2011 VEF to BAM Historical Review

YEARLY HIGH

0.3530 BAM

YEARLY LOW

0.3067 BAM

YEARLY AVERAGE

0.3277 BAM

2011 VEF to BAM Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the VEF to BAM exchange rate experienced significant fluctuation. The market reached its absolute peak on December 29, valuing the pair at 0.3530. Conversely, the yearly low was recorded on May 1, dropping to 0.3067.

This high-to-low spread represents a total annual volatility of 0.0462 BAM. From a start-to-finish perspective, comparing the January average rate of 0.3410 to the December average rate of 0.3458, the exchange rate registered a net change of 1.42% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.3530 was down 44.55% compared to the 2010 peak of 0.6365, 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 1,765 BAM

2010 Average 1,764 BAM

Yearly Trough Low 1,534 BAM

Transaction Impact: A difference of 231.20 BAM purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.3489

0.3124

JanuMarcMayJulySeptNove

VEF to BAM 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 0.3250, compared to 0.3303 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0053 points.

H1 Avg (Jan–Jun) 0.3250

H2 Avg (Jul–Dec) 0.3303

Volatility Range Comparison

Volatility

The most volatile month in 2011 was October, with a trading range of 0.0228 BAM (High: 0.3444 / Low: 0.3216). On the other end, August was the most stable month, with a tight range of 0.0073 BAM (High: 0.3218 / Low: 0.3145).

October Spread (Volatile) ±0.0228

August Spread (Stable) ±0.0073

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 0.0100 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0100

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2011: 0.3458) against the same month in 2010 (average: 0.3447), the exchange rate shifted by +0.0011 (+0.32%).

2011 Avg (December) 0.3458

2010 Avg (December) 0.3447

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3528	0.3327	0.3410
February	0.3386	0.3300	0.3339
March	0.3299	0.3208	0.3254
April	0.3214	0.3067	0.3154
May	0.3251	0.3067	0.3178
June	0.3224	0.3109	0.3167
July	0.3260	0.3140	0.3190
August	0.3218	0.3145	0.3179
September	0.3385	0.3178	0.3308
October	0.3444	0.3216	0.3322
November	0.3443	0.3304	0.3360
December	0.3530	0.3366	0.3458