2011 ERN to BIF Historical Review

YEARLY HIGH

1320.2909 BIF

YEARLY LOW

1127.3277 BIF

YEARLY AVERAGE

1209.3651 BIF

2011 ERN to BIF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the ERN to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 13, valuing the pair at 1320.2909. Conversely, the yearly low was recorded on January 2, dropping to 1127.3277.

This high-to-low spread represents a total annual volatility of 192.9632 BIF. From a start-to-finish perspective, comparing the January average rate of 1134.9120 to the December average rate of 1288.4625, the exchange rate registered a net change of 13.53% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 1320.2909 was up 13.74% compared to the 2010 peak of 1160.7835, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 6,601,455 BIF

2010 Average 5,682,095 BIF

Yearly Trough Low 5,636,638 BIF

Transaction Impact: A difference of 964,816.16 BIF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

1303.8175

1119.5569

JanuMarcMayJulySeptNove

ERN 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 1179.2953, compared to 1239.4348 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 60.1395 points.

H1 Avg (Jan–Jun) 1179.2953

H2 Avg (Jul–Dec) 1239.4348

Volatility Range Comparison

Volatility

The most volatile month in 2011 was April, with a trading range of 97.4251 BIF (High: 1231.9686 / Low: 1134.5435). On the other end, October was the most stable month, with a tight range of 6.6947 BIF (High: 1232.6897 / Low: 1225.9949).

April Spread (Volatile) ±97.4251

October Spread (Stable) ±6.6947

Growth Streaks & Declines

Trends

Between March and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 9 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.6667 points.

Longest Streak 9 Mo.

Sharpest MoM Drop -0.6667

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2011: 1288.4625) against the same month in 2010 (average: 1134.2698), the exchange rate shifted by +154.1927 (+13.59%).

2011 Avg (December) 1288.4625

2010 Avg (December) 1134.2698

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1139.6811	1127.3277	1134.9120
February	1139.4192	1132.2632	1137.3029
March	1142.6583	1129.1512	1136.6362
April	1231.9686	1134.5435	1215.6115
May	1230.3199	1219.3595	1225.1208
June	1232.9133	1219.1956	1226.1884
July	1233.0353	1221.2351	1226.8777
August	1237.5609	1219.4494	1227.8287
September	1234.3498	1221.7386	1228.3913
October	1232.6897	1225.9949	1229.7576
November	1271.6383	1228.2880	1235.2911
December	1320.2909	1229.9104	1288.4625