2011 ARS to AZN Historical Review

YEARLY HIGH

0.2008 AZN

YEARLY LOW

0.1827 AZN

YEARLY AVERAGE

0.1913 AZN

2011 ARS to AZN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the ARS to AZN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.2008. Conversely, the yearly low was recorded on December 28, dropping to 0.1827.

This high-to-low spread represents a total annual volatility of 0.0181 AZN. From a start-to-finish perspective, comparing the January average rate of 0.2003 to the December average rate of 0.1834, the exchange rate registered a net change of -8.44% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.2008 was down 10.42% compared to the 2010 peak of 0.2242, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,004 AZN

2010 Average 1,031 AZN

Yearly Trough Low 913 AZN

Transaction Impact: A difference of 90.58 AZN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.2020

0.1817

JanuMarcMayJulySeptNove

ARS to AZN 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 0.1958, compared to 0.1869 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0090 points.

H1 Avg (Jan–Jun) 0.1958

H2 Avg (Jul–Dec) 0.1869

Volatility Range Comparison

Volatility

The most volatile month in 2011 was August, with a trading range of 0.0030 AZN (High: 0.1902 / Low: 0.1873). On the other end, September was the most stable month, with a tight range of 0.0008 AZN (High: 0.1875 / Low: 0.1868).

August Spread (Volatile) ±0.0030

September Spread (Stable) ±0.0008

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2011. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0026 points.

Longest Streak 0 Mo.

Sharpest MoM Drop -0.0026

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2011: 0.2003) against the same month in 2010 (average: 0.2109), the exchange rate shifted by -0.0106 (-5.03%).

2011 Avg (January) 0.2003

2010 Avg (January) 0.2109

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2008	0.1989	0.2003
February	0.1988	0.1970	0.1977
March	0.1970	0.1956	0.1966
April	0.1958	0.1938	0.1947
May	0.1941	0.1925	0.1934
June	0.1934	0.1914	0.1924
July	0.1921	0.1900	0.1909
August	0.1902	0.1873	0.1888
September	0.1875	0.1868	0.1871
October	0.1871	0.1855	0.1864
November	0.1857	0.1837	0.1846
December	0.1839	0.1827	0.1834