2011 GNF to MRO Historical Review

YEARLY HIGH

0.0440 MRO

YEARLY LOW

0.0360 MRO

YEARLY AVERAGE

0.0405 MRO

2011 GNF to MRO Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the GNF to MRO exchange rate experienced significant fluctuation. The market reached its absolute peak on September 8, valuing the pair at 0.0440. Conversely, the yearly low was recorded on February 6, dropping to 0.0360.

This high-to-low spread represents a total annual volatility of 0.0080 MRO. From a start-to-finish perspective, comparing the January average rate of 0.0388 to the December average rate of 0.0413, the exchange rate registered a net change of 6.42% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.0440 was down 22.04% compared to the 2010 peak of 0.0565, 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 220 MRO

2010 Average 249 MRO

Yearly Trough Low 180 MRO

Transaction Impact: A difference of 40.01 MRO purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.0430

0.0379

JanuMarcMayJulySeptNove

GNF to MRO 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 0.0392, compared to 0.0418 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0027 points.

H1 Avg (Jan–Jun) 0.0392

H2 Avg (Jul–Dec) 0.0418

Volatility Range Comparison

Volatility

The most volatile month in 2011 was January, with a trading range of 0.0041 MRO (High: 0.0406 / Low: 0.0365). On the other end, July was the most stable month, with a tight range of 0.0009 MRO (High: 0.0415 / Low: 0.0407).

January Spread (Volatile) ±0.0041

July Spread (Stable) ±0.0009

Growth Streaks & Declines

Trends

Between May and September, 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 November and December, when the average rate fell by 0.0006 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0006

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2011: 0.0426) against the same month in 2010 (average: 0.0488), the exchange rate shifted by -0.0063 (-12.82%).

2011 Avg (September) 0.0426

2010 Avg (September) 0.0488

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0406	0.0365	0.0388
February	0.0398	0.0360	0.0383
March	0.0407	0.0370	0.0396
April	0.0400	0.0384	0.0390
May	0.0413	0.0374	0.0385
June	0.0416	0.0401	0.0408
July	0.0415	0.0407	0.0412
August	0.0423	0.0395	0.0414
September	0.0440	0.0415	0.0426
October	0.0434	0.0417	0.0425
November	0.0432	0.0409	0.0420
December	0.0425	0.0407	0.0413