2011 ZAR to ETB Historical Review

YEARLY HIGH

2.5553 ETB

YEARLY LOW

1.7452 ETB

YEARLY AVERAGE

2.1984 ETB

2011 ZAR to ETB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the ZAR to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on April 30, valuing the pair at 2.5553. Conversely, the yearly low was recorded on February 14, dropping to 1.7452.

This high-to-low spread represents a total annual volatility of 0.8102 ETB. From a start-to-finish perspective, comparing the January average rate of 1.8378 to the December average rate of 2.1086, the exchange rate registered a net change of 14.73% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 2.5553 was up 33.24% compared to the 2010 peak of 1.9179, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 127,766 ETB

2010 Average 79,682 ETB

Yearly Trough Low 87,258 ETB

Transaction Impact: A difference of 40,507.77 ETB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

2.5783

1.7027

JanuMarcMayJulySeptNove

ZAR to ETB 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 2.1379, compared to 2.2589 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1210 points.

H1 Avg (Jan–Jun) 2.1379

H2 Avg (Jul–Dec) 2.2589

Volatility Range Comparison

Volatility

The most volatile month in 2011 was April, with a trading range of 0.6528 ETB (High: 2.5553 / Low: 1.9025). On the other end, June was the most stable month, with a tight range of 0.0537 ETB (High: 2.5119 / Low: 2.4582).

April Spread (Volatile) ±0.6528

June Spread (Stable) ±0.0537

Growth Streaks & Declines

Trends

Between February and July, 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 0.1336 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.1336

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2011: 2.4203) against the same month in 2010 (average: 1.5247), the exchange rate shifted by +0.8956 (+58.74%).

2011 Avg (April) 2.4203

2010 Avg (April) 1.5247

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.9243	1.7733	1.8378
February	1.8343	1.7452	1.7757
March	1.8868	1.8049	1.8493
April	2.5553	1.9025	2.4203
May	2.5553	2.3908	2.4554
June	2.5119	2.4582	2.4888
July	2.5521	2.4282	2.5053
August	2.5407	2.3459	2.4054
September	2.4363	2.0463	2.2719
October	2.2183	2.0618	2.1535
November	2.1784	2.0101	2.1088
December	2.1505	2.0538	2.1086