2011 TOP to GHS Historical Review

YEARLY HIGH

0.9629 GHS

YEARLY LOW

0.7413 GHS

YEARLY AVERAGE

0.8817 GHS

2011 TOP to GHS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the TOP to GHS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 13, valuing the pair at 0.9629. Conversely, the yearly low was recorded on February 20, dropping to 0.7413.

This high-to-low spread represents a total annual volatility of 0.2215 GHS. From a start-to-finish perspective, comparing the January average rate of 0.8081 to the December average rate of 0.9449, the exchange rate registered a net change of 16.92% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.9629 was up 20.83% compared to the 2010 peak of 0.7969, 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 4,814 GHS

2010 Average 3,722 GHS

Yearly Trough Low 3,707 GHS

Transaction Impact: A difference of 1,107.73 GHS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.9611

0.7942

JanuMarcMayJulySeptNove

TOP to GHS 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 0.8320, compared to 0.9314 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0995 points.

H1 Avg (Jan–Jun) 0.8320

H2 Avg (Jul–Dec) 0.9314

Volatility Range Comparison

Volatility

The most volatile month in 2011 was February, with a trading range of 0.1085 GHS (High: 0.8498 / Low: 0.7413). On the other end, March was the most stable month, with a tight range of 0.0114 GHS (High: 0.8259 / Low: 0.8146).

February Spread (Volatile) ±0.1085

March Spread (Stable) ±0.0114

Growth Streaks & Declines

Trends

Between January and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0049 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.0049

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2011: 0.9449) against the same month in 2010 (average: 0.7817), the exchange rate shifted by +0.1632 (+20.88%).

2011 Avg (December) 0.9449

2010 Avg (December) 0.7817

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.8453	0.7878	0.8081
February	0.8498	0.7413	0.8130
March	0.8259	0.8146	0.8214
April	0.8445	0.8073	0.8236
May	0.8645	0.8445	0.8548
June	0.8821	0.8615	0.8709
July	0.9347	0.8789	0.8989
August	0.9550	0.9204	0.9311
September	0.9394	0.9128	0.9263
October	0.9618	0.9210	0.9402
November	0.9624	0.9190	0.9472
December	0.9629	0.9336	0.9449