2011 GNF to ZAR Historical Review

YEARLY HIGH

0.0013 ZAR

YEARLY LOW

0.0009 ZAR

YEARLY AVERAGE

0.0011 ZAR

2011 GNF to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the GNF to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on September 24, valuing the pair at 0.0013. Conversely, the yearly low was recorded on March 3, dropping to 0.0009.

This high-to-low spread represents a total annual volatility of 0.0004 ZAR. From a start-to-finish perspective, comparing the January average rate of 0.0010 to the December average rate of 0.0012, the exchange rate registered a net change of 23.08% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.0013 was down 19.94% compared to the 2010 peak of 0.0016, 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 6 ZAR

2010 Average 7 ZAR

Yearly Trough Low 5 ZAR

Transaction Impact: A difference of 1.79 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.0012

0.0009

JanuMarcMayJulySeptNove

GNF 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 0.0010, compared to 0.0011 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0002 points.

H1 Avg (Jan–Jun) 0.0010

H2 Avg (Jul–Dec) 0.0011

Volatility Range Comparison

Volatility

The most volatile month in 2011 was September, with a trading range of 0.0002 ZAR (High: 0.0013 / Low: 0.0011). On the other end, June was the most stable month, with a tight range of 0.0000 ZAR (High: 0.0010 / Low: 0.0010).

September Spread (Volatile) ±0.0002

June Spread (Stable) ±0.0000

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 November and December, when the average rate fell by 0.0000 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0000

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2011: 0.0011) against the same month in 2010 (average: 0.0012), the exchange rate shifted by -0.0001 (-6.31%).

2011 Avg (September) 0.0011

2010 Avg (September) 0.0012

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0010	0.0009	0.0010
February	0.0010	0.0009	0.0010
March	0.0010	0.0009	0.0010
April	0.0010	0.0009	0.0010
May	0.0010	0.0009	0.0010
June	0.0010	0.0010	0.0010
July	0.0010	0.0010	0.0010
August	0.0011	0.0010	0.0011
September	0.0013	0.0011	0.0011
October	0.0012	0.0011	0.0012
November	0.0013	0.0011	0.0012
December	0.0012	0.0011	0.0012