2011 GHS to VEF Historical Review

YEARLY HIGH

3.1292 VEF

YEARLY LOW

2.5761 VEF

YEARLY AVERAGE

2.7844 VEF

2011 GHS to VEF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the GHS to VEF exchange rate experienced significant fluctuation. The market reached its absolute peak on February 19, valuing the pair at 3.1292. Conversely, the yearly low was recorded on November 30, dropping to 2.5761.

This high-to-low spread represents a total annual volatility of 0.5532 VEF. From a start-to-finish perspective, comparing the January average rate of 2.8586 to the December average rate of 2.6188, the exchange rate registered a net change of -8.39% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 3.1292 was up 2.50% compared to the 2010 peak of 3.0530, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 15,646 VEF

2010 Average 14,785 VEF

Yearly Trough Low 12,880 VEF

Transaction Impact: A difference of 2,765.78 VEF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

2.8826

2.5948

JanuMarcMayJulySeptNove

GHS 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 2.8436, compared to 2.7251 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1186 points.

H1 Avg (Jan–Jun) 2.8436

H2 Avg (Jul–Dec) 2.7251

Volatility Range Comparison

Volatility

The most volatile month in 2011 was February, with a trading range of 0.4029 VEF (High: 3.1292 / Low: 2.7263). On the other end, July was the most stable month, with a tight range of 0.0376 VEF (High: 2.8584 / Low: 2.8208).

February Spread (Volatile) ±0.4029

July Spread (Stable) ±0.0376

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 September and October, when the average rate fell by 0.0944 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0944

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2011: 2.8551) against the same month in 2010 (average: 3.0015), the exchange rate shifted by -0.1464 (-4.88%).

2011 Avg (February) 2.8551

2010 Avg (February) 3.0015

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.9067	2.7410	2.8586
February	3.1292	2.7263	2.8551
March	2.8449	2.7998	2.8185
April	2.8684	2.8286	2.8488
May	2.8648	2.8266	2.8467
June	2.8579	2.8195	2.8341
July	2.8584	2.8208	2.8376
August	2.8423	2.7922	2.8171
September	2.8144	2.6881	2.7597
October	2.6954	2.6311	2.6653
November	2.6906	2.5761	2.6520
December	2.6481	2.6083	2.6188