2011 TOP to GNF Historical Review

YEARLY HIGH

4266.9538 GNF

YEARLY LOW

3721.4687 GNF

YEARLY AVERAGE

3941.3311 GNF

2011 TOP to GNF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the TOP to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on August 29, valuing the pair at 4266.9538. Conversely, the yearly low was recorded on January 4, dropping to 3721.4687.

This high-to-low spread represents a total annual volatility of 545.4851 GNF. From a start-to-finish perspective, comparing the January average rate of 3881.4750 to the December average rate of 3991.1849, the exchange rate registered a net change of 2.83% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 4266.9538 was up 12.25% compared to the 2010 peak of 3801.3217, 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 21,334,769 GNF

2010 Average 14,519,395 GNF

Yearly Trough Low 18,607,343 GNF

Transaction Impact: A difference of 2,727,425.41 GNF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

4128.2423

3815.4333

JanuMarcMayJulySeptNove

TOP to GNF 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 3899.6376, compared to 3983.0246 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 83.3870 points.

H1 Avg (Jan–Jun) 3899.6376

H2 Avg (Jul–Dec) 3983.0246

Volatility Range Comparison

Volatility

The most volatile month in 2011 was January, with a trading range of 377.4638 GNF (High: 4098.9325 / Low: 3721.4687). On the other end, June was the most stable month, with a tight range of 114.1992 GNF (High: 3898.9590 / Low: 3784.7598).

January Spread (Volatile) ±377.4638

June Spread (Stable) ±114.1992

Growth Streaks & Declines

Trends

Between September and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 175.4840 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -175.4840

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2011: 4102.1749) against the same month in 2010 (average: 2692.1050), the exchange rate shifted by +1410.0698 (+52.38%).

2011 Avg (August) 4102.1749

2010 Avg (August) 2692.1050

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	4098.9325	3721.4687	3881.4750
February	4160.8598	3900.4672	3974.8805
March	4144.6220	3777.4795	3845.4062
April	3965.8182	3796.6688	3855.2573
May	4102.6031	3761.6863	3999.3058
June	3898.9590	3784.7598	3841.5007
July	4136.9124	3867.2955	3968.7341
August	4266.9538	3997.9247	4102.1749
September	4048.0227	3817.3073	3926.6909
October	4063.0760	3810.6421	3940.1065
November	4107.8613	3808.0771	3969.2563
December	4102.9532	3917.5979	3991.1849