2011 PGK to VEF Historical Review

YEARLY HIGH

2.0360 VEF

YEARLY LOW

1.6236 VEF

YEARLY AVERAGE

1.8363 VEF

2011 PGK to VEF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the PGK to VEF exchange rate experienced significant fluctuation. The market reached its absolute peak on November 19, valuing the pair at 2.0360. Conversely, the yearly low was recorded on January 25, dropping to 1.6236.

This high-to-low spread represents a total annual volatility of 0.4125 VEF. From a start-to-finish perspective, comparing the January average rate of 1.6418 to the December average rate of 2.0187, the exchange rate registered a net change of 22.96% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 2.0360 was up 21.64% compared to the 2010 peak of 1.6739, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 10,180 VEF

2010 Average 7,863 VEF

Yearly Trough Low 8,118 VEF

Transaction Impact: A difference of 2,062.27 VEF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

2.0589

1.6039

JanuMarcMayJulySeptNove

PGK 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 1.7110, compared to 1.9616 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2506 points.

H1 Avg (Jan–Jun) 1.7110

H2 Avg (Jul–Dec) 1.9616

Volatility Range Comparison

Volatility

The most volatile month in 2011 was June, with a trading range of 0.1236 VEF (High: 1.8973 / Low: 1.7737). On the other end, December was the most stable month, with a tight range of 0.0109 VEF (High: 2.0255 / Low: 2.0146).

June Spread (Volatile) ±0.1236

December Spread (Stable) ±0.0109

Growth Streaks & Declines

Trends

Between January and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 10 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0022 points.

Longest Streak 10 Mo.

Sharpest MoM Drop -0.0022

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2011: 2.0210) against the same month in 2010 (average: 1.6550), the exchange rate shifted by +0.3660 (+22.11%).

2011 Avg (November) 2.0210

2010 Avg (November) 1.6550

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.6578	1.6236	1.6418
February	1.6640	1.6394	1.6463
March	1.6791	1.6428	1.6606
April	1.7567	1.6577	1.7073
May	1.7873	1.7567	1.7725
June	1.8973	1.7737	1.8374
July	1.9243	1.8719	1.8894
August	1.9404	1.8901	1.9280
September	1.9480	1.9350	1.9423
October	2.0147	1.9437	1.9703
November	2.0360	2.0077	2.0210
December	2.0255	2.0146	2.0187