2011 AFN to VEF Historical Review

YEARLY HIGH

0.1000 VEF

YEARLY LOW

0.0888 VEF

YEARLY AVERAGE

0.0973 VEF

2011 AFN to VEF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the AFN to VEF exchange rate experienced significant fluctuation. The market reached its absolute peak on September 10, valuing the pair at 0.1000. Conversely, the yearly low was recorded on October 20, dropping to 0.0888.

This high-to-low spread represents a total annual volatility of 0.0112 VEF. From a start-to-finish perspective, comparing the January average rate of 0.0999 to the December average rate of 0.0925, the exchange rate registered a net change of -7.35% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.1000 was down 0.16% compared to the 2010 peak of 0.1002, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 AFN based on timing:

Yearly Peak High 500 VEF

2010 Average 469 VEF

Yearly Trough Low 444 VEF

Transaction Impact: A difference of 56.22 VEF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.1010

0.0878

JanuMarcMayJulySeptNove

AFN 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 0.0999, compared to 0.0947 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0052 points.

H1 Avg (Jan–Jun) 0.0999

H2 Avg (Jul–Dec) 0.0947

Volatility Range Comparison

Volatility

The most volatile month in 2011 was September, with a trading range of 0.0112 VEF (High: 0.1000 / Low: 0.0889). On the other end, January was the most stable month, with a tight range of 0.0002 VEF (High: 0.1000 / Low: 0.0998).

September Spread (Volatile) ±0.0112

January Spread (Stable) ±0.0002

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 September and October, when the average rate fell by 0.0088 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0088

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2011: 0.0977) against the same month in 2010 (average: 0.0974), the exchange rate shifted by +0.0003 (+0.33%).

2011 Avg (September) 0.0977

2010 Avg (September) 0.0974

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1000	0.0998	0.0999
February	0.1000	0.0998	0.0999
March	0.1000	0.0996	0.0998
April	0.1000	0.0998	0.0999
May	0.1000	0.0998	0.0999
June	0.1000	0.0991	0.0998
July	0.1000	0.0998	0.0999
August	0.1000	0.0998	0.0999
September	0.1000	0.0889	0.0977
October	0.0890	0.0888	0.0889
November	0.0940	0.0888	0.0893
December	0.0942	0.0888	0.0925