2011 GIP to BGN Historical Review

YEARLY HIGH

2.3520 BGN

YEARLY LOW

2.1611 BGN

YEARLY AVERAGE

2.2544 BGN

2011 GIP to BGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the GIP to BGN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 12, valuing the pair at 2.3520. Conversely, the yearly low was recorded on July 1, dropping to 2.1611.

This high-to-low spread represents a total annual volatility of 0.1909 BGN. From a start-to-finish perspective, comparing the January average rate of 2.3066 to the December average rate of 2.3188, the exchange rate registered a net change of 0.53% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 2.3520 was down 2.54% compared to the 2010 peak of 2.4134, 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 11,760 BGN

2010 Average 11,403 BGN

Yearly Trough Low 10,806 BGN

Transaction Impact: A difference of 954.46 BGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

2.3302

2.1930

JanuMarcMayJulySeptNove

GIP to BGN 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 2.2535, compared to 2.2553 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0017 points.

H1 Avg (Jan–Jun) 2.2535

H2 Avg (Jul–Dec) 2.2553

Volatility Range Comparison

Volatility

The most volatile month in 2011 was March, with a trading range of 0.0937 BGN (High: 2.3069 / Low: 2.2132). On the other end, November was the most stable month, with a tight range of 0.0316 BGN (High: 2.2926 / Low: 2.2610).

March Spread (Volatile) ±0.0937

November Spread (Stable) ±0.0316

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 0.0543 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0543

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2011: 2.3066) against the same month in 2010 (average: 2.2164), the exchange rate shifted by +0.0901 (+4.07%).

2011 Avg (January) 2.3066

2010 Avg (January) 2.2164

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.3520	2.2656	2.3066
February	2.3353	2.2867	2.3105
March	2.3069	2.2132	2.2562
April	2.2407	2.1934	2.2155
May	2.2563	2.1734	2.2280
June	2.2345	2.1670	2.2044
July	2.2400	2.1611	2.2093
August	2.2505	2.2083	2.2320
September	2.2738	2.2195	2.2434
October	2.2835	2.2242	2.2470
November	2.2926	2.2610	2.2811
December	2.3517	2.2759	2.3188