2016 SAR to VEF Historical Review

YEARLY HIGH

2.6782 VEF

YEARLY LOW

1.6807 VEF

YEARLY AVERAGE

2.4164 VEF

2016 SAR to VEF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the SAR to VEF exchange rate experienced significant fluctuation. The market reached its absolute peak on July 9, valuing the pair at 2.6782. Conversely, the yearly low was recorded on January 4, dropping to 1.6807.

This high-to-low spread represents a total annual volatility of 0.9975 VEF. From a start-to-finish perspective, comparing the January average rate of 1.6843 to the December average rate of 2.6625, the exchange rate registered a net change of 58.08% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 2.6782 was up 58.77% compared to the 2015 peak of 1.6868, 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 13,391 VEF

2015 Average 8,421 VEF

Yearly Trough Low 8,404 VEF

Transaction Impact: A difference of 4,987.50 VEF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

2.7603

1.5865

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 2.1721, compared to 2.6607 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.4887 points.

H1 Avg (Jan–Jun) 2.1721

H2 Avg (Jul–Dec) 2.6607

Volatility Range Comparison

Volatility

The most volatile month in 2016 was July, with a trading range of 0.0187 VEF (High: 2.6782 / Low: 2.6595). On the other end, October was the most stable month, with a tight range of 0.0016 VEF (High: 2.6604 / Low: 2.6589).

July Spread (Volatile) ±0.0187

October Spread (Stable) ±0.0016

Growth Streaks & Declines

Trends

Between January and April, 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 July and August, when the average rate fell by 0.0016 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0016

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2016: 2.6618) against the same month in 2015 (average: 1.6850), the exchange rate shifted by +0.9768 (+57.97%).

2016 Avg (July) 2.6618

2015 Avg (July) 1.6850

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.6861	1.6807	1.6843
February	1.6904	1.6840	1.6852
March	1.6892	1.6813	1.6863
April	2.6624	2.6583	2.6593
May	2.6596	2.6564	2.6585
June	2.6611	2.6563	2.6588
July	2.6782	2.6595	2.6618
August	2.6609	2.6581	2.6602
September	2.6615	2.6571	2.6600
October	2.6604	2.6589	2.6599
November	2.6611	2.6484	2.6598
December	2.6649	2.6526	2.6625