2011 VEF to BGN Historical Review

YEARLY HIGH

0.3538 BGN

YEARLY LOW

0.3060 BGN

YEARLY AVERAGE

0.3274 BGN

2011 VEF to BGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the VEF to BGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 29, valuing the pair at 0.3538. Conversely, the yearly low was recorded on May 4, dropping to 0.3060.

This high-to-low spread represents a total annual volatility of 0.0478 BGN. From a start-to-finish perspective, comparing the January average rate of 0.3407 to the December average rate of 0.3458, the exchange rate registered a net change of 1.50% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.3538 was down 44.56% compared to the 2010 peak of 0.6381, 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 1,769 BGN

2010 Average 1,763 BGN

Yearly Trough Low 1,530 BGN

Transaction Impact: A difference of 238.81 BGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.3489

0.3120

JanuMarcMayJulySeptNove

VEF to BGN 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 0.3247, compared to 0.3301 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0054 points.

H1 Avg (Jan–Jun) 0.3247

H2 Avg (Jul–Dec) 0.3301

Volatility Range Comparison

Volatility

The most volatile month in 2011 was October, with a trading range of 0.0243 BGN (High: 0.3455 / Low: 0.3212). On the other end, August was the most stable month, with a tight range of 0.0076 BGN (High: 0.3220 / Low: 0.3144).

October Spread (Volatile) ±0.0243

August Spread (Stable) ±0.0076

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 0.0102 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0102

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: 0.3444), the exchange rate shifted by +0.0014 (+0.40%).

2011 Avg (December) 0.3458

2010 Avg (December) 0.3444

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3529	0.3318	0.3407
February	0.3388	0.3292	0.3336
March	0.3307	0.3205	0.3253
April	0.3220	0.3061	0.3150
May	0.3248	0.3060	0.3171
June	0.3233	0.3108	0.3166
July	0.3259	0.3137	0.3189
August	0.3220	0.3144	0.3177
September	0.3391	0.3188	0.3304
October	0.3455	0.3212	0.3320
November	0.3445	0.3298	0.3361
December	0.3538	0.3372	0.3458