2011 VEF to BRL Historical Review

YEARLY HIGH

0.4408 BRL

YEARLY LOW

0.3575 BRL

YEARLY AVERAGE

0.3895 BRL

2011 VEF to BRL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the VEF to BRL exchange rate experienced significant fluctuation. The market reached its absolute peak on November 25, valuing the pair at 0.4408. Conversely, the yearly low was recorded on July 26, dropping to 0.3575.

This high-to-low spread represents a total annual volatility of 0.0834 BRL. From a start-to-finish perspective, comparing the January average rate of 0.3900 to the December average rate of 0.4274, the exchange rate registered a net change of 9.60% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.4408 was down 45.70% compared to the 2010 peak of 0.8119, 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 2,204 BRL

2010 Average 2,104 BRL

Yearly Trough Low 1,787 BRL

Transaction Impact: A difference of 416.85 BRL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.4338

0.3575

JanuMarcMayJulySeptNove

VEF to BRL 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 0.3796, compared to 0.3994 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0198 points.

H1 Avg (Jan–Jun) 0.3796

H2 Avg (Jul–Dec) 0.3994

Volatility Range Comparison

Volatility

The most volatile month in 2011 was September, with a trading range of 0.0661 BRL (High: 0.4390 / Low: 0.3729). On the other end, February was the most stable month, with a tight range of 0.0042 BRL (High: 0.3904 / Low: 0.3862).

September Spread (Volatile) ±0.0661

February Spread (Stable) ±0.0042

Growth Streaks & Declines

Trends

Between July and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0175 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0175

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2011: 0.4164) against the same month in 2010 (average: 0.3987), the exchange rate shifted by +0.0177 (+4.44%).

2011 Avg (November) 0.4164

2010 Avg (November) 0.3987

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3939	0.3841	0.3900
February	0.3904	0.3862	0.3880
March	0.3893	0.3786	0.3861
April	0.3781	0.3638	0.3686
May	0.3807	0.3662	0.3753
June	0.3751	0.3642	0.3697
July	0.3681	0.3575	0.3639
August	0.3794	0.3619	0.3720
September	0.4390	0.3729	0.4047
October	0.4399	0.3923	0.4122
November	0.4408	0.4028	0.4164
December	0.4365	0.4153	0.4274