2011 TOP to BIF Historical Review

YEARLY HIGH

772.3371 BIF

YEARLY LOW

603.3746 BIF

YEARLY AVERAGE

690.7507 BIF

2011 TOP to BIF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the TOP to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 13, valuing the pair at 772.3371. Conversely, the yearly low was recorded on January 2, dropping to 603.3746.

This high-to-low spread represents a total annual volatility of 168.9624 BIF. From a start-to-finish perspective, comparing the January average rate of 609.9848 to the December average rate of 742.2940, the exchange rate registered a net change of 21.69% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 772.3371 was up 24.65% compared to the 2010 peak of 619.5973, 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 3,861,685 BIF

2010 Average 2,950,916 BIF

Yearly Trough Low 3,016,873 BIF

Transaction Impact: A difference of 844,812.14 BIF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

763.6768

596.0128

JanuMarcMayJulySeptNove

TOP to BIF 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 649.7102, compared to 731.7911 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 82.0809 points.

H1 Avg (Jan–Jun) 649.7102

H2 Avg (Jul–Dec) 731.7911

Volatility Range Comparison

Volatility

The most volatile month in 2011 was April, with a trading range of 79.0772 BIF (High: 689.6215 / Low: 610.5444). On the other end, February was the most stable month, with a tight range of 4.3554 BIF (High: 614.6470 / Low: 610.2917).

April Spread (Volatile) ±79.0772

February Spread (Stable) ±4.3554

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 18.8198 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -18.8198

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2011: 742.2940) against the same month in 2010 (average: 605.6832), the exchange rate shifted by +136.6109 (+22.55%).

2011 Avg (December) 742.2940

2010 Avg (December) 605.6832

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	614.5029	603.3746	609.9848
February	614.6470	610.2917	613.4556
March	618.6547	606.3540	612.5121
April	689.6215	610.5444	663.9681
May	700.0235	689.6215	693.8752
June	713.7437	699.0348	704.4656
July	757.7692	710.1105	728.3892
August	766.3974	741.6316	749.7048
September	754.5853	708.5292	730.8849
October	730.7960	700.1001	717.1918
November	749.1070	691.9807	722.2820
December	772.3371	709.2733	742.2940