2011 VEF to BIF Historical Review

YEARLY HIGH

307.5164 BIF

YEARLY LOW

262.1692 BIF

YEARLY AVERAGE

281.4956 BIF

2011 VEF to BIF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the VEF to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 13, valuing the pair at 307.5164. Conversely, the yearly low was recorded on January 2, dropping to 262.1692.

This high-to-low spread represents a total annual volatility of 45.3472 BIF. From a start-to-finish perspective, comparing the January average rate of 264.1363 to the December average rate of 299.9928, the exchange rate registered a net change of 13.57% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 307.5164 was down 42.30% compared to the 2010 peak of 532.9184, 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 1,537,582 BIF

2010 Average 1,358,841 BIF

Yearly Trough Low 1,310,846 BIF

Transaction Impact: A difference of 226,735.86 BIF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

303.5784

260.5506

JanuMarcMayJulySeptNove

VEF to BIF 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 274.4894, compared to 288.5019 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 14.0125 points.

H1 Avg (Jan–Jun) 274.4894

H2 Avg (Jul–Dec) 288.5019

Volatility Range Comparison

Volatility

The most volatile month in 2011 was April, with a trading range of 23.0139 BIF (High: 286.8612 / Low: 263.8473). On the other end, October was the most stable month, with a tight range of 1.6608 BIF (High: 287.0291 / Low: 285.3684).

April Spread (Volatile) ±23.0139

October Spread (Stable) ±1.6608

Growth Streaks & Declines

Trends

Between March and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 9 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.1341 points.

Longest Streak 9 Mo.

Sharpest MoM Drop -0.1341

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2011: 299.9928) against the same month in 2010 (average: 264.0067), the exchange rate shifted by +35.9861 (+13.63%).

2011 Avg (December) 299.9928

2010 Avg (December) 264.0067

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	265.3723	262.1692	264.1363
February	265.3113	263.6450	264.7126
March	266.0655	262.5933	264.5785
April	286.8612	263.8473	282.9476
May	286.4773	283.9252	285.1408
June	287.0812	283.8871	285.4207
July	287.1096	284.3620	285.5496
August	288.1634	283.9462	285.8055
September	287.4157	284.1253	285.9217
October	287.0291	285.3684	286.2200
November	296.1862	285.6484	287.5216
December	307.5164	286.3820	299.9928