2011 VEF to BTN Historical Review

YEARLY HIGH

12.4944 BTN

YEARLY LOW

10.2415 BTN

YEARLY AVERAGE

10.8566 BTN

2011 VEF to BTN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the VEF to BTN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 14, valuing the pair at 12.4944. Conversely, the yearly low was recorded on April 10, dropping to 10.2415.

This high-to-low spread represents a total annual volatility of 2.2529 BTN. From a start-to-finish perspective, comparing the January average rate of 10.5676 to the December average rate of 12.2165, the exchange rate registered a net change of 15.60% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 12.4944 was down 42.09% compared to the 2010 peak of 21.5770, 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 62,472 BTN

2010 Average 54,651 BTN

Yearly Trough Low 51,208 BTN

Transaction Impact: A difference of 11,264.42 BTN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

12.4050

10.1437

JanuMarcMayJulySeptNove

VEF to BTN 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 10.4714, compared to 11.2418 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.7704 points.

H1 Avg (Jan–Jun) 10.4714

H2 Avg (Jul–Dec) 11.2418

Volatility Range Comparison

Volatility

The most volatile month in 2011 was September, with a trading range of 0.9135 BTN (High: 11.5455 / Low: 10.6320). On the other end, June was the most stable month, with a tight range of 0.0801 BTN (High: 10.4809 / Low: 10.4008).

September Spread (Volatile) ±0.9135

June Spread (Stable) ±0.0801

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 0.1344 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.1344

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2011: 12.2165) against the same month in 2010 (average: 10.4920), the exchange rate shifted by +1.7245 (+16.44%).

2011 Avg (December) 12.2165

2010 Avg (December) 10.4920

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	10.6969	10.3922	10.5676
February	10.6524	10.4536	10.5764
March	10.5522	10.3824	10.4666
April	10.3892	10.2415	10.3321
May	10.5537	10.2904	10.4487
June	10.4809	10.4008	10.4371
July	10.4077	10.2638	10.3325
August	10.7440	10.2670	10.5635
September	11.5455	10.6320	11.0658
October	11.6181	11.3392	11.4589
November	12.1934	11.3945	11.8137
December	12.4944	11.8904	12.2165