2011 TOP to STD Historical Review

YEARLY HIGH

10969.8274 STD

YEARLY LOW

9042.8505 STD

YEARLY AVERAGE

10061.7150 STD

2011 TOP to STD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the TOP to STD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 14, valuing the pair at 10969.8274. Conversely, the yearly low was recorded on April 24, dropping to 9042.8505.

This high-to-low spread represents a total annual volatility of 1926.9769 STD. From a start-to-finish perspective, comparing the January average rate of 9882.3045 to the December average rate of 10671.3163, the exchange rate registered a net change of 7.98% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 10969.8274 was up 5.31% compared to the 2010 peak of 10417.1416, 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 54,849,137 STD

2010 Average 47,489,179 STD

Yearly Trough Low 45,214,253 STD

Transaction Impact: A difference of 9,634,884.31 STD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

10806.1605

9188.0302

JanuMarcMayJulySeptNove

TOP to STD 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 9651.2245, compared to 10472.2056 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 820.9811 points.

H1 Avg (Jan–Jun) 9651.2245

H2 Avg (Jul–Dec) 10472.2056

Volatility Range Comparison

Volatility

The most volatile month in 2011 was July, with a trading range of 815.7338 STD (High: 10647.5920 / Low: 9831.8581). On the other end, February was the most stable month, with a tight range of 269.0901 STD (High: 9839.3916 / Low: 9570.3015).

July Spread (Volatile) ±815.7338

February Spread (Stable) ±269.0901

Growth Streaks & Declines

Trends

Between April and August, 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 February and March, when the average rate fell by 259.1330 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -259.1330

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2011: 10671.3163) against the same month in 2010 (average: 9913.2322), the exchange rate shifted by +758.0841 (+7.65%).

2011 Avg (December) 10671.3163

2010 Avg (December) 9913.2322

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	10176.7188	9644.4469	9882.3045
February	9839.3916	9570.3015	9715.1828
March	9652.5181	9262.5621	9456.0498
April	9659.2071	9042.8505	9322.8744
May	9872.5262	9287.9020	9710.5232
June	10016.8101	9612.9768	9820.4123
July	10647.5920	9831.8581	10186.1434
August	10717.5785	10261.0451	10493.8535
September	10753.0850	10174.9541	10455.7841
October	10898.7091	10199.0947	10487.3995
November	10745.4824	10174.6422	10538.7365
December	10969.8274	10484.9569	10671.3163