109.8548	109.1548	109.5896
October	110.0192	109.2900	109.6631
November	110.1724	108.6873	109.5728
December	110.0662	109.0086	109.5110