2011 GIP to ZAR Historical Review

YEARLY HIGH

13.2548 ZAR

YEARLY LOW

10.2444 ZAR

YEARLY AVERAGE

11.6280 ZAR

2011 GIP to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the GIP to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on November 23, valuing the pair at 13.2548. Conversely, the yearly low was recorded on January 3, dropping to 10.2444.

This high-to-low spread represents a total annual volatility of 3.0104 ZAR. From a start-to-finish perspective, comparing the January average rate of 10.9228 to the December average rate of 12.7748, the exchange rate registered a net change of 16.95% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 13.2548 was up 7.66% compared to the 2010 peak of 12.3123, 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 66,274 ZAR

2010 Average 56,520 ZAR

Yearly Trough Low 51,222 ZAR

Transaction Impact: A difference of 15,051.86 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

13.0703

10.7276

JanuMarcMayJulySeptNove

GIP to ZAR 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 11.1494, compared to 12.1065 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.9571 points.

H1 Avg (Jan–Jun) 11.1494

H2 Avg (Jul–Dec) 12.1065

Volatility Range Comparison

Volatility

The most volatile month in 2011 was September, with a trading range of 1.5094 ZAR (High: 12.8690 / Low: 11.3596). On the other end, June was the most stable month, with a tight range of 0.2760 ZAR (High: 11.1480 / Low: 10.8720).

September Spread (Volatile) ±1.5094

June Spread (Stable) ±0.2760

Growth Streaks & Declines

Trends

Between July and November, 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 February and March, when the average rate fell by 0.4179 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.4179

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2011: 12.8750) against the same month in 2010 (average: 11.1458), the exchange rate shifted by +1.7293 (+15.51%).

2011 Avg (November) 12.8750

2010 Avg (November) 11.1458

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	11.4274	10.2444	10.9228
February	11.7816	11.2520	11.5805
March	11.4375	10.9019	11.1627
April	11.1963	10.7900	11.0047
May	11.4276	10.9263	11.2151
June	11.1480	10.8720	11.0104
July	11.2381	10.6660	10.9376
August	11.9013	10.9723	11.5993
September	12.8690	11.3596	11.9226
October	12.8572	12.2538	12.5297
November	13.2548	12.5762	12.8750
December	13.0110	12.5207	12.7748