2011 VEF to CDF Historical Review

YEARLY HIGH

215.0527 CDF

YEARLY LOW

206.3419 CDF

YEARLY AVERAGE

212.1645 CDF

2011 VEF to CDF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the VEF to CDF exchange rate experienced significant fluctuation. The market reached its absolute peak on October 14, valuing the pair at 215.0527. Conversely, the yearly low was recorded on January 2, dropping to 206.3419.

This high-to-low spread represents a total annual volatility of 8.7108 CDF. From a start-to-finish perspective, comparing the January average rate of 211.0080 to the December average rate of 210.6132, the exchange rate registered a net change of -0.19% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 215.0527 was down 48.68% compared to the 2010 peak of 419.0072, 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 1,075,264 CDF

2010 Average 1,070,470 CDF

Yearly Trough Low 1,031,710 CDF

Transaction Impact: A difference of 43,554.08 CDF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

213.4876

210.3519

JanuMarcMayJulySeptNove

VEF to CDF 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 212.0991, compared to 212.2299 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1308 points.

H1 Avg (Jan–Jun) 212.0991

H2 Avg (Jul–Dec) 212.2299

Volatility Range Comparison

Volatility

The most volatile month in 2011 was January, with a trading range of 6.7135 CDF (High: 213.0554 / Low: 206.3419). On the other end, May was the most stable month, with a tight range of 1.5074 CDF (High: 213.1115 / Low: 211.6041).

January Spread (Volatile) ±6.7135

May Spread (Stable) ±1.5074

Growth Streaks & Declines

Trends

Between August and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 1.3093 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -1.3093

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2011: 213.2263) against the same month in 2010 (average: 209.4954), the exchange rate shifted by +3.7309 (+1.78%).

2011 Avg (October) 213.2263

2010 Avg (October) 209.4954

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	213.0554	206.3419	211.0080
February	214.2394	211.2371	213.0449
March	214.2141	211.0419	212.5471
April	213.1484	211.1148	212.1193
May	213.1115	211.6041	212.5463
June	213.5687	210.1339	211.3293
July	214.2301	211.0401	212.2894
August	213.5086	210.1195	212.1418
September	214.1872	212.4424	213.1865
October	215.0527	211.0758	213.2263
November	213.2805	209.5967	211.9225
December	212.3486	209.0733	210.6132