2011 TOP to MZN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2011.
2011 TOP to MZN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2011
During 2011, the TOP to MZN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 11, valuing the pair at 17.7996. Conversely, the yearly low was recorded on November 28, dropping to 14.7267.
This high-to-low spread represents a total annual volatility of 3.0728 MZN. From a start-to-finish perspective, comparing the January average rate of 17.4465 to the December average rate of 15.3629, the exchange rate registered a net change of -11.94% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2011 high of 17.7996 was down 10.83% compared to the 2010 peak of 19.9614, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 TOP based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2011.
TOP to MZN Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 16.9569, compared to 15.8718 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.0851 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2011 was July, with a trading range of 1.4752 MZN (High: 17.4197 / Low: 15.9446). On the other end, March was the most stable month, with a tight range of 0.3927 MZN (High: 16.9044 / Low: 16.5116).
Growth Streaks & Declines
TrendsBetween March and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.4501 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2011: 17.4465) against the same month in 2010 (average: 15.8956), the exchange rate shifted by +1.5510 (+9.76%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 17.7996 | 17.2125 | 17.4465 |
| February | 17.3981 | 16.8042 | 17.0181 |
| March | 16.9044 | 16.5116 | 16.6883 |
| April | 17.5811 | 16.3778 | 16.9253 |
| May | 17.6649 | 16.5451 | 17.0217 |
| June | 17.0101 | 16.3514 | 16.6413 |
| July | 17.4197 | 15.9446 | 16.5335 |
| August | 16.8766 | 16.1190 | 16.3385 |
| September | 16.5202 | 15.2597 | 15.9473 |
| October | 15.8074 | 15.0559 | 15.4973 |
| November | 16.0384 | 14.7267 | 15.5514 |
| December | 15.7942 | 15.1468 | 15.3629 |