2011 ZAR to CVE Historical Review

YEARLY HIGH

12.4962 CVE

YEARLY LOW

9.6695 CVE

YEARLY AVERAGE

10.9675 CVE

2011 ZAR to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the ZAR to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 12.4962. Conversely, the yearly low was recorded on November 23, dropping to 9.6695.

This high-to-low spread represents a total annual volatility of 2.8267 CVE. From a start-to-finish perspective, comparing the January average rate of 11.9205 to the December average rate of 10.2349, the exchange rate registered a net change of -14.14% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 12.4962 was down 0.68% compared to the 2010 peak of 12.5822, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 ZAR based on timing:

Yearly Peak High 624,810 CVE

2010 Average 569,494 CVE

Yearly Trough Low 483,473 CVE

Transaction Impact: A difference of 141,336.41 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

12.1137

9.7961

JanuMarcMayJulySeptNove

ZAR 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 11.4009, compared to 10.5340 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.8669 points.

H1 Avg (Jan–Jun) 11.4009

H2 Avg (Jul–Dec) 10.5340

Volatility Range Comparison

Volatility

The most volatile month in 2011 was January, with a trading range of 1.2882 CVE (High: 12.4962 / Low: 11.2080). On the other end, June was the most stable month, with a tight range of 0.2360 CVE (High: 11.4168 / Low: 11.1807).

January Spread (Volatile) ±1.2882

June Spread (Stable) ±0.2360

Growth Streaks & Declines

Trends

Between May and July, 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 January and February, when the average rate fell by 0.6713 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.6713

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2011: 11.9205) against the same month in 2010 (average: 10.3541), the exchange rate shifted by +1.5664 (+15.13%).

2011 Avg (January) 11.9205

2010 Avg (January) 10.3541

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	12.4962	11.2080	11.9205
February	11.4572	11.0787	11.2492
March	11.5828	11.1135	11.3967
April	11.5927	11.1429	11.3515
May	11.3770	11.0605	11.2003
June	11.4168	11.1807	11.2874
July	11.5738	11.1945	11.3885
August	11.5191	10.5629	10.8545
September	11.0233	9.8218	10.6251
October	10.3809	9.8061	10.1119
November	10.2436	9.6695	9.9893
December	10.5436	10.0615	10.2349