2014 VEF to TOP Historical Review

YEARLY HIGH

0.3190 TOP

YEARLY LOW

0.2860 TOP

YEARLY AVERAGE

0.2998 TOP

2014 VEF to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the VEF to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on November 11, valuing the pair at 0.3190. Conversely, the yearly low was recorded on July 13, dropping to 0.2860.

This high-to-low spread represents a total annual volatility of 0.0329 TOP. From a start-to-finish perspective, comparing the January average rate of 0.2959 to the December average rate of 0.3110, the exchange rate registered a net change of 5.08% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.3190 was down 22.14% compared to the 2013 peak of 0.4097, 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 1,595 TOP

2013 Average 1,570 TOP

Yearly Trough Low 1,430 TOP

Transaction Impact: A difference of 164.71 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.3185

0.2886

JanuMarcMayJulySeptNove

VEF to TOP 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 0.2948, compared to 0.3048 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0100 points.

H1 Avg (Jan–Jun) 0.2948

H2 Avg (Jul–Dec) 0.3048

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 0.0173 TOP (High: 0.3103 / Low: 0.2931). On the other end, June was the most stable month, with a tight range of 0.0045 TOP (High: 0.2979 / Low: 0.2934).

September Spread (Volatile) ±0.0173

June Spread (Stable) ±0.0045

Growth Streaks & Declines

Trends

Between July and November, 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 November and December, when the average rate fell by 0.0051 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0051

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2014: 0.3160) against the same month in 2013 (average: 0.2883), the exchange rate shifted by +0.0277 (+9.62%).

2014 Avg (November) 0.3160

2013 Avg (November) 0.2883

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2988	0.2934	0.2959
February	0.2993	0.2946	0.2972
March	0.2968	0.2900	0.2950
April	0.2958	0.2864	0.2911
May	0.2970	0.2887	0.2945
June	0.2979	0.2934	0.2952
July	0.2961	0.2860	0.2928
August	0.2998	0.2895	0.2952
September	0.3103	0.2931	0.3025
October	0.3148	0.3080	0.3114
November	0.3190	0.3108	0.3160
December	0.3147	0.3080	0.3110