2011 ANG to ARS Historical Review

YEARLY HIGH

2.4081 ARS

YEARLY LOW

2.2174 ARS

YEARLY AVERAGE

2.3127 ARS

2011 ANG to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the ANG to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on November 14, valuing the pair at 2.4081. Conversely, the yearly low was recorded on January 2, dropping to 2.2174.

This high-to-low spread represents a total annual volatility of 0.1907 ARS. From a start-to-finish perspective, comparing the January average rate of 2.2222 to the December average rate of 2.3947, the exchange rate registered a net change of 7.76% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 2.4081 was up 8.16% compared to the 2010 peak of 2.2265, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 12,040 ARS

2010 Average 10,918 ARS

Yearly Trough Low 11,087 ARS

Transaction Impact: A difference of 953.28 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

2.4119

2.2050

JanuMarcMayJulySeptNove

ANG 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 2.2595, compared to 2.3660 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1066 points.

H1 Avg (Jan–Jun) 2.2595

H2 Avg (Jul–Dec) 2.3660

Volatility Range Comparison

Volatility

The most volatile month in 2011 was August, with a trading range of 0.0443 ARS (High: 2.3698 / Low: 2.3255). On the other end, September was the most stable month, with a tight range of 0.0120 ARS (High: 2.3768 / Low: 2.3648).

August Spread (Volatile) ±0.0443

September Spread (Stable) ±0.0120

Growth Streaks & Declines

Trends

Between January and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 11 straight months. No significant month-over-month rate declines were detected.

Longest Streak 11 Mo.

Sharpest MoM Drop -0.0000

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2011: 2.3897) against the same month in 2010 (average: 2.2144), the exchange rate shifted by +0.1753 (+7.91%).

2011 Avg (November) 2.3897

2010 Avg (November) 2.2144

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.2343	2.2174	2.2222
February	2.2496	2.2354	2.2451
March	2.2620	2.2477	2.2527
April	2.2791	2.2582	2.2697
May	2.2928	2.2750	2.2807
June	2.2932	2.2777	2.2863
July	2.3295	2.2903	2.3144
August	2.3698	2.3255	2.3450
September	2.3768	2.3648	2.3713
October	2.3922	2.3707	2.3810
November	2.4081	2.3770	2.3897
December	2.4032	2.3875	2.3947