2011 ZAR to TOP Historical Review

YEARLY HIGH

0.2825 TOP

YEARLY LOW

0.2015 TOP

YEARLY AVERAGE

0.2435 TOP

2011 ZAR to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the ZAR to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 0.2825. Conversely, the yearly low was recorded on November 23, dropping to 0.2015.

This high-to-low spread represents a total annual volatility of 0.0810 TOP. From a start-to-finish perspective, comparing the January average rate of 0.2687 to the December average rate of 0.2122, the exchange rate registered a net change of -21.03% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.2825 was up 0.08% compared to the 2010 peak of 0.2823, 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 14,125 TOP

2010 Average 13,174 TOP

Yearly Trough Low 10,076 TOP

Transaction Impact: A difference of 4,049.13 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.2787

0.2037

JanuMarcMayJulySeptNove

ZAR 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 0.2636, compared to 0.2234 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0401 points.

H1 Avg (Jan–Jun) 0.2636

H2 Avg (Jul–Dec) 0.2234

Volatility Range Comparison

Volatility

The most volatile month in 2011 was September, with a trading range of 0.0303 TOP (High: 0.2347 / Low: 0.2044). On the other end, June was the most stable month, with a tight range of 0.0089 TOP (High: 0.2596 / Low: 0.2508).

September Spread (Volatile) ±0.0303

June Spread (Stable) ±0.0089

Growth Streaks & Declines

Trends

Between February and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.0175 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0175

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2011: 0.2687) against the same month in 2010 (average: 0.2546), the exchange rate shifted by +0.0141 (+5.52%).

2011 Avg (January) 0.2687

2010 Avg (January) 0.2546

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2825	0.2580	0.2687
February	0.2662	0.2536	0.2581
March	0.2739	0.2629	0.2684
April	0.2803	0.2636	0.2725
May	0.2701	0.2503	0.2575
June	0.2596	0.2508	0.2563
July	0.2561	0.2407	0.2485
August	0.2405	0.2238	0.2310
September	0.2347	0.2044	0.2232
October	0.2237	0.2074	0.2157
November	0.2145	0.2015	0.2100
December	0.2167	0.2037	0.2122