2012 HNL to VEF Historical Review

YEARLY HIGH

0.2264 VEF

YEARLY LOW

0.2155 VEF

YEARLY AVERAGE

0.2224 VEF

2012 HNL to VEF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2012

During 2012, the HNL to VEF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.2264. Conversely, the yearly low was recorded on December 27, dropping to 0.2155.

This high-to-low spread represents a total annual volatility of 0.0110 VEF. From a start-to-finish perspective, comparing the January average rate of 0.2255 to the December average rate of 0.2164, the exchange rate registered a net change of -4.05% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2012 high of 0.2264 was down 1.60% compared to the 2011 peak of 0.2301, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,132 VEF

2011 Average 1,136 VEF

Yearly Trough Low 1,077 VEF

Transaction Impact: A difference of 54.78 VEF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2012.

0.2264

0.2155

JanuMarcMayJulySeptNove

HNL 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 0.2253, compared to 0.2194 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0060 points.

H1 Avg (Jan–Jun) 0.2253

H2 Avg (Jul–Dec) 0.2194

Volatility Range Comparison

Volatility

The most volatile month in 2012 was August, with a trading range of 0.0066 VEF (High: 0.2255 / Low: 0.2189). On the other end, February was the most stable month, with a tight range of 0.0004 VEF (High: 0.2255 / Low: 0.2251).

August Spread (Volatile) ±0.0066

February Spread (Stable) ±0.0004

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2012. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.0045 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0045

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2012: 0.2255) against the same month in 2011 (average: 0.2271), the exchange rate shifted by -0.0016 (-0.70%).

2012 Avg (January) 0.2255

2011 Avg (January) 0.2271

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2264	0.2251	0.2255
February	0.2255	0.2251	0.2253
March	0.2255	0.2251	0.2253
April	0.2256	0.2251	0.2254
May	0.2255	0.2250	0.2253
June	0.2262	0.2251	0.2254
July	0.2260	0.2215	0.2251
August	0.2255	0.2189	0.2206
September	0.2204	0.2178	0.2190
October	0.2191	0.2174	0.2180
November	0.2177	0.2167	0.2171
December	0.2170	0.2155	0.2164