2014 VEF to ZAR Historical Review

YEARLY HIGH

1.8518 ZAR

YEARLY LOW

1.6384 ZAR

YEARLY AVERAGE

1.7227 ZAR

2014 VEF to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the VEF to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on December 15, valuing the pair at 1.8518. Conversely, the yearly low was recorded on May 24, dropping to 1.6384.

This high-to-low spread represents a total annual volatility of 0.2134 ZAR. From a start-to-finish perspective, comparing the January average rate of 1.7246 to the December average rate of 1.8210, the exchange rate registered a net change of 5.59% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 1.8518 was down 14.56% compared to the 2013 peak of 2.1675, 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 9,259 ZAR

2013 Average 8,417 ZAR

Yearly Trough Low 8,192 ZAR

Transaction Impact: A difference of 1,066.90 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

1.8377

1.6367

JanuMarcMayJulySeptNove

VEF to ZAR 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 1.6998, compared to 1.7456 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0458 points.

H1 Avg (Jan–Jun) 1.6998

H2 Avg (Jul–Dec) 1.7456

Volatility Range Comparison

Volatility

The most volatile month in 2014 was January, with a trading range of 0.1201 ZAR (High: 1.7899 / Low: 1.6697). On the other end, August was the most stable month, with a tight range of 0.0305 ZAR (High: 1.7096 / Low: 1.6791).

January Spread (Volatile) ±0.1201

August Spread (Stable) ±0.0305

Growth Streaks & Declines

Trends

Between July and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0355 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0355

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 1.8210) against the same month in 2013 (average: 1.6469), the exchange rate shifted by +0.1740 (+10.57%).

2014 Avg (December) 1.8210

2013 Avg (December) 1.6469

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.7899	1.6697	1.7246
February	1.7867	1.7037	1.7432
March	1.7317	1.6760	1.7077
April	1.6954	1.6527	1.6760
May	1.6766	1.6384	1.6535
June	1.7185	1.6804	1.6941
July	1.7111	1.6704	1.6939
August	1.7096	1.6791	1.6941
September	1.7917	1.6931	1.7437
October	1.8010	1.7248	1.7597
November	1.7901	1.7365	1.7615
December	1.8518	1.7478	1.8210