2011 GNF to IRR Historical Review

YEARLY HIGH

1.7456 IRR

YEARLY LOW

1.3275 IRR

YEARLY AVERAGE

1.5238 IRR

2011 GNF to IRR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the GNF to IRR exchange rate experienced significant fluctuation. The market reached its absolute peak on June 14, valuing the pair at 1.7456. Conversely, the yearly low was recorded on November 20, dropping to 1.3275.

This high-to-low spread represents a total annual volatility of 0.4181 IRR. From a start-to-finish perspective, comparing the January average rate of 1.4376 to the December average rate of 1.5605, the exchange rate registered a net change of 8.55% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 1.7456 was down 12.75% compared to the 2010 peak of 2.0007, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 GNF based on timing:

Yearly Peak High 8,728 IRR

2010 Average 9,167 IRR

Yearly Trough Low 6,637 IRR

Transaction Impact: A difference of 2,090.42 IRR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

1.6551

1.3829

JanuMarcMayJulySeptNove

GNF to IRR 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 1.4829, compared to 1.5646 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0817 points.

H1 Avg (Jan–Jun) 1.4829

H2 Avg (Jul–Dec) 1.5646

Volatility Range Comparison

Volatility

The most volatile month in 2011 was November, with a trading range of 0.3110 IRR (High: 1.6385 / Low: 1.3275). On the other end, April was the most stable month, with a tight range of 0.0201 IRR (High: 1.4897 / Low: 1.4696).

November Spread (Volatile) ±0.3110

April Spread (Stable) ±0.0201

Growth Streaks & Declines

Trends

Between February and June, 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 October and November, when the average rate fell by 0.1008 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.1008

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2011: 1.6324) against the same month in 2010 (average: 1.9847), the exchange rate shifted by -0.3522 (-17.75%).

2011 Avg (June) 1.6324

2010 Avg (June) 1.9847

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.4946	1.3631	1.4376
February	1.4313	1.3457	1.4056
March	1.4772	1.3506	1.4487
April	1.4897	1.4696	1.4789
May	1.5994	1.4564	1.4943
June	1.7456	1.5784	1.6324
July	1.5944	1.5710	1.5850
August	1.6105	1.5064	1.5747
September	1.6578	1.5751	1.6177
October	1.6130	1.5382	1.5752
November	1.6385	1.3275	1.4744
December	1.6270	1.3432	1.5605