VOL-uh-tile
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The way I understand it your statement is correct. It is not where the team finishes but where they are ranked at the time you actually play them. The way stats are these days and with all the computers being used to track everything, the other way makes as much since, and somebody somewhere probably has that data.
The best source for any sort of ranking/ h2h matchup is Phil Steele. He takes EVERYTHING into account.