2014 ZAR to ETB Historical Review

YEARLY HIGH

1.8940 ETB

YEARLY LOW

1.7044 ETB

YEARLY AVERAGE

1.8145 ETB

2014 ZAR to ETB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the ZAR to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on May 14, valuing the pair at 1.8940. Conversely, the yearly low was recorded on January 29, dropping to 1.7044.

This high-to-low spread represents a total annual volatility of 0.1897 ETB. From a start-to-finish perspective, comparing the January average rate of 1.7666 to the December average rate of 1.7552, the exchange rate registered a net change of -0.64% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 1.8940 was down 12.34% compared to the 2013 peak of 2.1605, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 ZAR based on timing:

Yearly Peak High 94,701 ETB

2013 Average 97,235 ETB

Yearly Trough Low 85,218 ETB

Transaction Impact: A difference of 9,482.94 ETB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

1.8878

1.7427

JanuMarcMayJulySeptNove

ZAR to ETB 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 1.8124, compared to 1.8165 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0042 points.

H1 Avg (Jan–Jun) 1.8124

H2 Avg (Jul–Dec) 1.8165

Volatility Range Comparison

Volatility

The most volatile month in 2014 was January, with a trading range of 0.1144 ETB (High: 1.8187 / Low: 1.7044). On the other end, August was the most stable month, with a tight range of 0.0348 ETB (High: 1.8759 / Low: 1.8410).

January Spread (Volatile) ±0.1144

August Spread (Stable) ±0.0348

Growth Streaks & Declines

Trends

Between February and May, 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 0.0561 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0561

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2014: 1.8757) against the same month in 2013 (average: 2.0006), the exchange rate shifted by -0.1249 (-6.24%).

2014 Avg (May) 1.8757

2013 Avg (May) 2.0006

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.8187	1.7044	1.7666
February	1.7981	1.7074	1.7548
March	1.8373	1.7662	1.7958
April	1.8656	1.8258	1.8445
May	1.8940	1.8533	1.8757
June	1.8503	1.8125	1.8368
July	1.8809	1.8316	1.8507
August	1.8759	1.8410	1.8600
September	1.8700	1.7683	1.8154
October	1.8435	1.7682	1.8066
November	1.8368	1.7771	1.8113
December	1.8284	1.7253	1.7552