2011 CVE to BRL Historical Review

YEARLY HIGH

0.0230 BRL

YEARLY LOW

0.0197 BRL

YEARLY AVERAGE

0.0211 BRL

2011 CVE to BRL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the CVE to BRL exchange rate experienced significant fluctuation. The market reached its absolute peak on September 24, valuing the pair at 0.0230. Conversely, the yearly low was recorded on January 12, dropping to 0.0197.

This high-to-low spread represents a total annual volatility of 0.0032 BRL. From a start-to-finish perspective, comparing the January average rate of 0.0203 to the December average rate of 0.0219, the exchange rate registered a net change of 7.93% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.0230 was down 2.94% compared to the 2010 peak of 0.0237, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 115 BRL

2010 Average 106 BRL

Yearly Trough Low 99 BRL

Transaction Impact: A difference of 16.11 BRL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.0222

0.0201

JanuMarcMayJulySeptNove

CVE to BRL 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 0.0207, compared to 0.0214 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0007 points.

H1 Avg (Jan–Jun) 0.0207

H2 Avg (Jul–Dec) 0.0214

Volatility Range Comparison

Volatility

The most volatile month in 2011 was September, with a trading range of 0.0022 BRL (High: 0.0230 / Low: 0.0207). On the other end, December was the most stable month, with a tight range of 0.0004 BRL (High: 0.0221 / Low: 0.0217).

September Spread (Volatile) ±0.0022

December Spread (Stable) ±0.0004

Growth Streaks & Declines

Trends

Between July and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0005 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0005

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2011: 0.0217) against the same month in 2010 (average: 0.0204), the exchange rate shifted by +0.0014 (+6.64%).

2011 Avg (September) 0.0217

2010 Avg (September) 0.0204

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0209	0.0197	0.0203
February	0.0208	0.0203	0.0206
March	0.0214	0.0208	0.0211
April	0.0212	0.0205	0.0208
May	0.0217	0.0206	0.0210
June	0.0210	0.0205	0.0207
July	0.0205	0.0200	0.0202
August	0.0211	0.0202	0.0208
September	0.0230	0.0207	0.0217
October	0.0228	0.0215	0.0220
November	0.0227	0.0216	0.0220
December	0.0221	0.0217	0.0219