2011 TOP to BAM Historical Review

YEARLY HIGH

0.8818 BAM

YEARLY LOW

0.7231 BAM

YEARLY AVERAGE

0.8029 BAM

2011 TOP to BAM Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the TOP to BAM exchange rate experienced significant fluctuation. The market reached its absolute peak on December 14, valuing the pair at 0.8818. Conversely, the yearly low was recorded on April 25, dropping to 0.7231.

This high-to-low spread represents a total annual volatility of 0.1587 BAM. From a start-to-finish perspective, comparing the January average rate of 0.7875 to the December average rate of 0.8557, the exchange rate registered a net change of 8.66% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.8818 was up 6.41% compared to the 2010 peak of 0.8286, 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 4,409 BAM

2010 Average 3,837 BAM

Yearly Trough Low 3,615 BAM

Transaction Impact: A difference of 793.38 BAM purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.8673

0.7284

JanuMarcMayJulySeptNove

TOP to BAM 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 0.7683, compared to 0.8375 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0692 points.

H1 Avg (Jan–Jun) 0.7683

H2 Avg (Jul–Dec) 0.8375

Volatility Range Comparison

Volatility

The most volatile month in 2011 was July, with a trading range of 0.0638 BAM (High: 0.8483 / Low: 0.7845). On the other end, February was the most stable month, with a tight range of 0.0199 BAM (High: 0.7844 / Low: 0.7646).

July Spread (Volatile) ±0.0638

February Spread (Stable) ±0.0199

Growth Streaks & Declines

Trends

Between April and September, 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 February and March, when the average rate fell by 0.0205 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0205

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2011: 0.8557) against the same month in 2010 (average: 0.7909), the exchange rate shifted by +0.0648 (+8.19%).

2011 Avg (December) 0.8557

2010 Avg (December) 0.7909

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.8112	0.7703	0.7875
February	0.7844	0.7646	0.7738
March	0.7683	0.7394	0.7533
April	0.7598	0.7231	0.7400
May	0.7941	0.7420	0.7734
June	0.7979	0.7657	0.7817
July	0.8483	0.7845	0.8136
August	0.8541	0.8202	0.8339
September	0.8581	0.8280	0.8453
October	0.8593	0.8138	0.8324
November	0.8604	0.8216	0.8440
December	0.8818	0.8360	0.8557