2011 BTN to VEF Historical Review

YEARLY HIGH

0.0976 VEF

YEARLY LOW

0.0800 VEF

YEARLY AVERAGE

0.0924 VEF

2011 BTN to VEF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the BTN to VEF exchange rate experienced significant fluctuation. The market reached its absolute peak on April 9, valuing the pair at 0.0976. Conversely, the yearly low was recorded on December 14, dropping to 0.0800.

This high-to-low spread represents a total annual volatility of 0.0176 VEF. From a start-to-finish perspective, comparing the January average rate of 0.0946 to the December average rate of 0.0819, the exchange rate registered a net change of -13.48% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.0976 was down 0.30% compared to the 2010 peak of 0.0979, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 488 VEF

2010 Average 464 VEF

Yearly Trough Low 400 VEF

Transaction Impact: A difference of 88.03 VEF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.0983

0.0804

JanuMarcMayJulySeptNove

BTN 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 0.0955, compared to 0.0893 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0062 points.

H1 Avg (Jan–Jun) 0.0955

H2 Avg (Jul–Dec) 0.0893

Volatility Range Comparison

Volatility

The most volatile month in 2011 was September, with a trading range of 0.0074 VEF (High: 0.0941 / Low: 0.0866). On the other end, June was the most stable month, with a tight range of 0.0007 VEF (High: 0.0961 / Low: 0.0954).

September Spread (Volatile) ±0.0074

June Spread (Stable) ±0.0007

Growth Streaks & Declines

Trends

Between February and April, 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 August and September, when the average rate fell by 0.0042 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0042

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2011: 0.0968) against the same month in 2010 (average: 0.0965), the exchange rate shifted by +0.0003 (+0.27%).

2011 Avg (April) 0.0968

2010 Avg (April) 0.0965

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0962	0.0935	0.0946
February	0.0957	0.0939	0.0946
March	0.0963	0.0948	0.0955
April	0.0976	0.0963	0.0968
May	0.0972	0.0948	0.0957
June	0.0961	0.0954	0.0958
July	0.0974	0.0961	0.0968
August	0.0974	0.0931	0.0947
September	0.0941	0.0866	0.0904
October	0.0882	0.0861	0.0873
November	0.0878	0.0820	0.0847
December	0.0841	0.0800	0.0819