2011 TOP to CLP Historical Review

YEARLY HIGH

309.8172 CLP

YEARLY LOW

249.7816 CLP

YEARLY AVERAGE

275.7978 CLP

2011 TOP to CLP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the TOP to CLP exchange rate experienced significant fluctuation. The market reached its absolute peak on October 4, valuing the pair at 309.8172. Conversely, the yearly low was recorded on January 3, dropping to 249.7816.

This high-to-low spread represents a total annual volatility of 60.0356 CLP. From a start-to-finish perspective, comparing the January average rate of 262.8296 to the December average rate of 297.7107, the exchange rate registered a net change of 13.27% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 309.8172 was up 8.48% compared to the 2010 peak of 285.6114, 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 1,549,086 CLP

2010 Average 1,325,107 CLP

Yearly Trough Low 1,248,908 CLP

Transaction Impact: A difference of 300,177.99 CLP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

301.8531

252.1447

JanuMarcMayJulySeptNove

TOP to CLP 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 261.6124, compared to 289.9833 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 28.3710 points.

H1 Avg (Jan–Jun) 261.6124

H2 Avg (Jul–Dec) 289.9833

Volatility Range Comparison

Volatility

The most volatile month in 2011 was September, with a trading range of 32.2388 CLP (High: 307.9891 / Low: 275.7503). On the other end, March was the most stable month, with a tight range of 4.9859 CLP (High: 261.6479 / Low: 256.6620).

September Spread (Volatile) ±32.2388

March Spread (Stable) ±4.9859

Growth Streaks & Declines

Trends

Between April and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 6.5425 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -6.5425

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2011: 296.8443) against the same month in 2010 (average: 254.4969), the exchange rate shifted by +42.3475 (+16.64%).

2011 Avg (October) 296.8443

2010 Avg (October) 254.4969

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	266.8751	249.7816	262.8296
February	259.7290	252.8107	256.2871
March	261.6479	256.6620	258.5449
April	262.5601	251.8351	257.0253
May	269.9873	258.9644	264.9383
June	275.0912	267.4655	270.0489
July	283.0498	268.2880	274.5408
August	293.9767	282.2352	285.2953
September	307.9891	275.7503	288.5920
October	309.8172	288.3482	296.8443
November	302.5332	290.5939	296.9167
December	303.9339	295.2158	297.7107