2011 GIP to BAM Historical Review

YEARLY HIGH

2.3588 BAM

YEARLY LOW

2.1621 BAM

YEARLY AVERAGE

2.2560 BAM

2011 GIP to BAM Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the GIP to BAM exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 2.3588. Conversely, the yearly low was recorded on July 3, dropping to 2.1621.

This high-to-low spread represents a total annual volatility of 0.1967 BAM. From a start-to-finish perspective, comparing the January average rate of 2.3089 to the December average rate of 2.3191, the exchange rate registered a net change of 0.44% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 2.3588 was down 2.40% compared to the 2010 peak of 2.4168, 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 11,794 BAM

2010 Average 11,413 BAM

Yearly Trough Low 10,810 BAM

Transaction Impact: A difference of 983.55 BAM purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

2.3305

2.1941

JanuMarcMayJulySeptNove

GIP to BAM 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 2.2557, compared to 2.2564 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0007 points.

H1 Avg (Jan–Jun) 2.2557

H2 Avg (Jul–Dec) 2.2564

Volatility Range Comparison

Volatility

The most volatile month in 2011 was January, with a trading range of 0.0876 BAM (High: 2.3541 / Low: 2.2664). On the other end, November was the most stable month, with a tight range of 0.0379 BAM (High: 2.2972 / Low: 2.2592).

January Spread (Volatile) ±0.0876

November Spread (Stable) ±0.0379

Growth Streaks & Declines

Trends

Between June and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0556 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0556

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2011: 2.3191) against the same month in 2010 (average: 2.3094), the exchange rate shifted by +0.0097 (+0.42%).

2011 Avg (December) 2.3191

2010 Avg (December) 2.3094

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.3541	2.2664	2.3089
February	2.3392	2.2889	2.3125
March	2.3061	2.2201	2.2569
April	2.2375	2.1979	2.2180
May	2.2604	2.1761	2.2326
June	2.2331	2.1719	2.2055
July	2.2411	2.1621	2.2102
August	2.2552	2.2036	2.2336
September	2.2789	2.2122	2.2458
October	2.2829	2.2271	2.2488
November	2.2972	2.2592	2.2806
December	2.3588	2.2737	2.3191