2012 ARS to BBD Historical Review

YEARLY HIGH

0.4650 BBD

YEARLY LOW

0.4069 BBD

YEARLY AVERAGE

0.4406 BBD

2012 ARS to BBD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2012

During 2012, the ARS to BBD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.4650. Conversely, the yearly low was recorded on December 31, dropping to 0.4069.

This high-to-low spread represents a total annual volatility of 0.0581 BBD. From a start-to-finish perspective, comparing the January average rate of 0.4631 to the December average rate of 0.4100, the exchange rate registered a net change of -11.47% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2012 high of 0.4650 was down 7.67% compared to the 2011 peak of 0.5037, 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 2,325 BBD

2011 Average 2,424 BBD

Yearly Trough Low 2,035 BBD

Transaction Impact: A difference of 290.63 BBD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2012.

0.4684

0.4047

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 0.4557, compared to 0.4255 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0302 points.

H1 Avg (Jan–Jun) 0.4557

H2 Avg (Jul–Dec) 0.4255

Volatility Range Comparison

Volatility

The most volatile month in 2012 was June, with a trading range of 0.0097 BBD (High: 0.4525 / Low: 0.4428). On the other end, February was the most stable month, with a tight range of 0.0030 BBD (High: 0.4616 / Low: 0.4586).

June Spread (Volatile) ±0.0097

February Spread (Stable) ±0.0030

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2012. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0073 points.

Longest Streak 0 Mo.

Sharpest MoM Drop -0.0073

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2012: 0.4631) against the same month in 2011 (average: 0.5026), the exchange rate shifted by -0.0395 (-7.86%).

2012 Avg (January) 0.4631

2011 Avg (January) 0.5026

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4650	0.4612	0.4631
February	0.4616	0.4586	0.4602
March	0.4614	0.4574	0.4593
April	0.4577	0.4532	0.4552
May	0.4534	0.4474	0.4499
June	0.4525	0.4428	0.4465
July	0.4434	0.4368	0.4398
August	0.4373	0.4318	0.4343
September	0.4316	0.4257	0.4284
October	0.4258	0.4197	0.4233
November	0.4198	0.4139	0.4172
December	0.4136	0.4069	0.4100