2014 ZAR to SZL Historical Review

YEARLY HIGH

1.0108 SZL

YEARLY LOW

0.9890 SZL

YEARLY AVERAGE

1.0003 SZL

2014 ZAR to SZL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the ZAR to SZL exchange rate experienced significant fluctuation. The market reached its absolute peak on February 2, valuing the pair at 1.0108. Conversely, the yearly low was recorded on January 23, dropping to 0.9890.

This high-to-low spread represents a total annual volatility of 0.0218 SZL. From a start-to-finish perspective, comparing the January average rate of 1.0003 to the December average rate of 1.0005, the exchange rate registered a net change of 0.02% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 1.0108 was down 0.34% compared to the 2013 peak of 1.0143, 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 50,542 SZL

2013 Average 50,005 SZL

Yearly Trough Low 49,452 SZL

Transaction Impact: A difference of 1,089.61 SZL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

1.0015

0.9994

JanuMarcMayJulySeptNove

ZAR to SZL 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 1.0004, compared to 1.0001 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0003 points.

H1 Avg (Jan–Jun) 1.0004

H2 Avg (Jul–Dec) 1.0001

Volatility Range Comparison

Volatility

The most volatile month in 2014 was January, with a trading range of 0.0190 SZL (High: 1.0081 / Low: 0.9890). On the other end, July was the most stable month, with a tight range of 0.0031 SZL (High: 1.0017 / Low: 0.9986).

January Spread (Volatile) ±0.0190

July Spread (Stable) ±0.0031

Growth Streaks & Declines

Trends

Between March and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0017 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0017

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2014: 1.0013) against the same month in 2013 (average: 1.0015), the exchange rate shifted by -0.0002 (-0.02%).

2014 Avg (February) 1.0013

2013 Avg (February) 1.0015

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.0081	0.9890	1.0003
February	1.0108	0.9943	1.0013
March	1.0038	0.9932	0.9996
April	1.0033	0.9962	1.0005
May	1.0032	0.9952	1.0005
June	1.0044	0.9950	1.0003
July	1.0017	0.9986	1.0003
August	1.0026	0.9983	1.0006
September	1.0021	0.9952	0.9995
October	1.0040	0.9941	1.0003
November	1.0055	0.9935	0.9996
December	1.0028	0.9982	1.0005