2011 BND to ETB Historical Review

YEARLY HIGH

14.1894 ETB

YEARLY LOW

9.8012 ETB

YEARLY AVERAGE

12.6804 ETB

2011 BND to ETB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the BND to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on August 17, valuing the pair at 14.1894. Conversely, the yearly low was recorded on January 10, dropping to 9.8012.

This high-to-low spread represents a total annual volatility of 4.3882 ETB. From a start-to-finish perspective, comparing the January average rate of 9.8845 to the December average rate of 13.3184, the exchange rate registered a net change of 34.74% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 14.1894 was up 43.54% compared to the 2010 peak of 9.8855, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 70,947 ETB

2010 Average 42,713 ETB

Yearly Trough Low 49,006 ETB

Transaction Impact: A difference of 21,940.98 ETB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

14.5179

9.4633

JanuMarcMayJulySeptNove

BND to ETB 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 11.7161, compared to 13.6448 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.9286 points.

H1 Avg (Jan–Jun) 11.7161

H2 Avg (Jul–Dec) 13.6448

Volatility Range Comparison

Volatility

The most volatile month in 2011 was April, with a trading range of 3.6199 ETB (High: 13.7530 / Low: 10.1331). On the other end, February was the most stable month, with a tight range of 0.1119 ETB (High: 10.0468 / Low: 9.9350).

April Spread (Volatile) ±3.6199

February Spread (Stable) ±0.1119

Growth Streaks & Declines

Trends

Between January and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.3397 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.3397

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2011: 14.0967) against the same month in 2010 (average: 8.2890), the exchange rate shifted by +5.8076 (+70.06%).

2011 Avg (August) 14.0967

2010 Avg (August) 8.2890

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	9.9400	9.8012	9.8845
February	10.0468	9.9350	9.9924
March	10.1519	9.9887	10.0781
April	13.7530	10.1331	13.0488
May	13.7668	13.4595	13.6033
June	13.7996	13.6326	13.6895
July	14.1491	13.7669	13.9625
August	14.1894	13.9781	14.0967
September	14.1790	13.3429	13.7588
October	13.7529	13.0631	13.4191
November	13.5708	13.1060	13.3132
December	13.4501	13.1733	13.3184