2011 VEF to HNL Historical Review

YEARLY HIGH

4.4263 HNL

YEARLY LOW

4.3461 HNL

YEARLY AVERAGE

4.4017 HNL

2011 VEF to HNL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the VEF to HNL exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 4.4263. Conversely, the yearly low was recorded on August 15, dropping to 4.3461.

This high-to-low spread represents a total annual volatility of 0.0803 HNL. From a start-to-finish perspective, comparing the January average rate of 4.4034 to the December average rate of 4.4134, the exchange rate registered a net change of 0.23% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 4.4263 was down 49.77% compared to the 2010 peak of 8.8122, 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 22,132 HNL

2010 Average 22,621 HNL

Yearly Trough Low 21,730 HNL

Transaction Impact: A difference of 401.26 HNL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

4.4168

4.3758

JanuMarcMayJulySeptNove

VEF to HNL 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 4.4027, compared to 4.4007 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0020 points.

H1 Avg (Jan–Jun) 4.4027

H2 Avg (Jul–Dec) 4.4007

Volatility Range Comparison

Volatility

The most volatile month in 2011 was August, with a trading range of 0.0519 HNL (High: 4.3979 / Low: 4.3461). On the other end, January was the most stable month, with a tight range of 0.0055 HNL (High: 4.4055 / Low: 4.4000).

August Spread (Volatile) ±0.0519

January Spread (Stable) ±0.0055

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 July and August, when the average rate fell by 0.0209 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0209

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2011: 4.4134) against the same month in 2010 (average: 4.4037), the exchange rate shifted by +0.0097 (+0.22%).

2011 Avg (December) 4.4134

2010 Avg (December) 4.4037

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	4.4055	4.4000	4.4034
February	4.4055	4.3960	4.4029
March	4.4092	4.3964	4.4022
April	4.4055	4.3973	4.4024
May	4.4055	4.3974	4.4028
June	4.4055	4.3957	4.4027
July	4.4076	4.3837	4.4002
August	4.3979	4.3461	4.3792
September	4.4030	4.3799	4.3940
October	4.4193	4.3962	4.4076
November	4.4188	4.3927	4.4100
December	4.4263	4.4025	4.4134