2012 ERN to DJF Historical Review

YEARLY HIGH

179.8605 DJF

YEARLY LOW

177.2467 DJF

YEARLY AVERAGE

178.2880 DJF

2012 ERN to DJF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2012

During 2012, the ERN to DJF exchange rate experienced significant fluctuation. The market reached its absolute peak on April 10, valuing the pair at 179.8605. Conversely, the yearly low was recorded on August 5, dropping to 177.2467.

This high-to-low spread represents a total annual volatility of 2.6138 DJF. From a start-to-finish perspective, comparing the January average rate of 178.3207 to the December average rate of 177.7657, the exchange rate registered a net change of -0.31% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2012 high of 179.8605 was up 0.59% compared to the 2011 peak of 178.8105, 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 899,303 DJF

2011 Average 888,808 DJF

Yearly Trough Low 886,233 DJF

Transaction Impact: A difference of 13,069.16 DJF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2012.

179.0349

177.6503

JanuMarcMayJulySeptNove

ERN to DJF 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 178.6761, compared to 177.8999 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.7762 points.

H1 Avg (Jan–Jun) 178.6761

H2 Avg (Jul–Dec) 177.8999

Volatility Range Comparison

Volatility

The most volatile month in 2012 was April, with a trading range of 1.7600 DJF (High: 179.8605 / Low: 178.1005). On the other end, January was the most stable month, with a tight range of 0.7000 DJF (High: 178.8105 / Low: 178.1105).

April Spread (Volatile) ±1.7600

January Spread (Stable) ±0.7000

Growth Streaks & Declines

Trends

Between January and May, 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 June and July, when the average rate fell by 0.9774 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.9774

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2012: 178.8625) against the same month in 2011 (average: 177.7210), the exchange rate shifted by +1.1415 (+0.64%).

2012 Avg (April) 178.8625

2011 Avg (April) 177.7210

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	178.8105	178.1105	178.3207
February	179.3355	178.1105	178.3936
March	179.3505	178.1105	178.6634
April	179.8605	178.1005	178.8625
May	179.3505	178.1055	178.9195
June	179.3505	178.5905	178.8970
July	178.3400	177.5067	177.9196
August	178.3967	177.2467	177.9681
September	178.8067	177.4967	178.0200
October	178.6112	177.2825	177.8666
November	178.2413	177.4125	177.8597
December	178.4913	177.2587	177.7657