2011 BIF to MNT Historical Review

YEARLY HIGH

1.1167 MNT

YEARLY LOW

0.9744 MNT

YEARLY AVERAGE

1.0405 MNT

2011 BIF to MNT Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the BIF to MNT exchange rate experienced significant fluctuation. The market reached its absolute peak on January 10, valuing the pair at 1.1167. Conversely, the yearly low was recorded on April 13, dropping to 0.9744.

This high-to-low spread represents a total annual volatility of 0.1423 MNT. From a start-to-finish perspective, comparing the January average rate of 1.0968 to the December average rate of 1.0590, the exchange rate registered a net change of -3.44% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 1.1167 was down 13.68% compared to the 2010 peak of 1.2938, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 5,584 MNT

2010 Average 5,952 MNT

Yearly Trough Low 4,872 MNT

Transaction Impact: A difference of 711.64 MNT purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

1.1070

0.9903

JanuMarcMayJulySeptNove

BIF to MNT 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 1.0494, compared to 1.0316 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0178 points.

H1 Avg (Jan–Jun) 1.0494

H2 Avg (Jul–Dec) 1.0316

Volatility Range Comparison

Volatility

The most volatile month in 2011 was April, with a trading range of 0.0763 MNT (High: 1.0508 / Low: 0.9744). On the other end, February was the most stable month, with a tight range of 0.0153 MNT (High: 1.1061 / Low: 1.0909).

April Spread (Volatile) ±0.0763

February Spread (Stable) ±0.0153

Growth Streaks & Declines

Trends

Between August and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0771 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0771

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2011: 1.0968) against the same month in 2010 (average: 1.2722), the exchange rate shifted by -0.1755 (-13.79%).

2011 Avg (January) 1.0968

2010 Avg (January) 1.2722

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.1167	1.0858	1.0968
February	1.1061	1.0909	1.0972
March	1.1023	1.0466	1.0771
April	1.0508	0.9744	1.0000
May	1.0341	0.9838	1.0036
June	1.0329	1.0087	1.0215
July	1.0232	1.0054	1.0133
August	1.0172	0.9881	1.0013
September	1.0295	1.0108	1.0204
October	1.0561	1.0242	1.0410
November	1.0845	1.0401	1.0547
December	1.0863	1.0281	1.0590