2011 PEN to TOP Historical Review

YEARLY HIGH

0.6767 TOP

YEARLY LOW

0.5856 TOP

YEARLY AVERAGE

0.6373 TOP

2011 PEN to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the PEN to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on January 13, valuing the pair at 0.6767. Conversely, the yearly low was recorded on August 10, dropping to 0.5856.

This high-to-low spread represents a total annual volatility of 0.0911 TOP. From a start-to-finish perspective, comparing the January average rate of 0.6672 to the December average rate of 0.6436, the exchange rate registered a net change of -3.54% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.6767 was down 0.06% compared to the 2010 peak of 0.6771, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 3,383 TOP

2010 Average 3,206 TOP

Yearly Trough Low 2,928 TOP

Transaction Impact: A difference of 455.54 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.6757

0.5908

JanuMarcMayJulySeptNove

PEN 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 0.6533, compared to 0.6214 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0318 points.

H1 Avg (Jan–Jun) 0.6533

H2 Avg (Jul–Dec) 0.6214

Volatility Range Comparison

Volatility

The most volatile month in 2011 was July, with a trading range of 0.0403 TOP (High: 0.6293 / Low: 0.5890). On the other end, February was the most stable month, with a tight range of 0.0062 TOP (High: 0.6710 / Low: 0.6647).

July Spread (Volatile) ±0.0403

February Spread (Stable) ±0.0062

Growth Streaks & Declines

Trends

Between August and December, 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 March and April, when the average rate fell by 0.0175 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0175

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2011: 0.6672) against the same month in 2010 (average: 0.6328), the exchange rate shifted by +0.0344 (+5.43%).

2011 Avg (January) 0.6672

2010 Avg (January) 0.6328

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6767	0.6648	0.6672
February	0.6710	0.6647	0.6686
March	0.6726	0.6614	0.6680
April	0.6643	0.6298	0.6504
May	0.6447	0.6230	0.6355
June	0.6344	0.6248	0.6298
July	0.6293	0.5890	0.6147
August	0.6027	0.5856	0.5979
September	0.6277	0.5968	0.6129
October	0.6390	0.6196	0.6273
November	0.6580	0.6211	0.6322
December	0.6511	0.6326	0.6436