2011 CDF to IRR Historical Review

YEARLY HIGH

12.8104 IRR

YEARLY LOW

9.9767 IRR

YEARLY AVERAGE

11.5438 IRR

2011 CDF to IRR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the CDF to IRR exchange rate experienced significant fluctuation. The market reached its absolute peak on June 14, valuing the pair at 12.8104. Conversely, the yearly low was recorded on November 18, dropping to 9.9767.

This high-to-low spread represents a total annual volatility of 2.8338 IRR. From a start-to-finish perspective, comparing the January average rate of 11.4432 to the December average rate of 11.9531, the exchange rate registered a net change of 4.46% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 12.8104 was up 8.86% compared to the 2010 peak of 11.7680, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 64,052 IRR

2010 Average 56,225 IRR

Yearly Trough Low 49,883 IRR

Transaction Impact: A difference of 14,168.86 IRR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

12.1261

10.8816

JanuMarcMayJulySeptNove

CDF to IRR 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 11.5157, compared to 11.5718 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0561 points.

H1 Avg (Jan–Jun) 11.5157

H2 Avg (Jul–Dec) 11.5718

Volatility Range Comparison

Volatility

The most volatile month in 2011 was December, with a trading range of 2.2011 IRR (High: 12.2971 / Low: 10.0961). On the other end, August was the most stable month, with a tight range of 0.1425 IRR (High: 11.6940 / Low: 11.5514).

December Spread (Volatile) ±2.2011

August Spread (Stable) ±0.1425

Growth Streaks & Declines

Trends

Between February and June, 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 0.6286 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.6286

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2011: 12.0224) against the same month in 2010 (average: 11.2724), the exchange rate shifted by +0.7501 (+6.65%).

2011 Avg (June) 12.0224

2010 Avg (June) 11.2724

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	11.6673	11.3125	11.4432
February	11.4180	11.2455	11.3122
March	11.4504	11.2144	11.3169
April	11.5408	11.3905	11.4557
May	11.6402	11.4383	11.5440
June	12.8104	11.5754	12.0224
July	11.7290	11.4908	11.6164
August	11.6940	11.5514	11.6072
September	11.7569	11.5274	11.6548
October	11.7757	11.4012	11.6138
November	11.9932	9.9767	10.9853
December	12.2971	10.0961	11.9531