2011 SGD to TOP Historical Review

YEARLY HIGH

1.5042 TOP

YEARLY LOW

1.2992 TOP

YEARLY AVERAGE

1.3970 TOP

2011 SGD to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the SGD to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on April 22, valuing the pair at 1.5042. Conversely, the yearly low was recorded on September 22, dropping to 1.2992.

This high-to-low spread represents a total annual volatility of 0.2049 TOP. From a start-to-finish perspective, comparing the January average rate of 1.4461 to the December average rate of 1.3405, the exchange rate registered a net change of -7.30% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 1.5042 was up 0.65% compared to the 2010 peak of 1.4945, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 7,521 TOP

2010 Average 7,071 TOP

Yearly Trough Low 6,496 TOP

Transaction Impact: A difference of 1,024.69 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

1.4834

1.3124

JanuMarcMayJulySeptNove

SGD 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 1.4447, compared to 1.3494 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0953 points.

H1 Avg (Jan–Jun) 1.4447

H2 Avg (Jul–Dec) 1.3494

Volatility Range Comparison

Volatility

The most volatile month in 2011 was September, with a trading range of 0.0872 TOP (High: 1.3865 / Low: 1.2992). On the other end, February was the most stable month, with a tight range of 0.0141 TOP (High: 1.4586 / Low: 1.4446).

September Spread (Volatile) ±0.0872

February Spread (Stable) ±0.0141

Growth Streaks & Declines

Trends

Between January and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0429 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0429

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2011: 1.4692) against the same month in 2010 (average: 1.3939), the exchange rate shifted by +0.0753 (+5.40%).

2011 Avg (April) 1.4692

2010 Avg (April) 1.3939

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.4675	1.4362	1.4461
February	1.4586	1.4446	1.4527
March	1.4771	1.4481	1.4632
April	1.5042	1.4490	1.4692
May	1.4515	1.4078	1.4263
June	1.4202	1.3910	1.4105
July	1.4154	1.3413	1.3855
August	1.3741	1.3224	1.3541
September	1.3865	1.2992	1.3460
October	1.3698	1.3097	1.3436
November	1.3732	1.3039	1.3266
December	1.3566	1.3071	1.3405