2011 QAR to VEF Historical Review

YEARLY HIGH

1.1827 VEF

YEARLY LOW

1.1789 VEF

YEARLY AVERAGE

1.1802 VEF

2011 QAR to VEF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the QAR to VEF exchange rate experienced significant fluctuation. The market reached its absolute peak on November 27, valuing the pair at 1.1827. Conversely, the yearly low was recorded on November 16, dropping to 1.1789.

This high-to-low spread represents a total annual volatility of 0.0038 VEF. From a start-to-finish perspective, comparing the January average rate of 1.1804 to the December average rate of 1.1797, the exchange rate registered a net change of -0.06% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 1.1827 was down 1.38% compared to the 2010 peak of 1.1992, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 5,913 VEF

2010 Average 5,821 VEF

Yearly Trough Low 5,894 VEF

Transaction Impact: A difference of 19.13 VEF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

1.1805

1.1796

JanuMarcMayJulySeptNove

QAR 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 1.1803, compared to 1.1802 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0001 points.

H1 Avg (Jan–Jun) 1.1803

H2 Avg (Jul–Dec) 1.1802

Volatility Range Comparison

Volatility

The most volatile month in 2011 was November, with a trading range of 0.0038 VEF (High: 1.1827 / Low: 1.1789). On the other end, October was the most stable month, with a tight range of 0.0015 VEF (High: 1.1813 / Low: 1.1798).

November Spread (Volatile) ±0.0038

October Spread (Stable) ±0.0015

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 November and December, when the average rate fell by 0.0005 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0005

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2011: 1.1802) against the same month in 2010 (average: 1.1803), the exchange rate shifted by -0.0002 (-0.01%).

2011 Avg (November) 1.1802

2010 Avg (November) 1.1803

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.1813	1.1798	1.1804
February	1.1813	1.1798	1.1803
March	1.1813	1.1798	1.1802
April	1.1813	1.1798	1.1803
May	1.1813	1.1798	1.1804
June	1.1813	1.1798	1.1802
July	1.1813	1.1798	1.1804
August	1.1813	1.1798	1.1802
September	1.1813	1.1798	1.1803
October	1.1813	1.1798	1.1804
November	1.1827	1.1789	1.1802
December	1.1813	1.1790	1.1797