2016 AFN to VEF Historical Review

YEARLY HIGH

0.1522 VEF

YEARLY LOW

0.0910 VEF

YEARLY AVERAGE

0.1339 VEF

2016 AFN to VEF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the AFN to VEF exchange rate experienced significant fluctuation. The market reached its absolute peak on August 6, valuing the pair at 0.1522. Conversely, the yearly low was recorded on February 21, dropping to 0.0910.

This high-to-low spread represents a total annual volatility of 0.0612 VEF. From a start-to-finish perspective, comparing the January average rate of 0.0921 to the December average rate of 0.1503, the exchange rate registered a net change of 63.14% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 0.1522 was up 37.69% compared to the 2015 peak of 0.1105, 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 761 VEF

2015 Average 517 VEF

Yearly Trough Low 455 VEF

Transaction Impact: A difference of 306.02 VEF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

0.1574

0.0858

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 0.1186, compared to 0.1492 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0307 points.

H1 Avg (Jan–Jun) 0.1186

H2 Avg (Jul–Dec) 0.1492

Volatility Range Comparison

Volatility

The most volatile month in 2016 was August, with a trading range of 0.0069 VEF (High: 0.1522 / Low: 0.1453). On the other end, January was the most stable month, with a tight range of 0.0005 VEF (High: 0.0924 / Low: 0.0919).

August Spread (Volatile) ±0.0069

January Spread (Stable) ±0.0005

Growth Streaks & Declines

Trends

Between June and October, 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 October and November, when the average rate fell by 0.0011 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0011

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2016: 0.1483) against the same month in 2015 (average: 0.1002), the exchange rate shifted by +0.0481 (+48.05%).

2016 Avg (August) 0.1483

2015 Avg (August) 0.1002

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0924	0.0919	0.0921
February	0.0926	0.0910	0.0918
March	0.0927	0.0918	0.0923
April	0.1460	0.1453	0.1457
May	0.1459	0.1448	0.1453
June	0.1461	0.1434	0.1443
July	0.1465	0.1447	0.1453
August	0.1522	0.1453	0.1483
September	0.1521	0.1473	0.1497
October	0.1521	0.1511	0.1515
November	0.1515	0.1493	0.1504
December	0.1520	0.1498	0.1503