2011 TOP to BTN Historical Review

YEARLY HIGH

31.3802 BTN

YEARLY LOW

23.6476 BTN

YEARLY AVERAGE

26.6266 BTN

2011 TOP to BTN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the TOP to BTN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 14, valuing the pair at 31.3802. Conversely, the yearly low was recorded on April 10, dropping to 23.6476.

This high-to-low spread represents a total annual volatility of 7.7326 BTN. From a start-to-finish perspective, comparing the January average rate of 24.4049 to the December average rate of 30.2271, the exchange rate registered a net change of 23.86% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 31.3802 was up 26.53% compared to the 2010 peak of 24.7999, 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 156,901 BTN

2010 Average 118,648 BTN

Yearly Trough Low 118,238 BTN

Transaction Impact: A difference of 38,663.21 BTN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

30.8268

23.6310

JanuMarcMayJulySeptNove

TOP to BTN 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 24.7626, compared to 28.4907 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 3.7281 points.

H1 Avg (Jan–Jun) 24.7626

H2 Avg (Jul–Dec) 28.4907

Volatility Range Comparison

Volatility

The most volatile month in 2011 was September, with a trading range of 1.7539 BTN (High: 29.2161 / Low: 27.4622). On the other end, February was the most stable month, with a tight range of 0.4197 BTN (High: 24.6703 / Low: 24.2506).

September Spread (Volatile) ±1.7539

February Spread (Stable) ±0.4197

Growth Streaks & Declines

Trends

Between March and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 9 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.2796 points.

Longest Streak 9 Mo.

Sharpest MoM Drop -0.2796

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2011: 30.2271) against the same month in 2010 (average: 24.0705), the exchange rate shifted by +6.1566 (+25.58%).

2011 Avg (December) 30.2271

2010 Avg (December) 24.0705

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	24.7828	23.9173	24.4049
February	24.6703	24.2506	24.5102
March	24.4793	23.9658	24.2306
April	24.8944	23.6476	24.2428
May	25.7289	24.8944	25.4265
June	26.0632	25.6097	25.7607
July	27.3158	25.8021	26.3551
August	28.1740	27.3903	27.7070
September	29.2161	27.4622	28.2749
October	29.4026	27.9103	28.7134
November	30.5080	29.0561	29.6664
December	31.3802	29.6309	30.2271