2011 ETB to SZL Historical Review

YEARLY HIGH

0.5713 SZL

YEARLY LOW

0.3900 SZL

YEARLY AVERAGE

0.4610 SZL

2011 ETB to SZL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the ETB to SZL exchange rate experienced significant fluctuation. The market reached its absolute peak on February 15, valuing the pair at 0.5713. Conversely, the yearly low was recorded on May 2, dropping to 0.3900.

This high-to-low spread represents a total annual volatility of 0.1814 SZL. From a start-to-finish perspective, comparing the January average rate of 0.5432 to the December average rate of 0.4745, the exchange rate registered a net change of -12.64% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.5713 was down 20.35% compared to the 2010 peak of 0.7173, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,857 SZL

2010 Average 3,170 SZL

Yearly Trough Low 1,950 SZL

Transaction Impact: A difference of 906.82 SZL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.5795

0.3831

JanuMarcMayJulySeptNove

ETB to SZL 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 0.4788, compared to 0.4432 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0356 points.

H1 Avg (Jan–Jun) 0.4788

H2 Avg (Jul–Dec) 0.4432

Volatility Range Comparison

Volatility

The most volatile month in 2011 was April, with a trading range of 0.1369 SZL (High: 0.5283 / Low: 0.3914). On the other end, June was the most stable month, with a tight range of 0.0086 SZL (High: 0.4063 / Low: 0.3977).

April Spread (Volatile) ±0.1369

June Spread (Stable) ±0.0086

Growth Streaks & Declines

Trends

Between July and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.1242 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.1242

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2011: 0.5631) against the same month in 2010 (average: 0.7070), the exchange rate shifted by -0.1439 (-20.35%).

2011 Avg (February) 0.5631

2010 Avg (February) 0.7070

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5629	0.5193	0.5432
February	0.5713	0.5460	0.5631
March	0.5541	0.5337	0.5416
April	0.5283	0.3914	0.4174
May	0.4164	0.3900	0.4062
June	0.4063	0.3977	0.4014
July	0.4088	0.3939	0.3994
August	0.4259	0.3926	0.4152
September	0.4631	0.4102	0.4345
October	0.4727	0.4523	0.4617
November	0.4959	0.4601	0.4740
December	0.4876	0.4656	0.4745