2014 ZAR to TWD Historical Review

YEARLY HIGH

2.9276 TWD

YEARLY LOW

2.6807 TWD

YEARLY AVERAGE

2.7977 TWD

2014 ZAR to TWD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the ZAR to TWD exchange rate experienced significant fluctuation. The market reached its absolute peak on May 14, valuing the pair at 2.9276. Conversely, the yearly low was recorded on December 15, dropping to 2.6807.

This high-to-low spread represents a total annual volatility of 0.2468 TWD. From a start-to-finish perspective, comparing the January average rate of 2.7799 to the December average rate of 2.7334, the exchange rate registered a net change of -1.67% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 2.9276 was down 14.72% compared to the 2013 peak of 3.4329, 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 146,378 TWD

2013 Average 154,393 TWD

Yearly Trough Low 134,036 TWD

Transaction Impact: A difference of 12,342.46 TWD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

2.9134

2.7171

JanuMarcMayJulySeptNove

ZAR to TWD 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 2.8254, compared to 2.7700 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0554 points.

H1 Avg (Jan–Jun) 2.8254

H2 Avg (Jul–Dec) 2.7700

Volatility Range Comparison

Volatility

The most volatile month in 2014 was January, with a trading range of 0.1514 TWD (High: 2.8458 / Low: 2.6944). On the other end, April was the most stable month, with a tight range of 0.0469 TWD (High: 2.8890 / Low: 2.8421).

January Spread (Volatile) ±0.1514

April Spread (Stable) ±0.0469

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 May and June, when the average rate fell by 0.0837 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0837

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2014: 2.8971) against the same month in 2013 (average: 3.2006), the exchange rate shifted by -0.3036 (-9.48%).

2014 Avg (May) 2.8971

2013 Avg (May) 3.2006

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.8458	2.6944	2.7799
February	2.8307	2.7002	2.7658
March	2.8906	2.7924	2.8306
April	2.8890	2.8421	2.8655
May	2.9276	2.8429	2.8971
June	2.8410	2.7781	2.8134
July	2.8528	2.7780	2.8120
August	2.8401	2.7922	2.8139
September	2.8050	2.6963	2.7436
October	2.7973	2.6872	2.7445
November	2.8247	2.7153	2.7722
December	2.8222	2.6807	2.7334