2014 ZAR to VEF Historical Review

YEARLY HIGH

0.6103 VEF

YEARLY LOW

0.5400 VEF

YEARLY AVERAGE

0.5809 VEF

2014 ZAR to VEF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the ZAR to VEF exchange rate experienced significant fluctuation. The market reached its absolute peak on May 24, valuing the pair at 0.6103. Conversely, the yearly low was recorded on December 15, dropping to 0.5400.

This high-to-low spread represents a total annual volatility of 0.0703 VEF. From a start-to-finish perspective, comparing the January average rate of 0.5800 to the December average rate of 0.5493, the exchange rate registered a net change of -5.29% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.6103 was down 13.60% compared to the 2013 peak of 0.7064, 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 30,517 VEF

2013 Average 30,170 VEF

Yearly Trough Low 27,001 VEF

Transaction Impact: A difference of 3,516.43 VEF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.6104

0.5437

JanuMarcMayJulySeptNove

ZAR to VEF 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 0.5885, compared to 0.5733 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0152 points.

H1 Avg (Jan–Jun) 0.5885

H2 Avg (Jul–Dec) 0.5733

Volatility Range Comparison

Volatility

The most volatile month in 2014 was January, with a trading range of 0.0402 VEF (High: 0.5989 / Low: 0.5587). On the other end, August was the most stable month, with a tight range of 0.0106 VEF (High: 0.5955 / Low: 0.5849).

January Spread (Volatile) ±0.0402

August Spread (Stable) ±0.0106

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 0.0184 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0184

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2014: 0.6048) against the same month in 2013 (average: 0.6756), the exchange rate shifted by -0.0708 (-10.48%).

2014 Avg (May) 0.6048

2013 Avg (May) 0.6756

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5989	0.5587	0.5800
February	0.5870	0.5597	0.5737
March	0.5967	0.5775	0.5856
April	0.6051	0.5898	0.5967
May	0.6103	0.5964	0.6048
June	0.5951	0.5819	0.5903
July	0.5986	0.5844	0.5904
August	0.5955	0.5849	0.5903
September	0.5906	0.5581	0.5737
October	0.5798	0.5553	0.5684
November	0.5759	0.5586	0.5677
December	0.5721	0.5400	0.5493