2011 TOP to MNT Historical Review

YEARLY HIGH

805.7818 MNT

YEARLY LOW

638.8936 MNT

YEARLY AVERAGE

717.5222 MNT

2011 TOP to MNT Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the TOP to MNT exchange rate experienced significant fluctuation. The market reached its absolute peak on December 14, valuing the pair at 805.7818. Conversely, the yearly low was recorded on March 30, dropping to 638.8936.

This high-to-low spread represents a total annual volatility of 166.8881 MNT. From a start-to-finish perspective, comparing the January average rate of 668.9996 to the December average rate of 785.8597, the exchange rate registered a net change of 17.47% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 805.7818 was up 2.04% compared to the 2010 peak of 789.6433, 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 4,028,909 MNT

2010 Average 3,511,157 MNT

Yearly Trough Low 3,194,468 MNT

Transaction Impact: A difference of 834,440.54 MNT purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

798.4671

647.1787

JanuMarcMayJulySeptNove

TOP to MNT 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 680.2563, compared to 754.7881 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 74.5318 points.

H1 Avg (Jan–Jun) 680.2563

H2 Avg (Jul–Dec) 754.7881

Volatility Range Comparison

Volatility

The most volatile month in 2011 was April, with a trading range of 65.7285 MNT (High: 707.2634 / Low: 641.5348). On the other end, February was the most stable month, with a tight range of 6.1884 MNT (High: 676.1902 / Low: 670.0018).

April Spread (Volatile) ±65.7285

February Spread (Stable) ±6.1884

Growth Streaks & Declines

Trends

Between March and August, 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 13.3171 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -13.3171

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2011: 785.8597) against the same month in 2010 (average: 653.5056), the exchange rate shifted by +132.3542 (+20.25%).

2011 Avg (December) 785.8597

2010 Avg (December) 653.5056

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	681.3247	655.8478	668.9996
February	676.1902	670.0018	673.1032
March	677.0275	638.8936	659.7860
April	707.2634	641.5348	663.6812
May	716.5785	682.1990	696.3706
June	732.4880	706.6126	719.5972
July	775.2353	714.4807	738.1371
August	776.7273	737.1065	750.7233
September	767.4157	724.2108	745.7523
October	766.4030	730.1182	746.5983
November	779.1194	738.2702	761.6578
December	805.7818	770.4922	785.8597