2011 TOP to NZD Historical Review

YEARLY HIGH

0.7861 NZD

YEARLY LOW

0.6718 NZD

YEARLY AVERAGE

0.7209 NZD

2011 TOP to NZD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the TOP to NZD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 23, valuing the pair at 0.7861. Conversely, the yearly low was recorded on April 21, dropping to 0.6718.

This high-to-low spread represents a total annual volatility of 0.1143 NZD. From a start-to-finish perspective, comparing the January average rate of 0.7013 to the December average rate of 0.7474, the exchange rate registered a net change of 6.58% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.7861 was up 2.44% compared to the 2010 peak of 0.7673, 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 3,930 NZD

2010 Average 3,601 NZD

Yearly Trough Low 3,359 NZD

Transaction Impact: A difference of 571.41 NZD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.7662

0.6853

JanuMarcMayJulySeptNove

TOP to NZD 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 0.7074, compared to 0.7344 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0270 points.

H1 Avg (Jan–Jun) 0.7074

H2 Avg (Jul–Dec) 0.7344

Volatility Range Comparison

Volatility

The most volatile month in 2011 was August, with a trading range of 0.0496 NZD (High: 0.7572 / Low: 0.7077). On the other end, January was the most stable month, with a tight range of 0.0237 NZD (High: 0.7113 / Low: 0.6875).

August Spread (Volatile) ±0.0496

January Spread (Stable) ±0.0237

Growth Streaks & Declines

Trends

Between July and November, 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 March and April, when the average rate fell by 0.0350 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0350

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2011: 0.7594) against the same month in 2010 (average: 0.6947), the exchange rate shifted by +0.0647 (+9.32%).

2011 Avg (November) 0.7594

2010 Avg (November) 0.6947

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.7113	0.6875	0.7013
February	0.7232	0.6907	0.7087
March	0.7452	0.7053	0.7271
April	0.7087	0.6718	0.6921
May	0.7284	0.6909	0.7105
June	0.7193	0.6925	0.7050
July	0.7113	0.6805	0.7009
August	0.7572	0.7077	0.7299
September	0.7582	0.7176	0.7310
October	0.7695	0.7203	0.7379
November	0.7861	0.7370	0.7594
December	0.7787	0.7342	0.7474