2011 SAR to VEF Historical Review

YEARLY HIGH

1.1483 VEF

YEARLY LOW

1.1431 VEF

YEARLY AVERAGE

1.1456 VEF

2011 SAR to VEF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the SAR to VEF exchange rate experienced significant fluctuation. The market reached its absolute peak on November 27, valuing the pair at 1.1483. Conversely, the yearly low was recorded on August 30, dropping to 1.1431.

This high-to-low spread represents a total annual volatility of 0.0052 VEF. From a start-to-finish perspective, comparing the January average rate of 1.1458 to the December average rate of 1.1453, the exchange rate registered a net change of -0.04% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 1.1483 was down 1.35% compared to the 2010 peak of 1.1640, 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 5,741 VEF

2010 Average 5,650 VEF

Yearly Trough Low 5,716 VEF

Transaction Impact: A difference of 25.78 VEF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

1.1458

1.1452

JanuMarcMayJulySeptNove

SAR 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 1.1457, compared to 1.1455 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) 1.1457

H2 Avg (Jul–Dec) 1.1455

Volatility Range Comparison

Volatility

The most volatile month in 2011 was November, with a trading range of 0.0039 VEF (High: 1.1483 / Low: 1.1444). On the other end, October was the most stable month, with a tight range of 0.0014 VEF (High: 1.1466 / Low: 1.1452).

November Spread (Volatile) ±0.0039

October Spread (Stable) ±0.0014

Growth Streaks & Declines

Trends

Between July and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0003 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0003

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2011: 1.1456) against the same month in 2010 (average: 1.1457), the exchange rate shifted by -0.0001 (-0.01%).

2011 Avg (November) 1.1456

2010 Avg (November) 1.1457

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.1468	1.1452	1.1458
February	1.1466	1.1452	1.1457
March	1.1466	1.1452	1.1456
April	1.1467	1.1451	1.1456
May	1.1467	1.1452	1.1457
June	1.1466	1.1451	1.1456
July	1.1466	1.1431	1.1455
August	1.1466	1.1431	1.1455
September	1.1466	1.1451	1.1456
October	1.1466	1.1452	1.1457
November	1.1483	1.1444	1.1456
December	1.1467	1.1447	1.1453