2011 TOP to AZN Historical Review

YEARLY HIGH

0.4882 AZN

YEARLY LOW

0.4224 AZN

YEARLY AVERAGE

0.4502 AZN

2011 TOP to AZN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the TOP to AZN exchange rate experienced significant fluctuation. The market reached its absolute peak on August 10, valuing the pair at 0.4882. Conversely, the yearly low was recorded on January 13, dropping to 0.4224.

This high-to-low spread represents a total annual volatility of 0.0658 AZN. From a start-to-finish perspective, comparing the January average rate of 0.4283 to the December average rate of 0.4528, the exchange rate registered a net change of 5.72% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.4882 was up 9.94% compared to the 2010 peak of 0.4441, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,441 AZN

2010 Average 2,093 AZN

Yearly Trough Low 2,112 AZN

Transaction Impact: A difference of 329.24 AZN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.4852

0.4220

JanuMarcMayJulySeptNove

TOP to AZN 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 0.4361, compared to 0.4642 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0282 points.

H1 Avg (Jan–Jun) 0.4361

H2 Avg (Jul–Dec) 0.4642

Volatility Range Comparison

Volatility

The most volatile month in 2011 was July, with a trading range of 0.0317 AZN (High: 0.4873 / Low: 0.4556). On the other end, February was the most stable month, with a tight range of 0.0013 AZN (High: 0.4293 / Low: 0.4281).

July Spread (Volatile) ±0.0317

February Spread (Stable) ±0.0013

Growth Streaks & Declines

Trends

Between March and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0122 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0122

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2011: 0.4799) against the same month in 2010 (average: 0.4147), the exchange rate shifted by +0.0652 (+15.72%).

2011 Avg (August) 0.4799

2010 Avg (August) 0.4147

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4300	0.4224	0.4283
February	0.4293	0.4281	0.4287
March	0.4306	0.4255	0.4273
April	0.4451	0.4252	0.4322
May	0.4495	0.4451	0.4474
June	0.4567	0.4497	0.4525
July	0.4873	0.4556	0.4667
August	0.4882	0.4757	0.4799
September	0.4822	0.4520	0.4677
October	0.4664	0.4485	0.4586
November	0.4669	0.4404	0.4597
December	0.4599	0.4482	0.4528