2011 VEF to MDL Historical Review

YEARLY HIGH

2.8931 MDL

YEARLY LOW

2.6139 MDL

YEARLY AVERAGE

2.7261 MDL

2011 VEF to MDL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the VEF to MDL exchange rate experienced significant fluctuation. The market reached its absolute peak on January 13, valuing the pair at 2.8931. Conversely, the yearly low was recorded on August 29, dropping to 2.6139.

This high-to-low spread represents a total annual volatility of 0.2793 MDL. From a start-to-finish perspective, comparing the January average rate of 2.8341 to the December average rate of 2.7356, the exchange rate registered a net change of -3.48% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 2.8931 was down 49.16% compared to the 2010 peak of 5.6907, 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 14,466 MDL

2010 Average 14,790 MDL

Yearly Trough Low 13,069 MDL

Transaction Impact: A difference of 1,396.32 MDL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

2.8532

2.6244

JanuMarcMayJulySeptNove

VEF to MDL 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 2.7500, compared to 2.7022 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0478 points.

H1 Avg (Jan–Jun) 2.7500

H2 Avg (Jul–Dec) 2.7022

Volatility Range Comparison

Volatility

The most volatile month in 2011 was September, with a trading range of 0.1569 MDL (High: 2.7787 / Low: 2.6218). On the other end, March was the most stable month, with a tight range of 0.0387 MDL (High: 2.8000 / Low: 2.7613).

September Spread (Volatile) ±0.1569

March Spread (Stable) ±0.0387

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 0.0730 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0730

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2011: 2.8341) against the same month in 2010 (average: 3.8003), the exchange rate shifted by -0.9662 (-25.42%).

2011 Avg (January) 2.8341

2010 Avg (January) 3.8003

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.8931	2.7680	2.8341
February	2.8155	2.7743	2.7910
March	2.8000	2.7613	2.7815
April	2.7753	2.6605	2.7085
May	2.7616	2.6396	2.6970
June	2.7421	2.6369	2.6879
July	2.7081	2.6437	2.6764
August	2.6678	2.6139	2.6434
September	2.7787	2.6218	2.7043
October	2.7934	2.6624	2.7233
November	2.7729	2.6964	2.7300
December	2.7600	2.7127	2.7356