2011 CVE to ZAR Historical Review

YEARLY HIGH

0.1034 ZAR

YEARLY LOW

0.0800 ZAR

YEARLY AVERAGE

0.0915 ZAR

2011 CVE to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the CVE to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on November 23, valuing the pair at 0.1034. Conversely, the yearly low was recorded on January 3, dropping to 0.0800.

This high-to-low spread represents a total annual volatility of 0.0234 ZAR. From a start-to-finish perspective, comparing the January average rate of 0.0840 to the December average rate of 0.0977, the exchange rate registered a net change of 16.31% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.1034 was up 5.74% compared to the 2010 peak of 0.0978, 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 517 ZAR

2010 Average 440 ZAR

Yearly Trough Low 400 ZAR

Transaction Impact: A difference of 116.97 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.1017

0.0824

JanuMarcMayJulySeptNove

CVE to ZAR 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 0.0878, compared to 0.0952 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0074 points.

H1 Avg (Jan–Jun) 0.0878

H2 Avg (Jul–Dec) 0.0952

Volatility Range Comparison

Volatility

The most volatile month in 2011 was September, with a trading range of 0.0111 ZAR (High: 0.1018 / Low: 0.0907). On the other end, June was the most stable month, with a tight range of 0.0018 ZAR (High: 0.0894 / Low: 0.0876).

September Spread (Volatile) ±0.0111

June Spread (Stable) ±0.0018

Growth Streaks & Declines

Trends

Between July and November, 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 November and December, when the average rate fell by 0.0024 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0024

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2011: 0.1001) against the same month in 2010 (average: 0.0864), the exchange rate shifted by +0.0137 (+15.87%).

2011 Avg (November) 0.1001

2010 Avg (November) 0.0864

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0892	0.0800	0.0840
February	0.0903	0.0873	0.0889
March	0.0900	0.0863	0.0878
April	0.0897	0.0863	0.0881
May	0.0904	0.0879	0.0893
June	0.0894	0.0876	0.0886
July	0.0893	0.0864	0.0878
August	0.0947	0.0868	0.0922
September	0.1018	0.0907	0.0943
October	0.1020	0.0963	0.0989
November	0.1034	0.0976	0.1001
December	0.0994	0.0948	0.0977