2011 ARS to BWP Historical Review

YEARLY HIGH

1.8064 BWP

YEARLY LOW

1.5571 BWP

YEARLY AVERAGE

1.6611 BWP

2011 ARS to BWP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the ARS to BWP exchange rate experienced significant fluctuation. The market reached its absolute peak on November 27, valuing the pair at 1.8064. Conversely, the yearly low was recorded on May 1, dropping to 1.5571.

This high-to-low spread represents a total annual volatility of 0.2493 BWP. From a start-to-finish perspective, comparing the January average rate of 1.6691 to the December average rate of 1.7531, the exchange rate registered a net change of 5.03% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 1.8064 was down 4.01% compared to the 2010 peak of 1.8819, 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 9,032 BWP

2010 Average 8,722 BWP

Yearly Trough Low 7,785 BWP

Transaction Impact: A difference of 1,246.43 BWP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

1.7690

1.5778

JanuMarcMayJulySeptNove

ARS to BWP 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 1.6337, compared to 1.6885 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0548 points.

H1 Avg (Jan–Jun) 1.6337

H2 Avg (Jul–Dec) 1.6885

Volatility Range Comparison

Volatility

The most volatile month in 2011 was September, with a trading range of 0.1988 BWP (High: 1.7967 / Low: 1.5979). On the other end, June was the most stable month, with a tight range of 0.0394 BWP (High: 1.6248 / Low: 1.5855).

September Spread (Volatile) ±0.1988

June Spread (Stable) ±0.0394

Growth Streaks & Declines

Trends

Between July and December, 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 March and April, when the average rate fell by 0.0487 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0487

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2011: 1.7527) against the same month in 2010 (average: 1.6694), the exchange rate shifted by +0.0833 (+4.99%).

2011 Avg (November) 1.7527

2010 Avg (November) 1.6694

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.6930	1.6243	1.6691
February	1.7113	1.6509	1.6876
March	1.6663	1.6154	1.6424
April	1.6189	1.5571	1.5938
May	1.6449	1.5571	1.6083
June	1.6248	1.5855	1.6008
July	1.6266	1.5643	1.5942
August	1.6576	1.5710	1.6176
September	1.7967	1.5979	1.6797
October	1.8009	1.6816	1.7336
November	1.8064	1.7109	1.7527
December	1.7883	1.7208	1.7531