2011 MDL to VEF Historical Review

YEARLY HIGH

0.3826 VEF

YEARLY LOW

0.3456 VEF

YEARLY AVERAGE

0.3670 VEF

2011 MDL to VEF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the MDL to VEF exchange rate experienced significant fluctuation. The market reached its absolute peak on August 29, valuing the pair at 0.3826. Conversely, the yearly low was recorded on January 13, dropping to 0.3456.

This high-to-low spread represents a total annual volatility of 0.0369 VEF. From a start-to-finish perspective, comparing the January average rate of 0.3529 to the December average rate of 0.3656, the exchange rate registered a net change of 3.58% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.3826 was up 2.22% compared to the 2010 peak of 0.3743, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,913 VEF

2010 Average 1,714 VEF

Yearly Trough Low 1,728 VEF

Transaction Impact: A difference of 184.64 VEF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.3808

0.3504

JanuMarcMayJulySeptNove

MDL 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 0.3638, compared to 0.3702 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0063 points.

H1 Avg (Jan–Jun) 0.3638

H2 Avg (Jul–Dec) 0.3702

Volatility Range Comparison

Volatility

The most volatile month in 2011 was September, with a trading range of 0.0215 VEF (High: 0.3814 / Low: 0.3599). On the other end, March was the most stable month, with a tight range of 0.0050 VEF (High: 0.3621 / Low: 0.3571).

September Spread (Volatile) ±0.0215

March Spread (Stable) ±0.0050

Growth Streaks & Declines

Trends

Between January and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0084 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.0084

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2011: 0.3783) against the same month in 2010 (average: 0.3540), the exchange rate shifted by +0.0243 (+6.87%).

2011 Avg (August) 0.3783

2010 Avg (August) 0.3540

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3613	0.3456	0.3529
February	0.3604	0.3552	0.3583
March	0.3621	0.3571	0.3595
April	0.3759	0.3603	0.3693
May	0.3788	0.3621	0.3709
June	0.3792	0.3647	0.3721
July	0.3783	0.3693	0.3737
August	0.3826	0.3748	0.3783
September	0.3814	0.3599	0.3699
October	0.3756	0.3580	0.3673
November	0.3709	0.3606	0.3663
December	0.3686	0.3623	0.3656