2011 TOP to RUB Historical Review

YEARLY HIGH

19.0593 RUB

YEARLY LOW

15.0133 RUB

YEARLY AVERAGE

16.7797 RUB

2011 TOP to RUB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the TOP to RUB exchange rate experienced significant fluctuation. The market reached its absolute peak on October 4, valuing the pair at 19.0593. Conversely, the yearly low was recorded on April 25, dropping to 15.0133.

This high-to-low spread represents a total annual volatility of 4.0460 RUB. From a start-to-finish perspective, comparing the January average rate of 16.2237 to the December average rate of 18.1539, the exchange rate registered a net change of 11.90% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 19.0593 was up 11.46% compared to the 2010 peak of 17.0996, 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 95,297 RUB

2010 Average 78,874 RUB

Yearly Trough Low 75,067 RUB

Transaction Impact: A difference of 20,230.12 RUB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

18.5360

15.0237

JanuMarcMayJulySeptNove

TOP to RUB 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 15.7558, compared to 17.8035 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 2.0478 points.

H1 Avg (Jan–Jun) 15.7558

H2 Avg (Jul–Dec) 17.8035

Volatility Range Comparison

Volatility

The most volatile month in 2011 was September, with a trading range of 1.3943 RUB (High: 18.9956 / Low: 17.6013). On the other end, March was the most stable month, with a tight range of 0.3787 RUB (High: 15.5078 / Low: 15.1292).

September Spread (Volatile) ±1.3943

March Spread (Stable) ±0.3787

Growth Streaks & Declines

Trends

Between March and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.4624 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.4624

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2011: 18.2340) against the same month in 2010 (average: 15.9459), the exchange rate shifted by +2.2881 (+14.35%).

2011 Avg (October) 18.2340

2010 Avg (October) 15.9459

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	16.5244	15.9941	16.2237
February	16.0111	15.5096	15.7787
March	15.5078	15.1292	15.3164
April	15.5915	15.0133	15.3274
May	16.2600	15.4414	15.8184
June	16.3779	15.8388	16.0701
July	17.2013	16.1580	16.5583
August	18.2956	17.1391	17.6040
September	18.9956	17.6013	18.2433
October	19.0593	17.6802	18.2340
November	18.4053	17.5589	18.0278
December	18.6126	17.7174	18.1539