2012 CDF to IRR Historical Review

YEARLY HIGH

13.5051 IRR

YEARLY LOW

12.1348 IRR

YEARLY AVERAGE

13.1192 IRR

2012 CDF to IRR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2012

During 2012, the CDF to IRR exchange rate experienced significant fluctuation. The market reached its absolute peak on May 23, valuing the pair at 13.5051. Conversely, the yearly low was recorded on January 2, dropping to 12.1348.

This high-to-low spread represents a total annual volatility of 1.3703 IRR. From a start-to-finish perspective, comparing the January average rate of 12.3395 to the December average rate of 13.2826, the exchange rate registered a net change of 7.64% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2012 high of 13.5051 was up 5.42% compared to the 2011 peak of 12.8104, 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 67,526 IRR

2011 Average 57,729 IRR

Yearly Trough Low 60,674 IRR

Transaction Impact: A difference of 6,851.52 IRR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2012.

13.5049

12.2336

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 12.9531, compared to 13.2853 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.3322 points.

H1 Avg (Jan–Jun) 12.9531

H2 Avg (Jul–Dec) 13.2853

Volatility Range Comparison

Volatility

The most volatile month in 2012 was February, with a trading range of 0.8368 IRR (High: 13.0315 / Low: 12.1947). On the other end, October was the most stable month, with a tight range of 0.0950 IRR (High: 13.3343 / Low: 13.2392).

February Spread (Volatile) ±0.8368

October Spread (Stable) ±0.0950

Growth Streaks & Declines

Trends

Between January and May, 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 June and July, when the average rate fell by 0.0645 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0645

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2012: 13.3989) against the same month in 2011 (average: 11.5440), the exchange rate shifted by +1.8550 (+16.07%).

2012 Avg (May) 13.3989

2011 Avg (May) 11.5440

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	12.4283	12.1348	12.3395
February	13.0315	12.1947	12.7234
March	12.9852	12.7705	12.8904
April	13.4610	12.7596	12.9769
May	13.5051	13.2685	13.3989
June	13.4533	13.2095	13.3894
July	13.4517	13.1943	13.3249
August	13.3733	13.2064	13.2797
September	13.3368	13.1763	13.2644
October	13.3343	13.2392	13.2885
November	13.3657	13.1473	13.2719
December	13.3732	13.1959	13.2826