2011 TOP to RWF Historical Review

YEARLY HIGH

371.4556 RWF

YEARLY LOW

314.5411 RWF

YEARLY AVERAGE

340.5114 RWF

2011 TOP to RWF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the TOP to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on August 4, valuing the pair at 371.4556. Conversely, the yearly low was recorded on January 13, dropping to 314.5411.

This high-to-low spread represents a total annual volatility of 56.9144 RWF. From a start-to-finish perspective, comparing the January average rate of 319.5346 to the December average rate of 345.5882, the exchange rate registered a net change of 8.15% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 371.4556 was up 15.35% compared to the 2010 peak of 322.0299, 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 1,857,278 RWF

2010 Average 1,511,456 RWF

Yearly Trough Low 1,572,706 RWF

Transaction Impact: A difference of 284,572.03 RWF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

368.4212

315.0904

JanuMarcMayJulySeptNove

TOP to RWF 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 328.3460, compared to 352.6768 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 24.3309 points.

H1 Avg (Jan–Jun) 328.3460

H2 Avg (Jul–Dec) 352.6768

Volatility Range Comparison

Volatility

The most volatile month in 2011 was July, with a trading range of 25.2967 RWF (High: 370.5387 / Low: 345.2420). On the other end, February was the most stable month, with a tight range of 3.4588 RWF (High: 323.8507 / Low: 320.3919).

July Spread (Volatile) ±25.2967

February Spread (Stable) ±3.4588

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 August and September, when the average rate fell by 9.6182 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -9.6182

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2011: 363.9769) against the same month in 2010 (average: 303.5204), the exchange rate shifted by +60.4566 (+19.92%).

2011 Avg (August) 363.9769

2010 Avg (August) 303.5204

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	323.9479	314.5411	319.5346
February	323.8507	320.3919	322.1417
March	324.3787	319.9393	321.5742
April	335.9694	320.7817	325.9841
May	340.1000	335.1841	337.8292
June	349.2072	339.7142	343.0120
July	370.5387	345.2420	354.3337
August	371.4556	359.2457	363.9769
September	366.5524	342.7176	354.3588
October	354.2248	339.0426	347.7688
November	356.0669	335.6506	350.0345
December	351.5629	341.6887	345.5882