2012 ARS to BWP Historical Review

YEARLY HIGH

1.7814 BWP

YEARLY LOW

1.5822 BWP

YEARLY AVERAGE

1.6807 BWP

2012 ARS to BWP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2012

During 2012, the ARS to BWP exchange rate experienced significant fluctuation. The market reached its absolute peak on June 27, valuing the pair at 1.7814. Conversely, the yearly low was recorded on December 31, dropping to 1.5822.

This high-to-low spread represents a total annual volatility of 0.1993 BWP. From a start-to-finish perspective, comparing the January average rate of 1.7259 to the December average rate of 1.6094, the exchange rate registered a net change of -6.75% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2012 high of 1.7814 was down 1.38% compared to the 2011 peak of 1.8064, 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 8,907 BWP

2011 Average 8,305 BWP

Yearly Trough Low 7,911 BWP

Transaction Impact: A difference of 996.36 BWP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2012.

1.7609

1.5957

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 1.7032, compared to 1.6582 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0450 points.

H1 Avg (Jan–Jun) 1.7032

H2 Avg (Jul–Dec) 1.6582

Volatility Range Comparison

Volatility

The most volatile month in 2012 was May, with a trading range of 0.1032 BWP (High: 1.7727 / Low: 1.6695). On the other end, March was the most stable month, with a tight range of 0.0317 BWP (High: 1.6847 / Low: 1.6530).

May Spread (Volatile) ±0.1032

March Spread (Stable) ±0.0317

Growth Streaks & Declines

Trends

Between February and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0602 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0602

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2012: 1.7471) against the same month in 2011 (average: 1.6008), the exchange rate shifted by +0.1463 (+9.14%).

2012 Avg (June) 1.7471

2011 Avg (June) 1.6008

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.7530	1.6805	1.7259
February	1.6887	1.6487	1.6657
March	1.6847	1.6530	1.6665
April	1.7205	1.6713	1.6924
May	1.7727	1.6695	1.7217
June	1.7814	1.6983	1.7471
July	1.7356	1.6763	1.7007
August	1.7019	1.6626	1.6758
September	1.6753	1.6213	1.6418
October	1.6946	1.6388	1.6619
November	1.6757	1.6406	1.6596
December	1.6459	1.5822	1.6094