2011 ERN to CDF Historical Review

YEARLY HIGH

923.5762 CDF

YEARLY LOW

887.2702 CDF

YEARLY AVERAGE

911.5064 CDF

2011 ERN to CDF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the ERN to CDF exchange rate experienced significant fluctuation. The market reached its absolute peak on October 14, valuing the pair at 923.5762. Conversely, the yearly low was recorded on January 2, dropping to 887.2702.

This high-to-low spread represents a total annual volatility of 36.3060 CDF. From a start-to-finish perspective, comparing the January average rate of 906.6353 to the December average rate of 904.5815, the exchange rate registered a net change of -0.23% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 923.5762 was down 1.00% compared to the 2010 peak of 932.8880, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 4,617,881 CDF

2010 Average 4,477,352 CDF

Yearly Trough Low 4,436,351 CDF

Transaction Impact: A difference of 181,529.86 CDF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

917.2924

903.4259

JanuMarcMayJulySeptNove

ERN to CDF 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 911.2472, compared to 911.7656 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.5184 points.

H1 Avg (Jan–Jun) 911.2472

H2 Avg (Jul–Dec) 911.7656

Volatility Range Comparison

Volatility

The most volatile month in 2011 was January, with a trading range of 27.7281 CDF (High: 914.9983 / Low: 887.2702). On the other end, May was the most stable month, with a tight range of 5.3417 CDF (High: 915.2392 / Low: 909.8974).

January Spread (Volatile) ±27.7281

May Spread (Stable) ±5.3417

Growth Streaks & Declines

Trends

Between August and October, 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 5.9119 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -5.9119

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2011: 916.1369) against the same month in 2010 (average: 900.1075), the exchange rate shifted by +16.0294 (+1.78%).

2011 Avg (October) 916.1369

2010 Avg (October) 900.1075

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	914.9983	887.2702	906.6353
February	920.0833	907.1894	915.3198
March	919.9746	907.4414	913.1084
April	915.3978	907.3282	911.3182
May	915.2392	909.8974	913.2152
June	917.2027	902.4513	907.8863
July	920.0434	907.4725	912.1110
August	916.9446	902.3899	911.3675
September	919.8589	912.4898	915.9033
October	923.5762	906.4966	916.1369
November	915.5650	900.1446	910.4934
December	911.5647	897.8968	904.5815