2012 AOA to ARS Historical Review

YEARLY HIGH

0.0513 ARS

YEARLY LOW

0.0453 ARS

YEARLY AVERAGE

0.0476 ARS

2012 AOA to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2012

During 2012, the AOA to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 0.0513. Conversely, the yearly low was recorded on January 12, dropping to 0.0453.

This high-to-low spread represents a total annual volatility of 0.0060 ARS. From a start-to-finish perspective, comparing the January average rate of 0.0455 to the December average rate of 0.0509, the exchange rate registered a net change of 12.01% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2012 high of 0.0513 was up 13.02% compared to the 2011 peak of 0.0454, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 256 ARS

2011 Average 221 ARS

Yearly Trough Low 226 ARS

Transaction Impact: A difference of 30.10 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2012.

0.0515

0.0449

JanuMarcMayJulySeptNove

AOA 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 0.0462, compared to 0.0491 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0030 points.

H1 Avg (Jan–Jun) 0.0462

H2 Avg (Jul–Dec) 0.0491

Volatility Range Comparison

Volatility

The most volatile month in 2012 was July, with a trading range of 0.0022 ARS (High: 0.0480 / Low: 0.0458). On the other end, January was the most stable month, with a tight range of 0.0004 ARS (High: 0.0457 / Low: 0.0453).

July Spread (Volatile) ±0.0022

January Spread (Stable) ±0.0004

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 (December 2012: 0.0509) against the same month in 2011 (average: 0.0452), the exchange rate shifted by +0.0057 (+12.66%).

2012 Avg (December) 0.0509

2011 Avg (December) 0.0452

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0457	0.0453	0.0455
February	0.0460	0.0455	0.0457
March	0.0464	0.0455	0.0458
April	0.0464	0.0459	0.0462
May	0.0469	0.0463	0.0467
June	0.0474	0.0463	0.0470
July	0.0480	0.0458	0.0471
August	0.0486	0.0479	0.0483
September	0.0492	0.0485	0.0489
October	0.0498	0.0491	0.0495
November	0.0505	0.0498	0.0501
December	0.0513	0.0505	0.0509