2011 ARS to BBD Historical Review

YEARLY HIGH

0.5037 BBD

YEARLY LOW

0.4649 BBD

YEARLY AVERAGE

0.4849 BBD

2011 ARS to BBD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the ARS to BBD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.5037. Conversely, the yearly low was recorded on December 28, dropping to 0.4649.

This high-to-low spread represents a total annual volatility of 0.0387 BBD. From a start-to-finish perspective, comparing the January average rate of 0.5026 to the December average rate of 0.4666, the exchange rate registered a net change of -7.16% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.5037 was down 4.54% compared to the 2010 peak of 0.5276, 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 2,518 BBD

2010 Average 2,557 BBD

Yearly Trough Low 2,325 BBD

Transaction Impact: A difference of 193.68 BBD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.5062

0.4630

JanuMarcMayJulySeptNove

ARS to BBD 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 0.4943, compared to 0.4754 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0190 points.

H1 Avg (Jan–Jun) 0.4943

H2 Avg (Jul–Dec) 0.4754

Volatility Range Comparison

Volatility

The most volatile month in 2011 was August, with a trading range of 0.0076 BBD (High: 0.4840 / Low: 0.4765). On the other end, September was the most stable month, with a tight range of 0.0019 BBD (High: 0.4770 / Low: 0.4751).

August Spread (Volatile) ±0.0076

September Spread (Stable) ±0.0019

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 July and August, when the average rate fell by 0.0053 points.

Longest Streak 0 Mo.

Sharpest MoM Drop -0.0053

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2011: 0.5026) against the same month in 2010 (average: 0.5257), the exchange rate shifted by -0.0232 (-4.41%).

2011 Avg (January) 0.5026

2010 Avg (January) 0.5257

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5037	0.4999	0.5026
February	0.4996	0.4965	0.4975
March	0.4969	0.4937	0.4958
April	0.4946	0.4900	0.4921
May	0.4909	0.4871	0.4897
June	0.4903	0.4870	0.4885
July	0.4888	0.4832	0.4856
August	0.4840	0.4765	0.4804
September	0.4770	0.4751	0.4760
October	0.4758	0.4720	0.4741
November	0.4722	0.4673	0.4697
December	0.4680	0.4649	0.4666