2011 TRY to TOP Historical Review

YEARLY HIGH

1.2378 TOP

YEARLY LOW

0.9059 TOP

YEARLY AVERAGE

1.0533 TOP

2011 TRY to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the TRY to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on April 8, valuing the pair at 1.2378. Conversely, the yearly low was recorded on October 4, dropping to 0.9059.

This high-to-low spread represents a total annual volatility of 0.3320 TOP. From a start-to-finish perspective, comparing the January average rate of 1.1877 to the December average rate of 0.9286, the exchange rate registered a net change of -21.82% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 1.2378 was down 9.28% compared to the 2010 peak of 1.3645, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 TRY based on timing:

Yearly Peak High 61,891 TOP

2010 Average 63,921 TOP

Yearly Trough Low 45,293 TOP

Transaction Impact: A difference of 16,597.88 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

1.2321

0.9010

JanuMarcMayJulySeptNove

TRY to TOP 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 1.1570, compared to 0.9496 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.2073 points.

H1 Avg (Jan–Jun) 1.1570

H2 Avg (Jul–Dec) 0.9496

Volatility Range Comparison

Volatility

The most volatile month in 2011 was July, with a trading range of 0.1188 TOP (High: 1.0695 / Low: 0.9507). On the other end, February was the most stable month, with a tight range of 0.0226 TOP (High: 1.1762 / Low: 1.1536).

July Spread (Volatile) ±0.1188

February Spread (Stable) ±0.0226

Growth Streaks & Declines

Trends

Between August and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.0856 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0856

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2011: 1.2045) against the same month in 2010 (average: 1.2903), the exchange rate shifted by -0.0858 (-6.65%).

2011 Avg (April) 1.2045

2010 Avg (April) 1.2903

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.2180	1.1557	1.1877
February	1.1762	1.1536	1.1662
March	1.2024	1.1384	1.1753
April	1.2378	1.1698	1.2045
May	1.1698	1.0945	1.1211
June	1.1074	1.0495	1.0872
July	1.0695	0.9507	1.0184
August	0.9593	0.9155	0.9328
September	0.9538	0.9249	0.9364
October	0.9671	0.9059	0.9380
November	0.9614	0.9185	0.9437
December	0.9474	0.9072	0.9286