2011 ETB to VEF Historical Review

YEARLY HIGH

0.3383 VEF

YEARLY LOW

0.2483 VEF

YEARLY AVERAGE

0.2744 VEF

2011 ETB to VEF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the ETB to VEF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.3383. Conversely, the yearly low was recorded on December 28, dropping to 0.2483.

This high-to-low spread represents a total annual volatility of 0.0900 VEF. From a start-to-finish perspective, comparing the January average rate of 0.3376 to the December average rate of 0.2490, the exchange rate registered a net change of -26.25% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.3383 was down 16.34% compared to the 2010 peak of 0.4044, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,691 VEF

2010 Average 1,829 VEF

Yearly Trough Low 1,241 VEF

Transaction Impact: A difference of 450.13 VEF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.3465

0.2401

JanuMarcMayJulySeptNove

ETB to VEF 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 0.2977, compared to 0.2510 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0467 points.

H1 Avg (Jan–Jun) 0.2977

H2 Avg (Jul–Dec) 0.2510

Volatility Range Comparison

Volatility

The most volatile month in 2011 was April, with a trading range of 0.0819 VEF (High: 0.3359 / Low: 0.2540). On the other end, October was the most stable month, with a tight range of 0.0007 VEF (High: 0.2513 / Low: 0.2506).

April Spread (Volatile) ±0.0819

October Spread (Stable) ±0.0007

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2011. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0697 points.

Longest Streak 0 Mo.

Sharpest MoM Drop -0.0697

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2011: 0.3376) against the same month in 2010 (average: 0.3349), the exchange rate shifted by +0.0027 (+0.82%).

2011 Avg (January) 0.3376

2010 Avg (January) 0.3349

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3383	0.3370	0.3376
February	0.3372	0.3363	0.3368
March	0.3366	0.3355	0.3360
April	0.3359	0.2540	0.2664
May	0.2557	0.2538	0.2552
June	0.2553	0.2534	0.2541
July	0.2537	0.2521	0.2529
August	0.2536	0.2502	0.2519
September	0.2519	0.2509	0.2513
October	0.2513	0.2506	0.2510
November	0.2510	0.2489	0.2501
December	0.2498	0.2483	0.2490