2011 BND to TOP Historical Review

YEARLY HIGH

1.5045 TOP

YEARLY LOW

1.3020 TOP

YEARLY AVERAGE

1.3972 TOP

2011 BND to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the BND to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on April 25, valuing the pair at 1.5045. Conversely, the yearly low was recorded on November 16, dropping to 1.3020.

This high-to-low spread represents a total annual volatility of 0.2026 TOP. From a start-to-finish perspective, comparing the January average rate of 1.4451 to the December average rate of 1.3403, the exchange rate registered a net change of -7.25% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 1.5045 was up 0.46% compared to the 2010 peak of 1.4977, 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 7,523 TOP

2010 Average 7,067 TOP

Yearly Trough Low 6,510 TOP

Transaction Impact: A difference of 1,012.80 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

1.4825

1.3116

JanuMarcMayJulySeptNove

BND 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 1.4441, compared to 1.3503 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0939 points.

H1 Avg (Jan–Jun) 1.4441

H2 Avg (Jul–Dec) 1.3503

Volatility Range Comparison

Volatility

The most volatile month in 2011 was July, with a trading range of 0.0761 TOP (High: 1.4169 / Low: 1.3409). On the other end, February was the most stable month, with a tight range of 0.0141 TOP (High: 1.4582 / Low: 1.4441).

July Spread (Volatile) ±0.0761

February Spread (Stable) ±0.0141

Growth Streaks & Declines

Trends

Between January and April, 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 April and May, when the average rate fell by 0.0416 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0416

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2011: 1.4683) against the same month in 2010 (average: 1.3902), the exchange rate shifted by +0.0780 (+5.61%).

2011 Avg (April) 1.4683

2010 Avg (April) 1.3902

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.4667	1.4381	1.4451
February	1.4582	1.4441	1.4524
March	1.4773	1.4486	1.4629
April	1.5045	1.4508	1.4683
May	1.4512	1.4070	1.4267
June	1.4200	1.3900	1.4096
July	1.4169	1.3409	1.3849
August	1.3741	1.3247	1.3541
September	1.3878	1.3238	1.3525
October	1.3639	1.3143	1.3440
November	1.3727	1.3020	1.3258
December	1.3568	1.3066	1.3403