2011 ETB to TOP Historical Review

YEARLY HIGH

0.1483 TOP

YEARLY LOW

0.0941 TOP

YEARLY AVERAGE

0.1127 TOP

2011 ETB to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the ETB to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on January 13, valuing the pair at 0.1483. Conversely, the yearly low was recorded on August 4, dropping to 0.0941.

This high-to-low spread represents a total annual volatility of 0.0542 TOP. From a start-to-finish perspective, comparing the January average rate of 0.1462 to the December average rate of 0.1006, the exchange rate registered a net change of -31.16% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.1483 was down 18.48% compared to the 2010 peak of 0.1819, 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 742 TOP

2010 Average 833 TOP

Yearly Trough Low 470 TOP

Transaction Impact: A difference of 271.11 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.1512

0.0910

JanuMarcMayJulySeptNove

ETB 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 0.1264, compared to 0.0990 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0274 points.

H1 Avg (Jan–Jun) 0.1264

H2 Avg (Jul–Dec) 0.0990

Volatility Range Comparison

Volatility

The most volatile month in 2011 was April, with a trading range of 0.0396 TOP (High: 0.1452 / Low: 0.1056). On the other end, February was the most stable month, with a tight range of 0.0006 TOP (High: 0.1457 / Low: 0.1451).

April Spread (Volatile) ±0.0396

February Spread (Stable) ±0.0006

Growth Streaks & Declines

Trends

Between August and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0316 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0316

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2011: 0.1462) against the same month in 2010 (average: 0.1765), the exchange rate shifted by -0.0303 (-17.18%).

2011 Avg (January) 0.1462

2010 Avg (January) 0.1765

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1483	0.1455	0.1462
February	0.1457	0.1451	0.1454
March	0.1457	0.1442	0.1452
April	0.1452	0.1056	0.1136
May	0.1057	0.1039	0.1049
June	0.1036	0.1015	0.1030
July	0.1016	0.0949	0.0992
August	0.0969	0.0941	0.0961
September	0.1017	0.0955	0.0983
October	0.1024	0.0984	0.1002
November	0.1036	0.0980	0.0996
December	0.1017	0.0990	0.1006