2011 CUC to VEF Historical Review

YEARLY HIGH

4.3000 VEF

YEARLY LOW

4.2928 VEF

YEARLY AVERAGE

4.2962 VEF

2011 CUC to VEF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the CUC to VEF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 4.3000. Conversely, the yearly low was recorded on December 29, dropping to 4.2928.

This high-to-low spread represents a total annual volatility of 0.0072 VEF. From a start-to-finish perspective, comparing the January average rate of 4.2967 to the December average rate of 4.2950, the exchange rate registered a net change of -0.04% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 4.3000 was down 1.49% compared to the 2010 peak of 4.3650, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 21,500 VEF

2010 Average 21,189 VEF

Yearly Trough Low 21,464 VEF

Transaction Impact: A difference of 36.13 VEF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

4.2969

4.2948

JanuMarcMayJulySeptNove

CUC 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 4.2963, compared to 4.2961 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0002 points.

H1 Avg (Jan–Jun) 4.2963

H2 Avg (Jul–Dec) 4.2961

Volatility Range Comparison

Volatility

The most volatile month in 2011 was November, with a trading range of 0.0072 VEF (High: 4.3000 / Low: 4.2928). On the other end, October was the most stable month, with a tight range of 0.0053 VEF (High: 4.3000 / Low: 4.2946).

November Spread (Volatile) ±0.0072

October Spread (Stable) ±0.0053

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 November and December, when the average rate fell by 0.0014 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0014

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2011: 4.2967) against the same month in 2010 (average: 3.6064), the exchange rate shifted by +0.6903 (+19.14%).

2011 Avg (January) 4.2967

2010 Avg (January) 3.6064

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	4.3000	4.2946	4.2967
February	4.3000	4.2946	4.2964
March	4.3000	4.2946	4.2960
April	4.3000	4.2946	4.2963
May	4.3000	4.2946	4.2965
June	4.3000	4.2946	4.2961
July	4.3000	4.2946	4.2965
August	4.3000	4.2946	4.2960
September	4.3000	4.2946	4.2963
October	4.3000	4.2946	4.2965
November	4.3000	4.2928	4.2963
December	4.3000	4.2928	4.2950