2010 TOP to VEF Historical Review

YEARLY HIGH

2.3459 VEF

YEARLY LOW

1.1101 VEF

YEARLY AVERAGE

2.2010 VEF

2010 TOP to VEF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2010

During 2010, the TOP to VEF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 6, valuing the pair at 2.3459. Conversely, the yearly low was recorded on January 4, dropping to 1.1101.

This high-to-low spread represents a total annual volatility of 1.2358 VEF. From a start-to-finish perspective, comparing the January average rate of 1.8970 to the December average rate of 2.2942, the exchange rate registered a net change of 20.94% (reflecting a strengthening trend).

Transfer Payout Power Comparison

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

Yearly Peak High 11,729 VEF

Yearly Average 11,005 VEF

Yearly Trough Low 5,551 VEF

Transaction Impact: A difference of 6,178.75 VEF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2010.

2.3448

1.8563

JanuMarcMayJulySeptNove

TOP 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 2.1549, compared to 2.2470 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0921 points.

H1 Avg (Jan–Jun) 2.1549

H2 Avg (Jul–Dec) 2.2470

Volatility Range Comparison

Volatility

The most volatile month in 2010 was January, with a trading range of 1.2043 VEF (High: 2.3144 / Low: 1.1101). On the other end, October was the most stable month, with a tight range of 0.0415 VEF (High: 2.2800 / Low: 2.2385).

January Spread (Volatile) ±1.2043

October Spread (Stable) ±0.0415

Growth Streaks & Declines

Trends

Between May and August, 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 April and May, when the average rate fell by 0.0664 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0664

Same-Month Historical Baseline

YoY Baseline

Historical data for the previous year (2009) is currently unavailable. Strongest month average for December 2010 is 2.2942.

2010 Avg (December) 2.2942

Baseline Avg N/A

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.3144	1.1101	1.8970
February	2.2617	2.1966	2.2257
March	2.2983	2.2009	2.2366
April	2.2592	2.1971	2.2301
May	2.2260	2.1111	2.1637
June	2.2374	2.1625	2.1762
July	2.2277	2.1749	2.1983
August	2.2862	2.1858	2.2171
September	2.2396	2.1891	2.2093
October	2.2800	2.2385	2.2590
November	2.3276	2.2320	2.3041
December	2.3459	2.2738	2.2942