2011 GIP to AZN Historical Review

YEARLY HIGH

1.3200 AZN

YEARLY LOW

1.2042 AZN

YEARLY AVERAGE

1.2655 AZN

2011 GIP to AZN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the GIP to AZN exchange rate experienced significant fluctuation. The market reached its absolute peak on May 2, valuing the pair at 1.3200. Conversely, the yearly low was recorded on October 6, dropping to 1.2042.

This high-to-low spread represents a total annual volatility of 0.1158 AZN. From a start-to-finish perspective, comparing the January average rate of 1.2560 to the December average rate of 1.2272, the exchange rate registered a net change of -2.29% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 1.3200 was up 0.68% compared to the 2010 peak of 1.3111, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 6,600 AZN

2010 Average 6,227 AZN

Yearly Trough Low 6,021 AZN

Transaction Impact: A difference of 579.23 AZN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

1.3025

1.2204

JanuMarcMayJulySeptNove

GIP to AZN 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 1.2803, compared to 1.2507 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0296 points.

H1 Avg (Jan–Jun) 1.2803

H2 Avg (Jul–Dec) 1.2507

Volatility Range Comparison

Volatility

The most volatile month in 2011 was September, with a trading range of 0.0639 AZN (High: 1.2742 / Low: 1.2103). On the other end, February was the most stable month, with a tight range of 0.0187 AZN (High: 1.2895 / Low: 1.2708).

September Spread (Volatile) ±0.0639

February Spread (Stable) ±0.0187

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 August and September, when the average rate fell by 0.0429 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0429

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2011: 1.2919) against the same month in 2010 (average: 1.2279), the exchange rate shifted by +0.0640 (+5.21%).

2011 Avg (May) 1.2919

2010 Avg (May) 1.2279

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.2763	1.2323	1.2560
February	1.2895	1.2708	1.2811
March	1.2983	1.2651	1.2802
April	1.3183	1.2707	1.2956
May	1.3200	1.2726	1.2919
June	1.2960	1.2542	1.2767
July	1.2888	1.2442	1.2678
August	1.2997	1.2702	1.2854
September	1.2742	1.2103	1.2425
October	1.2655	1.2042	1.2391
November	1.2615	1.2150	1.2421
December	1.2364	1.2122	1.2272