2010 ARS to BAM Historical Review

YEARLY HIGH

0.4175 BAM

YEARLY LOW

0.3473 BAM

YEARLY AVERAGE

0.3780 BAM

2010 ARS to BAM Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2010

During 2010, the ARS to BAM exchange rate experienced significant fluctuation. The market reached its absolute peak on June 8, valuing the pair at 0.4175. Conversely, the yearly low was recorded on November 4, dropping to 0.3473.

This high-to-low spread represents a total annual volatility of 0.0702 BAM. From a start-to-finish perspective, comparing the January average rate of 0.3609 to the December average rate of 0.3726, the exchange rate registered a net change of 3.24% (reflecting a strengthening trend).

Transfer Payout Power Comparison

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

Yearly Peak High 2,087 BAM

Yearly Average 1,890 BAM

Yearly Trough Low 1,737 BAM

Transaction Impact: A difference of 350.88 BAM purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2010.

0.4143

0.3508

JanuMarcMayJulySeptNove

ARS to BAM 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 0.3818, compared to 0.3743 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0075 points.

H1 Avg (Jan–Jun) 0.3818

H2 Avg (Jul–Dec) 0.3743

Volatility Range Comparison

Volatility

The most volatile month in 2010 was November, with a trading range of 0.0308 BAM (High: 0.3782 / Low: 0.3473). On the other end, October was the most stable month, with a tight range of 0.0074 BAM (High: 0.3602 / Low: 0.3528).

November Spread (Volatile) ±0.0308

October Spread (Stable) ±0.0074

Growth Streaks & Declines

Trends

Between January and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0236 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0236

Same-Month Historical Baseline

YoY Baseline

Historical data for the previous year (2009) is currently unavailable. Strongest month average for June 2010 is 0.4090.

2010 Avg (June) 0.4090

Baseline Avg N/A

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3684	0.3546	0.3609
February	0.3751	0.3659	0.3721
March	0.3800	0.3685	0.3738
April	0.3810	0.3701	0.3762
May	0.4097	0.3803	0.3988
June	0.4175	0.4030	0.4090
July	0.4058	0.3811	0.3900
August	0.3918	0.3758	0.3858
September	0.3899	0.3619	0.3796
October	0.3602	0.3528	0.3561
November	0.3782	0.3473	0.3617
December	0.3768	0.3672	0.3726