2011 GHS to TOP Historical Review

YEARLY HIGH

1.3489 TOP

YEARLY LOW

1.0385 TOP

YEARLY AVERAGE

1.1387 TOP

2011 GHS to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the GHS to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on February 18, valuing the pair at 1.3489. Conversely, the yearly low was recorded on December 13, dropping to 1.0385.

This high-to-low spread represents a total annual volatility of 0.3104 TOP. From a start-to-finish perspective, comparing the January average rate of 1.2379 to the December average rate of 1.0585, the exchange rate registered a net change of -14.50% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 1.3489 was down 5.63% compared to the 2010 peak of 1.4293, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 6,744 TOP

2010 Average 6,721 TOP

Yearly Trough Low 5,193 TOP

Transaction Impact: A difference of 1,551.80 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

1.2561

1.0378

JanuMarcMayJulySeptNove

GHS 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 1.2033, compared to 1.0742 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1292 points.

H1 Avg (Jan–Jun) 1.2033

H2 Avg (Jul–Dec) 1.0742

Volatility Range Comparison

Volatility

The most volatile month in 2011 was February, with a trading range of 0.1722 TOP (High: 1.3489 / Low: 1.1767). On the other end, March was the most stable month, with a tight range of 0.0169 TOP (High: 1.2277 / Low: 1.2108).

February Spread (Volatile) ±0.1722

March Spread (Stable) ±0.0169

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 April and May, when the average rate fell by 0.0446 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0446

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2011: 1.2320) against the same month in 2010 (average: 1.3487), the exchange rate shifted by -0.1167 (-8.65%).

2011 Avg (February) 1.2320

2010 Avg (February) 1.3487

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.2693	1.1831	1.2379
February	1.3489	1.1767	1.2320
March	1.2277	1.2108	1.2175
April	1.2386	1.1842	1.2144
May	1.1842	1.1568	1.1698
June	1.1608	1.1337	1.1483
July	1.1378	1.0699	1.1131
August	1.0865	1.0472	1.0740
September	1.0955	1.0645	1.0797
October	1.0858	1.0397	1.0638
November	1.0881	1.0391	1.0560
December	1.0711	1.0385	1.0585