2011 TOP to SGD Historical Review

YEARLY HIGH

0.7697 SGD

YEARLY LOW

0.6648 SGD

YEARLY AVERAGE

0.7169 SGD

2011 TOP to SGD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the TOP to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on September 22, valuing the pair at 0.7697. Conversely, the yearly low was recorded on April 22, dropping to 0.6648.

This high-to-low spread represents a total annual volatility of 0.1049 SGD. From a start-to-finish perspective, comparing the January average rate of 0.6915 to the December average rate of 0.7461, the exchange rate registered a net change of 7.89% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.7697 was up 2.61% compared to the 2010 peak of 0.7501, 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 3,848 SGD

2010 Average 3,538 SGD

Yearly Trough Low 3,324 SGD

Transaction Impact: A difference of 524.34 SGD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.7613

0.6734

JanuMarcMayJulySeptNove

TOP to SGD 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 0.6924, compared to 0.7414 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0490 points.

H1 Avg (Jan–Jun) 0.6924

H2 Avg (Jul–Dec) 0.7414

Volatility Range Comparison

Volatility

The most volatile month in 2011 was September, with a trading range of 0.0484 SGD (High: 0.7697 / Low: 0.7213). On the other end, February was the most stable month, with a tight range of 0.0067 SGD (High: 0.6922 / Low: 0.6856).

September Spread (Volatile) ±0.0484

February Spread (Stable) ±0.0067

Growth Streaks & Declines

Trends

Between April and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0079 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.0079

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2011: 0.7431) against the same month in 2010 (average: 0.6864), the exchange rate shifted by +0.0568 (+8.27%).

2011 Avg (September) 0.7431

2010 Avg (September) 0.6864

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6963	0.6814	0.6915
February	0.6922	0.6856	0.6884
March	0.6906	0.6770	0.6835
April	0.6901	0.6648	0.6808
May	0.7103	0.6890	0.7012
June	0.7189	0.7041	0.7090
July	0.7456	0.7065	0.7220
August	0.7562	0.7278	0.7386
September	0.7697	0.7213	0.7431
October	0.7635	0.7300	0.7444
November	0.7669	0.7282	0.7540
December	0.7651	0.7371	0.7461