2011 ZAR to VEF Historical Review

YEARLY HIGH

0.6534 VEF

YEARLY LOW

0.5022 VEF

YEARLY AVERAGE

0.5951 VEF

2011 ZAR to VEF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the ZAR to VEF exchange rate experienced significant fluctuation. The market reached its absolute peak on April 30, valuing the pair at 0.6534. Conversely, the yearly low was recorded on November 26, dropping to 0.5022.

This high-to-low spread represents a total annual volatility of 0.1513 VEF. From a start-to-finish perspective, comparing the January average rate of 0.6205 to the December average rate of 0.5250, the exchange rate registered a net change of -15.38% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.6534 was up 0.71% compared to the 2010 peak of 0.6488, 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 32,671 VEF

2010 Average 29,001 VEF

Yearly Trough Low 25,108 VEF

Transaction Impact: A difference of 7,563.43 VEF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.6506

0.5136

JanuMarcMayJulySeptNove

ZAR to VEF 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 0.6231, compared to 0.5672 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0558 points.

H1 Avg (Jan–Jun) 0.6231

H2 Avg (Jul–Dec) 0.5672

Volatility Range Comparison

Volatility

The most volatile month in 2011 was September, with a trading range of 0.0985 VEF (High: 0.6129 / Low: 0.5144). On the other end, June was the most stable month, with a tight range of 0.0163 VEF (High: 0.6398 / Low: 0.6236).

September Spread (Volatile) ±0.0985

June Spread (Stable) ±0.0163

Growth Streaks & Declines

Trends

Between February and April, 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 August and September, when the average rate fell by 0.0351 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0351

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2011: 0.6392) against the same month in 2010 (average: 0.5847), the exchange rate shifted by +0.0545 (+9.32%).

2011 Avg (April) 0.6392

2010 Avg (April) 0.5847

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6497	0.5977	0.6205
February	0.6168	0.5876	0.5981
March	0.6333	0.6062	0.6214
April	0.6534	0.6257	0.6392
May	0.6534	0.6097	0.6267
June	0.6398	0.6236	0.6325
July	0.6446	0.6147	0.6336
August	0.6415	0.5912	0.6060
September	0.6129	0.5144	0.5709
October	0.5564	0.5175	0.5404
November	0.5462	0.5022	0.5275
December	0.5366	0.5116	0.5250