2012 TOP to BAM Historical Review

YEARLY HIGH

0.9216 BAM

YEARLY LOW

0.8488 BAM

YEARLY AVERAGE

0.8764 BAM

2012 TOP to BAM Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2012

During 2012, the TOP to BAM exchange rate experienced significant fluctuation. The market reached its absolute peak on August 2, valuing the pair at 0.9216. Conversely, the yearly low was recorded on November 25, dropping to 0.8488.

This high-to-low spread represents a total annual volatility of 0.0727 BAM. From a start-to-finish perspective, comparing the January average rate of 0.8714 to the December average rate of 0.8580, the exchange rate registered a net change of -1.54% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2012 high of 0.9216 was up 4.52% compared to the 2011 peak of 0.8818, 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 4,608 BAM

2011 Average 4,016 BAM

Yearly Trough Low 4,244 BAM

Transaction Impact: A difference of 363.71 BAM purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2012.

0.9064

0.8536

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 0.8740, compared to 0.8788 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0049 points.

H1 Avg (Jan–Jun) 0.8740

H2 Avg (Jul–Dec) 0.8788

Volatility Range Comparison

Volatility

The most volatile month in 2012 was July, with a trading range of 0.0570 BAM (High: 0.9203 / Low: 0.8633). On the other end, April was the most stable month, with a tight range of 0.0149 BAM (High: 0.8813 / Low: 0.8664).

July Spread (Volatile) ±0.0570

April Spread (Stable) ±0.0149

Growth Streaks & Declines

Trends

Between May and August, 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 August and September, when the average rate fell by 0.0290 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0290

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2012: 0.9020) against the same month in 2011 (average: 0.8339), the exchange rate shifted by +0.0681 (+8.17%).

2012 Avg (August) 0.9020

2011 Avg (August) 0.8339

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.8826	0.8566	0.8714
February	0.8875	0.8571	0.8747
March	0.8937	0.8678	0.8787
April	0.8813	0.8664	0.8742
May	0.9027	0.8542	0.8717
June	0.8812	0.8640	0.8730
July	0.9203	0.8633	0.8956
August	0.9216	0.8887	0.9020
September	0.8887	0.8614	0.8730
October	0.8819	0.8564	0.8660
November	0.8985	0.8488	0.8782
December	0.8687	0.8523	0.8580