2011 TOP to SHP Historical Review

YEARLY HIGH

0.3839 SHP

YEARLY LOW

0.3257 SHP

YEARLY AVERAGE

0.3558 SHP

2011 TOP to SHP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the TOP to SHP exchange rate experienced significant fluctuation. The market reached its absolute peak on August 10, valuing the pair at 0.3839. Conversely, the yearly low was recorded on April 24, dropping to 0.3257.

This high-to-low spread represents a total annual volatility of 0.0581 SHP. From a start-to-finish perspective, comparing the January average rate of 0.3408 to the December average rate of 0.3692, the exchange rate registered a net change of 8.31% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.3839 was up 8.05% compared to the 2010 peak of 0.3553, 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 1,919 SHP

2010 Average 1,681 SHP

Yearly Trough Low 1,629 SHP

Transaction Impact: A difference of 290.60 SHP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.3808

0.3292

JanuMarcMayJulySeptNove

TOP to SHP 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 0.3406, compared to 0.3711 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0305 points.

H1 Avg (Jan–Jun) 0.3406

H2 Avg (Jul–Dec) 0.3711

Volatility Range Comparison

Volatility

The most volatile month in 2011 was July, with a trading range of 0.0192 SHP (High: 0.3792 / Low: 0.3600). On the other end, February was the most stable month, with a tight range of 0.0051 SHP (High: 0.3372 / Low: 0.3321).

July Spread (Volatile) ±0.0192

February Spread (Stable) ±0.0051

Growth Streaks & Declines

Trends

Between April and September, 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 September and October, when the average rate fell by 0.0067 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0067

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2011: 0.3733) against the same month in 2010 (average: 0.3298), the exchange rate shifted by +0.0435 (+13.18%).

2011 Avg (August) 0.3733

2010 Avg (August) 0.3298

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3458	0.3352	0.3408
February	0.3372	0.3321	0.3345
March	0.3370	0.3277	0.3336
April	0.3398	0.3257	0.3335
May	0.3528	0.3372	0.3464
June	0.3627	0.3491	0.3544
July	0.3792	0.3600	0.3676
August	0.3839	0.3666	0.3733
September	0.3833	0.3680	0.3765
October	0.3773	0.3641	0.3698
November	0.3765	0.3597	0.3700
December	0.3780	0.3637	0.3692