2011 AFN to ARS Historical Review

YEARLY HIGH

0.0979 ARS

YEARLY LOW

0.0870 ARS

YEARLY AVERAGE

0.0934 ARS

2011 AFN to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the AFN to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on September 8, valuing the pair at 0.0979. Conversely, the yearly low was recorded on September 27, dropping to 0.0870.

This high-to-low spread represents a total annual volatility of 0.0110 ARS. From a start-to-finish perspective, comparing the January average rate of 0.0925 to the December average rate of 0.0923, the exchange rate registered a net change of -0.16% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.0979 was up 5.67% compared to the 2010 peak of 0.0927, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 AFN based on timing:

Yearly Peak High 490 ARS

2010 Average 433 ARS

Yearly Trough Low 435 ARS

Transaction Impact: A difference of 54.76 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.0978

0.0864

JanuMarcMayJulySeptNove

AFN to ARS 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 0.0940, compared to 0.0927 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0013 points.

H1 Avg (Jan–Jun) 0.0940

H2 Avg (Jul–Dec) 0.0927

Volatility Range Comparison

Volatility

The most volatile month in 2011 was September, with a trading range of 0.0110 ARS (High: 0.0979 / Low: 0.0870). On the other end, February was the most stable month, with a tight range of 0.0006 ARS (High: 0.0936 / Low: 0.0930).

September Spread (Volatile) ±0.0110

February Spread (Stable) ±0.0006

Growth Streaks & Declines

Trends

Between January and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0083 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.0083

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2011: 0.0956) against the same month in 2010 (average: 0.0895), the exchange rate shifted by +0.0060 (+6.72%).

2011 Avg (September) 0.0956

2010 Avg (September) 0.0895

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0930	0.0923	0.0925
February	0.0936	0.0930	0.0934
March	0.0941	0.0934	0.0937
April	0.0949	0.0940	0.0945
May	0.0955	0.0947	0.0949
June	0.0955	0.0941	0.0951
July	0.0962	0.0951	0.0957
August	0.0977	0.0961	0.0968
September	0.0979	0.0870	0.0956
October	0.0877	0.0870	0.0873
November	0.0936	0.0876	0.0885
December	0.0943	0.0885	0.0923