2011 GIP to TRY Historical Review

YEARLY HIGH

2.9860 TRY

YEARLY LOW

2.3931 TRY

YEARLY AVERAGE

2.6907 TRY

2011 GIP to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the GIP to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 2.9860. Conversely, the yearly low was recorded on January 2, dropping to 2.3931.

This high-to-low spread represents a total annual volatility of 0.5929 TRY. From a start-to-finish perspective, comparing the January average rate of 2.4695 to the December average rate of 2.9191, the exchange rate registered a net change of 18.21% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 2.9860 was up 22.51% compared to the 2010 peak of 2.4374, 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 14,930 TRY

2010 Average 11,641 TRY

Yearly Trough Low 11,966 TRY

Transaction Impact: A difference of 2,964.36 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

2.9641

2.4245

JanuMarcMayJulySeptNove

GIP to TRY 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 2.5405, compared to 2.8409 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.3005 points.

H1 Avg (Jan–Jun) 2.5405

H2 Avg (Jul–Dec) 2.8409

Volatility Range Comparison

Volatility

The most volatile month in 2011 was July, with a trading range of 0.2262 TRY (High: 2.8028 / Low: 2.5767). On the other end, June was the most stable month, with a tight range of 0.0537 TRY (High: 2.6232 / Low: 2.5695).

July Spread (Volatile) ±0.2262

June Spread (Stable) ±0.0537

Growth Streaks & Declines

Trends

Between April and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0606 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0606

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2011: 2.9191) against the same month in 2010 (average: 2.3753), the exchange rate shifted by +0.5439 (+22.90%).

2011 Avg (December) 2.9191

2010 Avg (December) 2.3753

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.5531	2.3931	2.4695
February	2.5997	2.5335	2.5625
March	2.6365	2.4830	2.5498
April	2.5322	2.4594	2.4892
May	2.6415	2.5245	2.5760
June	2.6232	2.5695	2.5957
July	2.8028	2.5767	2.6713
August	2.9567	2.7502	2.8723
September	2.8976	2.7913	2.8374
October	2.9387	2.8090	2.8813
November	2.9147	2.8147	2.8641
December	2.9860	2.8594	2.9191