2012 BAM to VEF Historical Review

YEARLY HIGH

2.9486 VEF

YEARLY LOW

2.6440 VEF

YEARLY AVERAGE

2.8206 VEF

2012 BAM to VEF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2012

During 2012, the BAM to VEF exchange rate experienced significant fluctuation. The market reached its absolute peak on February 26, valuing the pair at 2.9486. Conversely, the yearly low was recorded on July 24, dropping to 2.6440.

This high-to-low spread represents a total annual volatility of 0.3047 VEF. From a start-to-finish perspective, comparing the January average rate of 2.8306 to the December average rate of 2.8761, the exchange rate registered a net change of 1.61% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2012 high of 2.9486 was down 9.56% compared to the 2011 peak of 3.2603, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 14,743 VEF

2011 Average 15,277 VEF

Yearly Trough Low 13,220 VEF

Transaction Impact: A difference of 1,523.35 VEF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2012.

2.9216

2.6761

JanuMarcMayJulySeptNove

BAM 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 2.8457, compared to 2.7955 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0502 points.

H1 Avg (Jan–Jun) 2.8457

H2 Avg (Jul–Dec) 2.7955

Volatility Range Comparison

Volatility

The most volatile month in 2012 was May, with a trading range of 0.1847 VEF (High: 2.9000 / Low: 2.7153). On the other end, October was the most stable month, with a tight range of 0.0435 VEF (High: 2.8684 / Low: 2.8250).

May Spread (Volatile) ±0.1847

October Spread (Stable) ±0.0435

Growth Streaks & Declines

Trends

Between July and October, 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 April and May, when the average rate fell by 0.0791 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0791

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2012: 2.9012) against the same month in 2011 (average: 2.9949), the exchange rate shifted by -0.0938 (-3.13%).

2012 Avg (February) 2.9012

2011 Avg (February) 2.9949

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.8926	2.7792	2.8306
February	2.9486	2.8630	2.9012
March	2.9260	2.8605	2.8972
April	2.9260	2.8643	2.8873
May	2.9000	2.7153	2.8082
June	2.7833	2.7139	2.7495
July	2.7729	2.6440	2.6966
August	2.7574	2.6706	2.7181
September	2.8801	2.7542	2.8224
October	2.8684	2.8250	2.8458
November	2.8480	2.7866	2.8141
December	2.9056	2.8369	2.8761