2011 GIP to VEF Historical Review

YEARLY HIGH

7.1660 VEF

YEARLY LOW

6.5743 VEF

YEARLY AVERAGE

6.8889 VEF

2011 GIP to VEF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the GIP to VEF exchange rate experienced significant fluctuation. The market reached its absolute peak on May 2, valuing the pair at 7.1660. Conversely, the yearly low was recorded on October 6, dropping to 6.5743.

This high-to-low spread represents a total annual volatility of 0.5917 VEF. From a start-to-finish perspective, comparing the January average rate of 6.7718 to the December average rate of 6.7060, the exchange rate registered a net change of -0.97% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 7.1660 was up 1.58% compared to the 2010 peak of 7.0547, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 35,830 VEF

2010 Average 32,728 VEF

Yearly Trough Low 32,871 VEF

Transaction Impact: A difference of 2,958.46 VEF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

7.0658

6.6733

JanuMarcMayJulySeptNove

GIP 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 6.9428, compared to 6.8351 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1076 points.

H1 Avg (Jan–Jun) 6.9428

H2 Avg (Jul–Dec) 6.8351

Volatility Range Comparison

Volatility

The most volatile month in 2011 was September, with a trading range of 0.3625 VEF (High: 6.9742 / Low: 6.6117). On the other end, February was the most stable month, with a tight range of 0.1121 VEF (High: 6.9799 / Low: 6.8678).

September Spread (Volatile) ±0.3625

February Spread (Stable) ±0.1121

Growth Streaks & Declines

Trends

Between January and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.2349 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.2349

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2011: 7.0263) against the same month in 2010 (average: 6.3051), the exchange rate shifted by +0.7212 (+11.44%).

2011 Avg (May) 7.0263

2010 Avg (May) 6.3051

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	6.8782	6.6400	6.7718
February	6.9799	6.8678	6.9255
March	7.0329	6.8533	6.9360
April	7.1659	6.8895	7.0331
May	7.1660	6.9228	7.0263
June	7.0567	6.8492	6.9640
July	7.0434	6.7997	6.9290
August	7.1127	6.9361	7.0261
September	6.9742	6.6117	6.7912
October	6.9242	6.5743	6.7704
November	6.8901	6.6383	6.7880
December	6.7539	6.6192	6.7060