2011 CDF to BIF Historical Review

YEARLY HIGH

1.4683 BIF

YEARLY LOW

1.2335 BIF

YEARLY AVERAGE

1.3269 BIF

2011 CDF to BIF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the CDF to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 13, valuing the pair at 1.4683. Conversely, the yearly low was recorded on March 6, dropping to 1.2335.

This high-to-low spread represents a total annual volatility of 0.2348 BIF. From a start-to-finish perspective, comparing the January average rate of 1.2518 to the December average rate of 1.4244, the exchange rate registered a net change of 13.79% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 1.4683 was up 11.09% compared to the 2010 peak of 1.3217, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 7,342 BIF

2010 Average 6,346 BIF

Yearly Trough Low 6,167 BIF

Transaction Impact: A difference of 1,174.14 BIF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

1.4426

1.2244

JanuMarcMayJulySeptNove

CDF to BIF 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 1.2942, compared to 1.3595 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0653 points.

H1 Avg (Jan–Jun) 1.2942

H2 Avg (Jul–Dec) 1.3595

Volatility Range Comparison

Volatility

The most volatile month in 2011 was December, with a trading range of 0.1090 BIF (High: 1.4683 / Low: 1.3593). On the other end, May was the most stable month, with a tight range of 0.0135 BIF (High: 1.3497 / Low: 1.3362).

December Spread (Volatile) ±0.1090

May Spread (Stable) ±0.0135

Growth Streaks & Declines

Trends

Between February and June, 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 January and February, when the average rate fell by 0.0093 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0093

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2011: 1.4244) against the same month in 2010 (average: 1.2613), the exchange rate shifted by +0.1631 (+12.93%).

2011 Avg (December) 1.4244

2010 Avg (December) 1.2613

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.2706	1.2429	1.2518
February	1.2518	1.2365	1.2425
March	1.2529	1.2335	1.2448
April	1.3504	1.2498	1.3339
May	1.3497	1.3362	1.3416
June	1.3618	1.3358	1.3506
July	1.3539	1.3292	1.3451
August	1.3614	1.3344	1.3473
September	1.3488	1.3291	1.3412
October	1.3552	1.3290	1.3424
November	1.4048	1.3433	1.3568
December	1.4683	1.3593	1.4244