2011 HKD to TOP Historical Review

YEARLY HIGH

0.2427 TOP

YEARLY LOW

0.2062 TOP

YEARLY AVERAGE

0.2256 TOP

2011 HKD to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the HKD to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on January 13, valuing the pair at 0.2427. Conversely, the yearly low was recorded on August 10, dropping to 0.2062.

This high-to-low spread represents a total annual volatility of 0.0366 TOP. From a start-to-finish perspective, comparing the January average rate of 0.2391 to the December average rate of 0.2232, the exchange rate registered a net change of -6.66% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.2427 was down 6.89% compared to the 2010 peak of 0.2607, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 25,000 HKD based on timing:

Yearly Peak High 6,068 TOP

2010 Average 6,199 TOP

Yearly Trough Low 5,154 TOP

Transaction Impact: A difference of 913.96 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.2421

0.2071

JanuMarcMayJulySeptNove

HKD to TOP 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 0.2336, compared to 0.2176 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0160 points.

H1 Avg (Jan–Jun) 0.2336

H2 Avg (Jul–Dec) 0.2176

Volatility Range Comparison

Volatility

The most volatile month in 2011 was July, with a trading range of 0.0141 TOP (High: 0.2212 / Low: 0.2071). On the other end, February was the most stable month, with a tight range of 0.0006 TOP (High: 0.2384 / Low: 0.2378).

July Spread (Volatile) ±0.0141

February Spread (Stable) ±0.0006

Growth Streaks & Declines

Trends

Between August and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0085 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0085

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2011: 0.2391) against the same month in 2010 (average: 0.2450), the exchange rate shifted by -0.0058 (-2.37%).

2011 Avg (January) 0.2391

2010 Avg (January) 0.2450

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2427	0.2378	0.2391
February	0.2384	0.2378	0.2380
March	0.2392	0.2365	0.2381
April	0.2397	0.2288	0.2356
May	0.2289	0.2260	0.2271
June	0.2246	0.2212	0.2236
July	0.2212	0.2071	0.2164
August	0.2120	0.2062	0.2100
September	0.2231	0.2093	0.2157
October	0.2252	0.2171	0.2205
November	0.2288	0.2166	0.2198
December	0.2258	0.2196	0.2232