2011 VEF to TOP Historical Review

YEARLY HIGH

0.4394 TOP

YEARLY LOW

0.3747 TOP

YEARLY AVERAGE

0.4088 TOP

2011 VEF to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the VEF to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on January 13, valuing the pair at 0.4394. Conversely, the yearly low was recorded on August 10, dropping to 0.3747.

This high-to-low spread represents a total annual volatility of 0.0647 TOP. From a start-to-finish perspective, comparing the January average rate of 0.4330 to the December average rate of 0.4042, the exchange rate registered a net change of -6.66% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.4394 was down 51.23% compared to the 2010 peak of 0.9008, 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 2,197 TOP

2010 Average 2,302 TOP

Yearly Trough Low 1,873 TOP

Transaction Impact: A difference of 323.44 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.4382

0.3761

JanuMarcMayJulySeptNove

VEF to TOP 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 0.4232, compared to 0.3944 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0287 points.

H1 Avg (Jan–Jun) 0.4232

H2 Avg (Jul–Dec) 0.3944

Volatility Range Comparison

Volatility

The most volatile month in 2011 was September, with a trading range of 0.0259 TOP (High: 0.4049 / Low: 0.3791). On the other end, February was the most stable month, with a tight range of 0.0015 TOP (High: 0.4324 / Low: 0.4310).

September Spread (Volatile) ±0.0259

February Spread (Stable) ±0.0015

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 April and May, when the average rate fell by 0.0153 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0153

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2011: 0.4330) against the same month in 2010 (average: 0.5850), the exchange rate shifted by -0.1520 (-25.98%).

2011 Avg (January) 0.4330

2010 Avg (January) 0.5850

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4394	0.4310	0.4330
February	0.4324	0.4310	0.4315
March	0.4339	0.4289	0.4320
April	0.4336	0.4134	0.4263
May	0.4134	0.4087	0.4109
June	0.4075	0.4008	0.4052
July	0.4015	0.3757	0.3923
August	0.3847	0.3747	0.3813
September	0.4049	0.3791	0.3913
October	0.4082	0.3923	0.3991
November	0.4153	0.3920	0.3982
December	0.4085	0.3978	0.4042