2011 TOP to KES Historical Review

YEARLY HIGH

60.8855 KES

YEARLY LOW

42.9150 KES

YEARLY AVERAGE

50.7228 KES

2011 TOP to KES Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the TOP to KES exchange rate experienced significant fluctuation. The market reached its absolute peak on October 11, valuing the pair at 60.8855. Conversely, the yearly low was recorded on January 13, dropping to 42.9150.

This high-to-low spread represents a total annual volatility of 17.9705 KES. From a start-to-finish perspective, comparing the January average rate of 43.5167 to the December average rate of 49.8118, the exchange rate registered a net change of 14.47% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 60.8855 was up 38.67% compared to the 2010 peak of 43.9054, 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 304,427 KES

2010 Average 205,698 KES

Yearly Trough Low 214,575 KES

Transaction Impact: A difference of 89,852.71 KES purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

60.4214

41.9799

JanuMarcMayJulySeptNove

TOP to KES 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 46.3512, compared to 55.0944 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 8.7432 points.

H1 Avg (Jan–Jun) 46.3512

H2 Avg (Jul–Dec) 55.0944

Volatility Range Comparison

Volatility

The most volatile month in 2011 was November, with a trading range of 8.2160 KES (High: 58.3238 / Low: 50.1078). On the other end, February was the most stable month, with a tight range of 0.7738 KES (High: 44.4401 / Low: 43.6663).

November Spread (Volatile) ±8.2160

February Spread (Stable) ±0.7738

Growth Streaks & Declines

Trends

Between January and October, 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 November and December, when the average rate fell by 4.6986 points.

Longest Streak 9 Mo.

Sharpest MoM Drop -4.6986

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2011: 58.8846) against the same month in 2010 (average: 42.4104), the exchange rate shifted by +16.4742 (+38.84%).

2011 Avg (October) 58.8846

2010 Avg (October) 42.4104

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	43.8132	42.9150	43.5167
February	44.4401	43.6663	43.9692
March	46.2976	44.7293	45.4222
April	46.9065	44.8131	45.7768
May	49.3710	46.9065	48.3106
June	52.6240	49.2521	51.1119
July	56.4835	51.4757	53.3874
August	58.3020	56.1203	56.7113
September	59.1349	55.8618	57.2610
October	60.8855	57.9981	58.8846
November	58.3238	50.1078	54.5104
December	52.3583	47.5809	49.8118