0% Jul 14 1.60 1.45 1.30 1.15 1.00 0.85 0.70 Jul-10 Jan-11 —EURUSD spot .... USDZAR spot — EURZAR spot — EURZAR-USOZAR ro real xc — EURUSD aen rea€ al USDZiCR Om real AI — EUR24R am real w€ Jul-10 Jan-1I Jul-11 evc EURZ4R-USDZAR Om raw I carf r Jan-12 90% 80% 70% 60% 50% 40% 30% Jan-12