2011 BTN to CLP Historical Review

YEARLY HIGH

10.9889 CLP

YEARLY LOW

9.6796 CLP

YEARLY AVERAGE

10.3769 CLP

2011 BTN to CLP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the BTN to CLP exchange rate experienced significant fluctuation. The market reached its absolute peak on January 11, valuing the pair at 10.9889. Conversely, the yearly low was recorded on December 13, dropping to 9.6796.

This high-to-low spread represents a total annual volatility of 1.3094 CLP. From a start-to-finish perspective, comparing the January average rate of 10.7697 to the December average rate of 9.8503, the exchange rate registered a net change of -8.54% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 10.9889 was down 8.76% compared to the 2010 peak of 12.0445, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 54,945 CLP

2010 Average 55,865 CLP

Yearly Trough Low 48,398 CLP

Transaction Impact: A difference of 6,546.88 CLP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

10.8617

9.7584

JanuMarcMayJulySeptNove

BTN to CLP 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 10.5671, compared to 10.1867 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.3804 points.

H1 Avg (Jan–Jun) 10.5671

H2 Avg (Jul–Dec) 10.1867

Volatility Range Comparison

Volatility

The most volatile month in 2011 was October, with a trading range of 0.9304 CLP (High: 10.7957 / Low: 9.8653). On the other end, July was the most stable month, with a tight range of 0.1518 CLP (High: 10.4901 / Low: 10.3383).

October Spread (Volatile) ±0.9304

July Spread (Stable) ±0.1518

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2011. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.3300 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.3300

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2011: 10.7697) against the same month in 2010 (average: 10.9295), the exchange rate shifted by -0.1598 (-1.46%).

2011 Avg (January) 10.7697

2010 Avg (January) 10.9295

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	10.9889	10.4397	10.7697
February	10.5702	10.3564	10.4563
March	10.7845	10.5163	10.6706
April	10.7129	10.3559	10.6031
May	10.5218	10.3476	10.4199
June	10.5829	10.4177	10.4828
July	10.4901	10.3383	10.4177
August	10.4967	10.1009	10.2976
September	10.6312	10.0076	10.2047
October	10.7957	9.8653	10.3398
November	10.2172	9.7650	10.0098
December	10.0468	9.6796	9.8503