2011 VEF to AFN Historical Review

YEARLY HIGH

11.2610 AFN

YEARLY LOW

9.9955 AFN

YEARLY AVERAGE

10.3028 AFN

2011 VEF to AFN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the VEF to AFN exchange rate experienced significant fluctuation. The market reached its absolute peak on October 20, valuing the pair at 11.2610. Conversely, the yearly low was recorded on September 11, dropping to 9.9955.

This high-to-low spread represents a total annual volatility of 1.2656 AFN. From a start-to-finish perspective, comparing the January average rate of 10.0134 to the December average rate of 10.8144, the exchange rate registered a net change of 8.00% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 11.2610 was down 50.26% compared to the 2010 peak of 22.6379, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 56,305 AFN

2010 Average 54,200 AFN

Yearly Trough Low 49,977 AFN

Transaction Impact: A difference of 6,327.78 AFN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

11.3689

9.8865

JanuMarcMayJulySeptNove

VEF to AFN 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 10.0150, compared to 10.5906 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.5756 points.

H1 Avg (Jan–Jun) 10.0150

H2 Avg (Jul–Dec) 10.5906

Volatility Range Comparison

Volatility

The most volatile month in 2011 was September, with a trading range of 1.2577 AFN (High: 11.2532 / Low: 9.9955). On the other end, January was the most stable month, with a tight range of 0.0171 AFN (High: 10.0208 / Low: 10.0037).

September Spread (Volatile) ±1.2577

January Spread (Stable) ±0.0171

Growth Streaks & Declines

Trends

Between January and March, 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 0.3920 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.3920

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2011: 11.2454) against the same month in 2010 (average: 10.0787), the exchange rate shifted by +1.1667 (+11.58%).

2011 Avg (October) 11.2454

2010 Avg (October) 10.0787

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	10.0208	10.0037	10.0134
February	10.0200	10.0029	10.0140
March	10.0427	10.0000	10.0175
April	10.0246	10.0000	10.0136
May	10.0236	10.0000	10.0131
June	10.0905	10.0000	10.0182
July	10.0241	10.0000	10.0136
August	10.0229	9.9980	10.0101
September	11.2532	9.9955	10.2535
October	11.2610	11.2300	11.2454
November	11.2564	10.6337	11.2065
December	11.2565	10.6185	10.8144