2011 LTL to VEF Historical Review

YEARLY HIGH

1.8510 VEF

YEARLY LOW

1.6044 VEF

YEARLY AVERAGE

1.7320 VEF

2011 LTL to VEF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the LTL to VEF exchange rate experienced significant fluctuation. The market reached its absolute peak on May 4, valuing the pair at 1.8510. Conversely, the yearly low was recorded on December 29, dropping to 1.6044.

This high-to-low spread represents a total annual volatility of 0.2467 VEF. From a start-to-finish perspective, comparing the January average rate of 1.6633 to the December average rate of 1.6390, the exchange rate registered a net change of -1.47% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 1.8510 was up 0.79% compared to the 2010 peak of 1.8366, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 9,255 VEF

2010 Average 8,131 VEF

Yearly Trough Low 8,022 VEF

Transaction Impact: A difference of 1,233.33 VEF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

1.8142

1.6230

JanuMarcMayJulySeptNove

LTL 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 1.7462, compared to 1.7177 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0285 points.

H1 Avg (Jan–Jun) 1.7462

H2 Avg (Jul–Dec) 1.7177

Volatility Range Comparison

Volatility

The most volatile month in 2011 was October, with a trading range of 0.1240 VEF (High: 1.7634 / Low: 1.6395). On the other end, August was the most stable month, with a tight range of 0.0428 VEF (High: 1.8019 / Low: 1.7591).

October Spread (Volatile) ±0.1240

August Spread (Stable) ±0.0428

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 0.0683 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0683

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2011: 1.7867) against the same month in 2010 (average: 1.5685), the exchange rate shifted by +0.2182 (+13.91%).

2011 Avg (May) 1.7867

2010 Avg (May) 1.5685

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.7074	1.6049	1.6633
February	1.7207	1.6717	1.6979
March	1.7676	1.7131	1.7415
April	1.8506	1.7589	1.7983
May	1.8510	1.7438	1.7867
June	1.8224	1.7523	1.7895
July	1.8058	1.7382	1.7767
August	1.8019	1.7591	1.7832
September	1.7768	1.6704	1.7149
October	1.7634	1.6395	1.7069
November	1.7176	1.6454	1.6859
December	1.6772	1.6044	1.6390