2011 TOP to MRO Historical Review

YEARLY HIGH

175.2909 MRO

YEARLY LOW

146.0709 MRO

YEARLY AVERAGE

159.5891 MRO

2011 TOP to MRO Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the TOP to MRO exchange rate experienced significant fluctuation. The market reached its absolute peak on August 10, valuing the pair at 175.2909. Conversely, the yearly low was recorded on April 25, dropping to 146.0709.

This high-to-low spread represents a total annual volatility of 29.2200 MRO. From a start-to-finish perspective, comparing the January average rate of 150.6345 to the December average rate of 164.9545, the exchange rate registered a net change of 9.51% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 175.2909 was up 14.39% compared to the 2010 peak of 153.2368, 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 876,454 MRO

2010 Average 711,307 MRO

Yearly Trough Low 730,354 MRO

Transaction Impact: A difference of 146,100.06 MRO purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

171.6594

148.2364

JanuMarcMayJulySeptNove

TOP to MRO 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 152.5938, compared to 166.5845 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 13.9907 points.

H1 Avg (Jan–Jun) 152.5938

H2 Avg (Jul–Dec) 166.5845

Volatility Range Comparison

Volatility

The most volatile month in 2011 was July, with a trading range of 13.4246 MRO (High: 171.7405 / Low: 158.3159). On the other end, May was the most stable month, with a tight range of 3.6449 MRO (High: 155.8343 / Low: 152.1894).

July Spread (Volatile) ±13.4246

May Spread (Stable) ±3.6449

Growth Streaks & Declines

Trends

Between April and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 2.5287 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -2.5287

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2011: 169.7075) against the same month in 2010 (average: 146.4975), the exchange rate shifted by +23.2100 (+15.84%).

2011 Avg (August) 169.7075

2010 Avg (August) 146.4975

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	152.9767	148.7516	150.6345
February	155.3254	148.2137	152.0779
March	155.0901	148.1702	152.0835
April	154.6376	146.0709	150.1883
May	155.8343	152.1894	153.7698
June	159.7295	154.5121	156.8086
July	171.7405	158.3159	163.5297
August	175.2909	166.8567	169.7075
September	171.7269	161.1477	167.1788
October	171.7477	161.7841	167.5941
November	170.7794	159.8642	166.5424
December	168.0305	162.4663	164.9545