2012 GIP to TOP Historical Review

YEARLY HIGH

2.8461 TOP

YEARLY LOW

2.6265 TOP

YEARLY AVERAGE

2.7563 TOP

2012 GIP to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2012

During 2012, the GIP to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on July 16, valuing the pair at 2.8461. Conversely, the yearly low was recorded on March 12, dropping to 2.6265.

This high-to-low spread represents a total annual volatility of 0.2195 TOP. From a start-to-finish perspective, comparing the January average rate of 2.7010 to the December average rate of 2.7936, the exchange rate registered a net change of 3.43% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2012 high of 2.8461 was down 7.39% compared to the 2011 peak of 3.0732, 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 14,230 TOP

2011 Average 14,074 TOP

Yearly Trough Low 13,133 TOP

Transaction Impact: A difference of 1,097.61 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2012.

2.8157

2.6565

JanuMarcMayJulySeptNove

GIP 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 2.7237, compared to 2.7888 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0651 points.

H1 Avg (Jan–Jun) 2.7237

H2 Avg (Jul–Dec) 2.7888

Volatility Range Comparison

Volatility

The most volatile month in 2012 was May, with a trading range of 0.1380 TOP (High: 2.8445 / Low: 2.7066). On the other end, December was the most stable month, with a tight range of 0.0420 TOP (High: 2.8223 / Low: 2.7803).

May Spread (Volatile) ±0.1380

December Spread (Stable) ±0.0420

Growth Streaks & Declines

Trends

Between March and May, 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 July and August, when the average rate fell by 0.0279 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0279

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2012: 2.8024) against the same month in 2011 (average: 2.7176), the exchange rate shifted by +0.0848 (+3.12%).

2012 Avg (July) 2.8024

2011 Avg (July) 2.7176

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.7385	2.6737	2.7010
February	2.7079	2.6325	2.6761
March	2.7010	2.6265	2.6698
April	2.7747	2.6857	2.7229
May	2.8445	2.7066	2.7941
June	2.8057	2.7550	2.7786
July	2.8461	2.7601	2.8024
August	2.7931	2.7451	2.7745
September	2.8262	2.7637	2.7956
October	2.8252	2.7661	2.7916
November	2.8448	2.7213	2.7752
December	2.8223	2.7803	2.7936