2011 ERN to CVE Historical Review

YEARLY HIGH

85.4545 CVE

YEARLY LOW

74.0908 CVE

YEARLY AVERAGE

79.3057 CVE

2011 ERN to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the ERN to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on January 10, valuing the pair at 85.4545. Conversely, the yearly low was recorded on May 4, dropping to 74.0908.

This high-to-low spread represents a total annual volatility of 11.3637 CVE. From a start-to-finish perspective, comparing the January average rate of 82.5226 to the December average rate of 83.7382, the exchange rate registered a net change of 1.47% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 85.4545 was down 7.45% compared to the 2010 peak of 92.3313, 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 427,273 CVE

2010 Average 416,450 CVE

Yearly Trough Low 370,454 CVE

Transaction Impact: A difference of 56,818.48 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

84.4814

75.5637

JanuMarcMayJulySeptNove

ERN to CVE 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 78.6530, compared to 79.9584 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.3055 points.

H1 Avg (Jan–Jun) 78.6530

H2 Avg (Jul–Dec) 79.9584

Volatility Range Comparison

Volatility

The most volatile month in 2011 was October, with a trading range of 5.7836 CVE (High: 83.6522 / Low: 77.8686). On the other end, August was the most stable month, with a tight range of 1.8512 CVE (High: 77.9622 / Low: 76.1110).

October Spread (Volatile) ±5.7836

August Spread (Stable) ±1.8512

Growth Streaks & Declines

Trends

Between August and December, 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 March and April, when the average rate fell by 2.4832 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -2.4832

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2011: 82.5226) against the same month in 2010 (average: 77.3174), the exchange rate shifted by +5.2052 (+6.73%).

2011 Avg (January) 82.5226

2010 Avg (January) 77.3174

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	85.4545	80.3893	82.5226
February	82.0402	79.7036	80.8106
March	80.0566	77.5892	78.7900
April	77.9733	74.2005	76.3068
May	78.6462	74.0908	76.8159
June	78.2666	75.2539	76.6720
July	78.8995	76.0428	77.2356
August	77.9622	76.1110	76.9407
September	82.1013	77.1873	80.0327
October	83.6522	77.8686	80.4105
November	83.3487	79.8479	81.3929
December	85.3487	81.6091	83.7382