2013 ARS to BAM Historical Review

YEARLY HIGH

0.3043 BAM

YEARLY LOW

0.2177 BAM

YEARLY AVERAGE

0.2710 BAM

2013 ARS to BAM Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2013

During 2013, the ARS to BAM exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 0.3043. Conversely, the yearly low was recorded on December 30, dropping to 0.2177.

This high-to-low spread represents a total annual volatility of 0.0866 BAM. From a start-to-finish perspective, comparing the January average rate of 0.2977 to the December average rate of 0.2256, the exchange rate registered a net change of -24.24% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2013 high of 0.3043 was down 15.15% compared to the 2012 peak of 0.3586, 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 1,522 BAM

2012 Average 1,678 BAM

Yearly Trough Low 1,089 BAM

Transaction Impact: A difference of 433.01 BAM purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2013.

0.3050

0.2183

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 0.2909, compared to 0.2511 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0398 points.

H1 Avg (Jan–Jun) 0.2909

H2 Avg (Jul–Dec) 0.2511

Volatility Range Comparison

Volatility

The most volatile month in 2013 was December, with a trading range of 0.0170 BAM (High: 0.2347 / Low: 0.2177). On the other end, March was the most stable month, with a tight range of 0.0046 BAM (High: 0.2985 / Low: 0.2938).

December Spread (Volatile) ±0.0170

March Spread (Stable) ±0.0046

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2013. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0157 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0157

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2013: 0.2977) against the same month in 2012 (average: 0.3514), the exchange rate shifted by -0.0536 (-15.26%).

2013 Avg (January) 0.2977

2012 Avg (January) 0.3514

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3043	0.2899	0.2977
February	0.2969	0.2880	0.2925
March	0.2985	0.2938	0.2967
April	0.2984	0.2875	0.2918
May	0.2912	0.2852	0.2881
June	0.2851	0.2742	0.2787
July	0.2827	0.2677	0.2752
August	0.2686	0.2593	0.2634
September	0.2614	0.2501	0.2557
October	0.2499	0.2410	0.2455
November	0.2456	0.2346	0.2413
December	0.2347	0.2177	0.2256