2011 NGN to VEF Historical Review

YEARLY HIGH

0.0289 VEF

YEARLY LOW

0.0261 VEF

YEARLY AVERAGE

0.0276 VEF

2011 NGN to VEF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the NGN to VEF exchange rate experienced significant fluctuation. The market reached its absolute peak on August 25, valuing the pair at 0.0289. Conversely, the yearly low was recorded on December 27, dropping to 0.0261.

This high-to-low spread represents a total annual volatility of 0.0028 VEF. From a start-to-finish perspective, comparing the January average rate of 0.0282 to the December average rate of 0.0264, the exchange rate registered a net change of -6.08% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.0289 was down 0.61% compared to the 2010 peak of 0.0291, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 1,000,000 NGN based on timing:

Yearly Peak High 28,921 VEF

2010 Average 28,042 VEF

Yearly Trough Low 26,104 VEF

Transaction Impact: A difference of 2,817.46 VEF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.0284

0.0263

JanuMarcMayJulySeptNove

NGN 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 0.0278, compared to 0.0273 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0005 points.

H1 Avg (Jan–Jun) 0.0278

H2 Avg (Jul–Dec) 0.0273

Volatility Range Comparison

Volatility

The most volatile month in 2011 was August, with a trading range of 0.0014 VEF (High: 0.0289 / Low: 0.0275). On the other end, February was the most stable month, with a tight range of 0.0003 VEF (High: 0.0282 / Low: 0.0279).

August Spread (Volatile) ±0.0014

February Spread (Stable) ±0.0003

Growth Streaks & Declines

Trends

Between May and July, 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 0.0006 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0006

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2011: 0.0280) against the same month in 2010 (average: 0.0285), the exchange rate shifted by -0.0006 (-1.93%).

2011 Avg (August) 0.0280

2010 Avg (August) 0.0285

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0283	0.0279	0.0282
February	0.0282	0.0279	0.0281
March	0.0280	0.0273	0.0277
April	0.0280	0.0276	0.0278
May	0.0278	0.0272	0.0275
June	0.0282	0.0274	0.0276
July	0.0286	0.0280	0.0282
August	0.0289	0.0275	0.0280
September	0.0278	0.0270	0.0275
October	0.0273	0.0262	0.0269
November	0.0274	0.0266	0.0270
December	0.0266	0.0261	0.0264