2011 CLP to VEF Historical Review

YEARLY HIGH

0.0094 VEF

YEARLY LOW

0.0081 VEF

YEARLY AVERAGE

0.0089 VEF

2011 CLP to VEF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the CLP to VEF exchange rate experienced significant fluctuation. The market reached its absolute peak on July 28, valuing the pair at 0.0094. Conversely, the yearly low was recorded on October 4, dropping to 0.0081.

This high-to-low spread represents a total annual volatility of 0.0014 VEF. From a start-to-finish perspective, comparing the January average rate of 0.0088 to the December average rate of 0.0083, the exchange rate registered a net change of -5.43% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.0094 was up 2.53% compared to the 2010 peak of 0.0092, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 1,000,000 CLP based on timing:

Yearly Peak High 9,424 VEF

2010 Average 8,313 VEF

Yearly Trough Low 8,053 VEF

Transaction Impact: A difference of 1,370.68 VEF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.0094

0.0082

JanuMarcMayJulySeptNove

CLP 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 0.0090, compared to 0.0088 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0003 points.

H1 Avg (Jan–Jun) 0.0090

H2 Avg (Jul–Dec) 0.0088

Volatility Range Comparison

Volatility

The most volatile month in 2011 was September, with a trading range of 0.0011 VEF (High: 0.0093 / Low: 0.0082). On the other end, June was the most stable month, with a tight range of 0.0002 VEF (High: 0.0092 / Low: 0.0090).

September Spread (Volatile) ±0.0011

June Spread (Stable) ±0.0002

Growth Streaks & Declines

Trends

Between March and May, 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 September and October, when the average rate fell by 0.0004 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0004

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2011: 0.0093) against the same month in 2010 (average: 0.0081), the exchange rate shifted by +0.0012 (+14.67%).

2011 Avg (July) 0.0093

2010 Avg (July) 0.0081

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0092	0.0086	0.0088
February	0.0092	0.0089	0.0090
March	0.0091	0.0088	0.0090
April	0.0093	0.0090	0.0091
May	0.0093	0.0091	0.0092
June	0.0092	0.0090	0.0091
July	0.0094	0.0092	0.0093
August	0.0094	0.0090	0.0092
September	0.0093	0.0082	0.0089
October	0.0088	0.0081	0.0084
November	0.0088	0.0081	0.0085
December	0.0084	0.0082	0.0083