2011 CLP to TOP Historical Review

YEARLY HIGH

0.0040 TOP

YEARLY LOW

0.0032 TOP

YEARLY AVERAGE

0.0036 TOP

2011 CLP to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the CLP to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 0.0040. Conversely, the yearly low was recorded on October 4, dropping to 0.0032.

This high-to-low spread represents a total annual volatility of 0.0008 TOP. From a start-to-finish perspective, comparing the January average rate of 0.0038 to the December average rate of 0.0034, the exchange rate registered a net change of -11.74% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.0040 was down 0.44% compared to the 2010 peak of 0.0040, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 1,000,000 CLP based on timing:

Yearly Peak High 4,003 TOP

2010 Average 3,777 TOP

Yearly Trough Low 3,228 TOP

Transaction Impact: A difference of 775.79 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.0040

0.0033

JanuMarcMayJulySeptNove

CLP 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 0.0038, compared to 0.0035 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0004 points.

H1 Avg (Jan–Jun) 0.0038

H2 Avg (Jul–Dec) 0.0035

Volatility Range Comparison

Volatility

The most volatile month in 2011 was September, with a trading range of 0.0004 TOP (High: 0.0036 / Low: 0.0032). On the other end, March was the most stable month, with a tight range of 0.0001 TOP (High: 0.0039 / Low: 0.0038).

September Spread (Volatile) ±0.0004

March Spread (Stable) ±0.0001

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 July and August, when the average rate fell by 0.0001 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0001

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2011: 0.0038) against the same month in 2010 (average: 0.0038), the exchange rate shifted by +0.0000 (+0.56%).

2011 Avg (January) 0.0038

2010 Avg (January) 0.0038

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0040	0.0037	0.0038
February	0.0040	0.0039	0.0039
March	0.0039	0.0038	0.0039
April	0.0040	0.0038	0.0039
May	0.0039	0.0037	0.0038
June	0.0037	0.0036	0.0037
July	0.0037	0.0035	0.0036
August	0.0035	0.0034	0.0035
September	0.0036	0.0032	0.0035
October	0.0035	0.0032	0.0034
November	0.0034	0.0033	0.0034
December	0.0034	0.0033	0.0034