2011 MRO to VEF Historical Review

YEARLY HIGH

0.0161 VEF

YEARLY LOW

0.0147 VEF

YEARLY AVERAGE

0.0154 VEF

2011 MRO to VEF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the MRO to VEF exchange rate experienced significant fluctuation. The market reached its absolute peak on May 13, valuing the pair at 0.0161. Conversely, the yearly low was recorded on October 25, dropping to 0.0147.

This high-to-low spread represents a total annual volatility of 0.0013 VEF. From a start-to-finish perspective, comparing the January average rate of 0.0153 to the December average rate of 0.0150, the exchange rate registered a net change of -2.16% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.0161 was down 3.87% compared to the 2010 peak of 0.0167, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 80 VEF

2010 Average 77 VEF

Yearly Trough Low 74 VEF

Transaction Impact: A difference of 6.67 VEF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.0159

0.0149

JanuMarcMayJulySeptNove

MRO 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 0.0155, compared to 0.0152 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0003 points.

H1 Avg (Jan–Jun) 0.0155

H2 Avg (Jul–Dec) 0.0152

Volatility Range Comparison

Volatility

The most volatile month in 2011 was February, with a trading range of 0.0007 VEF (High: 0.0156 / Low: 0.0149). On the other end, December was the most stable month, with a tight range of 0.0002 VEF (High: 0.0151 / Low: 0.0149).

February Spread (Volatile) ±0.0007

December Spread (Stable) ±0.0002

Growth Streaks & Declines

Trends

Between March and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0003 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0003

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2011: 0.0158) against the same month in 2010 (average: 0.0159), the exchange rate shifted by -0.0001 (-0.32%).

2011 Avg (May) 0.0158

2010 Avg (May) 0.0159

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0156	0.0151	0.0153
February	0.0156	0.0149	0.0152
March	0.0156	0.0150	0.0152
April	0.0158	0.0152	0.0156
May	0.0161	0.0157	0.0158
June	0.0159	0.0156	0.0157
July	0.0158	0.0154	0.0156
August	0.0157	0.0152	0.0155
September	0.0154	0.0152	0.0153
October	0.0152	0.0147	0.0150
November	0.0153	0.0149	0.0151
December	0.0151	0.0149	0.0150