2011 ARS to CDF Historical Review

YEARLY HIGH

230.3687 CDF

YEARLY LOW

209.3907 CDF

YEARLY AVERAGE

220.9819 CDF

2011 ARS to CDF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the ARS to CDF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 4, valuing the pair at 230.3687. Conversely, the yearly low was recorded on December 5, dropping to 209.3907.

This high-to-low spread represents a total annual volatility of 20.9780 CDF. From a start-to-finish perspective, comparing the January average rate of 227.8301 to the December average rate of 211.0335, the exchange rate registered a net change of -7.37% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 230.3687 was down 3.58% compared to the 2010 peak of 238.9280, 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 1,151,844 CDF

2010 Average 1,145,085 CDF

Yearly Trough Low 1,046,953 CDF

Transaction Impact: A difference of 104,890.07 CDF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

229.5098

209.3539

JanuMarcMayJulySeptNove

ARS to CDF 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 225.2348, compared to 216.7290 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 8.5058 points.

H1 Avg (Jan–Jun) 225.2348

H2 Avg (Jul–Dec) 216.7290

Volatility Range Comparison

Volatility

The most volatile month in 2011 was January, with a trading range of 6.9238 CDF (High: 230.3687 / Low: 223.4449). On the other end, May was the most stable month, with a tight range of 1.6667 CDF (High: 224.3051 / Low: 222.6384).

January Spread (Volatile) ±6.9238

May Spread (Stable) ±1.6667

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 October and November, when the average rate fell by 3.3754 points.

Longest Streak 0 Mo.

Sharpest MoM Drop -3.3754

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2011: 227.8301) against the same month in 2010 (average: 234.8569), the exchange rate shifted by -7.0268 (-2.99%).

2011 Avg (January) 227.8301

2010 Avg (January) 234.8569

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	230.3687	223.4449	227.8301
February	228.8339	225.7879	227.6675
March	228.4516	224.4627	226.3493
April	225.8208	222.8766	224.2132
May	224.3051	222.6384	223.5952
June	224.3616	220.0381	221.7532
July	222.9936	219.9425	221.4757
August	220.4443	217.3870	218.8885
September	219.1032	216.9927	217.9715
October	219.5465	215.3891	217.1901
November	215.9118	211.5001	213.8147
December	212.7319	209.3907	211.0335