2011 BAM to BRL Historical Review

YEARLY HIGH

1.2972 BRL

YEARLY LOW

1.1162 BRL

YEARLY AVERAGE

1.1882 BRL

2011 BAM to BRL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the BAM to BRL exchange rate experienced significant fluctuation. The market reached its absolute peak on September 24, valuing the pair at 1.2972. Conversely, the yearly low was recorded on January 7, dropping to 1.1162.

This high-to-low spread represents a total annual volatility of 0.1811 BRL. From a start-to-finish perspective, comparing the January average rate of 1.1439 to the December average rate of 1.2359, the exchange rate registered a net change of 8.04% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 1.2972 was down 2.43% compared to the 2010 peak of 1.3295, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 6,486 BRL

2010 Average 5,962 BRL

Yearly Trough Low 5,581 BRL

Transaction Impact: A difference of 905.26 BRL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

1.2504

1.1308

JanuMarcMayJulySeptNove

BAM to BRL 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 1.1683, compared to 1.2082 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0399 points.

H1 Avg (Jan–Jun) 1.1683

H2 Avg (Jul–Dec) 1.2082

Volatility Range Comparison

Volatility

The most volatile month in 2011 was September, with a trading range of 0.1237 BRL (High: 1.2972 / Low: 1.1735). On the other end, December was the most stable month, with a tight range of 0.0176 BRL (High: 1.2433 / Low: 1.2257).

September Spread (Volatile) ±0.1237

December Spread (Stable) ±0.0176

Growth Streaks & Declines

Trends

Between July and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0265 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0265

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2011: 1.2229) against the same month in 2010 (average: 1.1478), the exchange rate shifted by +0.0751 (+6.55%).

2011 Avg (September) 1.2229

2010 Avg (September) 1.1478

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.1728	1.1162	1.1439
February	1.1728	1.1471	1.1621
March	1.2079	1.1728	1.1866
April	1.1940	1.1561	1.1688
May	1.2241	1.1621	1.1810
June	1.1810	1.1532	1.1673
July	1.1551	1.1279	1.1408
August	1.1871	1.1361	1.1703
September	1.2972	1.1735	1.2229
October	1.2823	1.2089	1.2404
November	1.2809	1.2160	1.2389
December	1.2433	1.2257	1.2359