2011 TOP to CVE Historical Review

YEARLY HIGH

49.7122 CVE

YEARLY LOW

40.7114 CVE

YEARLY AVERAGE

45.2308 CVE

2011 TOP to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the TOP to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on December 14, valuing the pair at 49.7122. Conversely, the yearly low was recorded on April 25, dropping to 40.7114.

This high-to-low spread represents a total annual volatility of 9.0008 CVE. From a start-to-finish perspective, comparing the January average rate of 44.3513 to the December average rate of 48.2381, the exchange rate registered a net change of 8.76% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 49.7122 was up 6.71% compared to the 2010 peak of 46.5881, 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 248,561 CVE

2010 Average 216,140 CVE

Yearly Trough Low 203,557 CVE

Transaction Impact: A difference of 45,003.98 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

48.8950

41.0125

JanuMarcMayJulySeptNove

TOP to CVE 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 43.2710, compared to 47.1906 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 3.9196 points.

H1 Avg (Jan–Jun) 43.2710

H2 Avg (Jul–Dec) 47.1906

Volatility Range Comparison

Volatility

The most volatile month in 2011 was July, with a trading range of 3.7296 CVE (High: 47.9163 / Low: 44.1867). On the other end, February was the most stable month, with a tight range of 1.2618 CVE (High: 44.2586 / Low: 42.9969).

July Spread (Volatile) ±3.7296

February Spread (Stable) ±1.2618

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 1.1296 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -1.1296

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2011: 48.2381) against the same month in 2010 (average: 44.5450), the exchange rate shifted by +3.6931 (+8.29%).

2011 Avg (December) 48.2381

2010 Avg (December) 44.5450

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	45.7556	43.3279	44.3513
February	44.2586	42.9969	43.5889
March	43.3315	41.6409	42.4593
April	42.6942	40.7114	41.6694
May	44.7283	41.7452	43.5074
June	44.9453	43.1563	44.0499
July	47.9163	44.1867	45.8516
August	48.1884	46.1211	46.9800
September	48.3150	46.6357	47.6061
October	48.6002	45.8943	46.8872
November	48.4787	46.3177	47.5806
December	49.7122	47.1292	48.2381