2011 SAR to CVE Historical Review

YEARLY HIGH

22.7886 CVE

YEARLY LOW

19.7566 CVE

YEARLY AVERAGE

21.1470 CVE

2011 SAR to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the SAR to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on January 10, valuing the pair at 22.7886. Conversely, the yearly low was recorded on May 4, dropping to 19.7566.

This high-to-low spread represents a total annual volatility of 3.0320 CVE. From a start-to-finish perspective, comparing the January average rate of 22.0058 to the December average rate of 22.3293, the exchange rate registered a net change of 1.47% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 22.7886 was down 7.45% compared to the 2010 peak of 24.6225, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 113,943 CVE

2010 Average 111,054 CVE

Yearly Trough Low 98,783 CVE

Transaction Impact: A difference of 15,159.85 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

22.5275

20.1499

JanuMarcMayJulySeptNove

SAR to CVE 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 20.9735, compared to 21.3204 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.3469 points.

H1 Avg (Jan–Jun) 20.9735

H2 Avg (Jul–Dec) 21.3204

Volatility Range Comparison

Volatility

The most volatile month in 2011 was October, with a trading range of 1.5422 CVE (High: 22.3061 / Low: 20.7639). On the other end, August was the most stable month, with a tight range of 0.4941 CVE (High: 20.7892 / Low: 20.2952).

October Spread (Volatile) ±1.5422

August Spread (Stable) ±0.4941

Growth Streaks & Declines

Trends

Between August and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.6618 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.6618

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2011: 22.0058) against the same month in 2010 (average: 20.6210), the exchange rate shifted by +1.3848 (+6.72%).

2011 Avg (January) 22.0058

2010 Avg (January) 20.6210

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	22.7886	21.4370	22.0058
February	21.8767	21.2533	21.5488
March	21.3477	20.6898	21.0098
April	20.7926	19.7869	20.3480
May	20.9716	19.7566	20.4837
June	20.8703	20.0673	20.4452
July	21.0392	20.2775	20.5919
August	20.7892	20.2952	20.5158
September	21.8915	20.5822	21.3405
October	22.3061	20.7639	21.4416
November	22.2572	21.2914	21.7035
December	22.7587	21.7563	22.3293