2014 ZAR to NGN Historical Review

YEARLY HIGH

16.6046 NGN

YEARLY LOW

14.4495 NGN

YEARLY AVERAGE

15.2267 NGN

2014 ZAR to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the ZAR to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 1, valuing the pair at 16.6046. Conversely, the yearly low was recorded on January 29, dropping to 14.4495.

This high-to-low spread represents a total annual volatility of 2.1551 NGN. From a start-to-finish perspective, comparing the January average rate of 14.7573 to the December average rate of 15.8346, the exchange rate registered a net change of 7.30% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 16.6046 was down 10.19% compared to the 2013 peak of 18.4881, 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 830,229 NGN

2013 Average 827,721 NGN

Yearly Trough Low 722,475 NGN

Transaction Impact: A difference of 107,753.66 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

15.9424

14.6496

JanuMarcMayJulySeptNove

ZAR to NGN 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 15.2083, compared to 15.2450 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0367 points.

H1 Avg (Jan–Jun) 15.2083

H2 Avg (Jul–Dec) 15.2450

Volatility Range Comparison

Volatility

The most volatile month in 2014 was November, with a trading range of 1.4063 NGN (High: 16.1492 / Low: 14.7428). On the other end, July was the most stable month, with a tight range of 0.2966 NGN (High: 15.3987 / Low: 15.1021).

November Spread (Volatile) ±1.4063

July Spread (Stable) ±0.2966

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 0.3437 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.3437

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 15.8346) against the same month in 2013 (average: 15.3570), the exchange rate shifted by +0.4776 (+3.11%).

2014 Avg (December) 15.8346

2013 Avg (December) 15.3570

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	15.2582	14.4495	14.7573
February	15.3880	14.4627	14.9419
March	15.6461	15.1310	15.3336
April	15.6776	15.0822	15.3801
May	15.7578	15.0948	15.5445
June	15.4732	15.0981	15.2925
July	15.3987	15.1021	15.2229
August	15.3544	14.9812	15.2006
September	15.2309	14.5169	14.8569
October	15.2237	14.4603	14.8662
November	16.1492	14.7428	15.4888
December	16.6046	15.3599	15.8346