2011 VEF to CVE Historical Review

YEARLY HIGH

19.8979 CVE

YEARLY LOW

17.2519 CVE

YEARLY AVERAGE

18.4594 CVE

2011 VEF to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the VEF to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on January 10, valuing the pair at 19.8979. Conversely, the yearly low was recorded on May 4, dropping to 17.2519.

This high-to-low spread represents a total annual volatility of 2.6460 CVE. From a start-to-finish perspective, comparing the January average rate of 19.2061 to the December average rate of 19.4968, the exchange rate registered a net change of 1.51% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 19.8979 was down 44.69% compared to the 2010 peak of 35.9764, 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 99,490 CVE

2010 Average 99,375 CVE

Yearly Trough Low 86,259 CVE

Transaction Impact: A difference of 13,230.06 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

19.6703

17.5877

JanuMarcMayJulySeptNove

VEF to CVE 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 18.3070, compared to 18.6118 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.3048 points.

H1 Avg (Jan–Jun) 18.3070

H2 Avg (Jul–Dec) 18.6118

Volatility Range Comparison

Volatility

The most volatile month in 2011 was October, with a trading range of 1.3693 CVE (High: 19.4782 / Low: 18.1090). On the other end, August was the most stable month, with a tight range of 0.4311 CVE (High: 18.1533 / Low: 17.7223).

October Spread (Volatile) ±1.3693

August Spread (Stable) ±0.4311

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 0.5789 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.5789

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2011: 19.2061) against the same month in 2010 (average: 23.7503), the exchange rate shifted by -4.5442 (-19.13%).

2011 Avg (January) 19.2061

2010 Avg (January) 23.7503

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	19.8979	18.7034	19.2061
February	19.1029	18.5588	18.8091
March	18.6410	18.0665	18.3402
April	18.1559	17.2559	17.7612
May	18.3126	17.2519	17.8785
June	18.2242	17.5227	17.8470
July	18.3716	17.6844	17.9762
August	18.1533	17.7223	17.9097
September	19.1171	17.9729	18.6285
October	19.4782	18.1090	18.7152
November	19.4076	18.5924	18.9447
December	19.8819	18.9789	19.4968