2011 AZN to TOP Historical Review

YEARLY HIGH

2.3675 TOP

YEARLY LOW

2.0482 TOP

YEARLY AVERAGE

2.2249 TOP

2011 AZN to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the AZN to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on January 13, valuing the pair at 2.3675. Conversely, the yearly low was recorded on August 10, dropping to 2.0482.

This high-to-low spread represents a total annual volatility of 0.3193 TOP. From a start-to-finish perspective, comparing the January average rate of 2.3346 to the December average rate of 2.2085, the exchange rate registered a net change of -5.40% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 2.3675 was down 4.27% compared to the 2010 peak of 2.4729, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 AZN based on timing:

Yearly Peak High 11,837 TOP

2010 Average 11,951 TOP

Yearly Trough Low 10,241 TOP

Transaction Impact: A difference of 1,596.48 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

2.3660

2.0583

JanuMarcMayJulySeptNove

AZN 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 2.2945, compared to 2.1554 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1391 points.

H1 Avg (Jan–Jun) 2.2945

H2 Avg (Jul–Dec) 2.1554

Volatility Range Comparison

Volatility

The most volatile month in 2011 was July, with a trading range of 0.1428 TOP (High: 2.1951 / Low: 2.0523). On the other end, February was the most stable month, with a tight range of 0.0069 TOP (High: 2.3361 / Low: 2.3292).

July Spread (Volatile) ±0.1428

February Spread (Stable) ±0.0069

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 0.0790 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0790

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2011: 2.3346) against the same month in 2010 (average: 2.3701), the exchange rate shifted by -0.0355 (-1.50%).

2011 Avg (January) 2.3346

2010 Avg (January) 2.3701

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.3675	2.3258	2.3346
February	2.3361	2.3292	2.3328
March	2.3503	2.3226	2.3404
April	2.3519	2.2468	2.3140
May	2.2468	2.2249	2.2350
June	2.2239	2.1894	2.2101
July	2.1951	2.0523	2.1439
August	2.1021	2.0482	2.0839
September	2.2125	2.0738	2.1388
October	2.2297	2.1442	2.1810
November	2.2704	2.1417	2.1763
December	2.2313	2.1744	2.2085