2011 MMK to VEF Historical Review

YEARLY HIGH

0.6709 VEF

YEARLY LOW

0.6591 VEF

YEARLY AVERAGE

0.6621 VEF

2011 MMK to VEF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the MMK to VEF exchange rate experienced significant fluctuation. The market reached its absolute peak on July 30, valuing the pair at 0.6709. Conversely, the yearly low was recorded on August 4, dropping to 0.6591.

This high-to-low spread represents a total annual volatility of 0.0119 VEF. From a start-to-finish perspective, comparing the January average rate of 0.6600 to the December average rate of 0.6631, the exchange rate registered a net change of 0.47% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.6709 was up 0.06% compared to the 2010 peak of 0.6705, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 3,355 VEF

2010 Average 3,255 VEF

Yearly Trough Low 3,295 VEF

Transaction Impact: A difference of 59.31 VEF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.6671

0.6593

JanuMarcMayJulySeptNove

MMK 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 0.6600, compared to 0.6643 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0043 points.

H1 Avg (Jan–Jun) 0.6600

H2 Avg (Jul–Dec) 0.6643

Volatility Range Comparison

Volatility

The most volatile month in 2011 was August, with a trading range of 0.0117 VEF (High: 0.6708 / Low: 0.6591). On the other end, June was the most stable month, with a tight range of 0.0008 VEF (High: 0.6605 / Low: 0.6597).

August Spread (Volatile) ±0.0117

June Spread (Stable) ±0.0008

Growth Streaks & Declines

Trends

Between June and September, 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 September and October, when the average rate fell by 0.0019 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0019

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2011: 0.6621) against the same month in 2010 (average: 0.6600), the exchange rate shifted by +0.0021 (+0.32%).

2011 Avg (July) 0.6621

2010 Avg (July) 0.6600

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6605	0.6597	0.6600
February	0.6605	0.6597	0.6600
March	0.6605	0.6597	0.6599
April	0.6605	0.6597	0.6599
May	0.6605	0.6597	0.6600
June	0.6605	0.6597	0.6599
July	0.6709	0.6594	0.6621
August	0.6708	0.6591	0.6645
September	0.6709	0.6595	0.6665
October	0.6709	0.6595	0.6646
November	0.6708	0.6595	0.6647
December	0.6701	0.6593	0.6631