2011 ALL to ARS Historical Review

YEARLY HIGH

0.0433 ARS

YEARLY LOW

0.0372 ARS

YEARLY AVERAGE

0.0409 ARS

2011 ALL to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the ALL to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on August 29, valuing the pair at 0.0433. Conversely, the yearly low was recorded on January 10, dropping to 0.0372.

This high-to-low spread represents a total annual volatility of 0.0061 ARS. From a start-to-finish perspective, comparing the January average rate of 0.0383 to the December average rate of 0.0408, the exchange rate registered a net change of 6.52% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.0433 was up 6.87% compared to the 2010 peak of 0.0405, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 216 ARS

2010 Average 188 ARS

Yearly Trough Low 186 ARS

Transaction Impact: A difference of 30.45 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.0431

0.0379

JanuMarcMayJulySeptNove

ALL 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 0.0404, compared to 0.0415 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0011 points.

H1 Avg (Jan–Jun) 0.0404

H2 Avg (Jul–Dec) 0.0415

Volatility Range Comparison

Volatility

The most volatile month in 2011 was October, with a trading range of 0.0028 ARS (High: 0.0423 / Low: 0.0395). On the other end, February was the most stable month, with a tight range of 0.0010 ARS (High: 0.0398 / Low: 0.0388).

October Spread (Volatile) ±0.0028

February Spread (Stable) ±0.0010

Growth Streaks & Declines

Trends

Between January and April, 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 August and September, when the average rate fell by 0.0014 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0014

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2011: 0.0427) against the same month in 2010 (average: 0.0373), the exchange rate shifted by +0.0054 (+14.51%).

2011 Avg (August) 0.0427

2010 Avg (August) 0.0373

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0392	0.0372	0.0383
February	0.0398	0.0388	0.0393
March	0.0408	0.0397	0.0403
April	0.0426	0.0409	0.0415
May	0.0426	0.0405	0.0413
June	0.0421	0.0410	0.0415
July	0.0427	0.0412	0.0421
August	0.0433	0.0419	0.0427
September	0.0427	0.0402	0.0412
October	0.0423	0.0395	0.0411
November	0.0414	0.0403	0.0410
December	0.0422	0.0402	0.0408