2012 ARS to HNL Historical Review

YEARLY HIGH

4.4210 HNL

YEARLY LOW

4.0470 HNL

YEARLY AVERAGE

4.2525 HNL

2012 ARS to HNL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2012

During 2012, the ARS to HNL exchange rate experienced significant fluctuation. The market reached its absolute peak on January 13, valuing the pair at 4.4210. Conversely, the yearly low was recorded on December 30, dropping to 4.0470.

This high-to-low spread represents a total annual volatility of 0.3740 HNL. From a start-to-finish perspective, comparing the January average rate of 4.4096 to the December average rate of 4.0673, the exchange rate registered a net change of -7.76% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2012 high of 4.4210 was down 7.21% compared to the 2011 peak of 4.7647, 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 22,105 HNL

2011 Average 22,920 HNL

Yearly Trough Low 20,235 HNL

Transaction Impact: A difference of 1,870.10 HNL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2012.

4.4438

4.0330

JanuMarcMayJulySeptNove

ARS to HNL 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 4.3420, compared to 4.1630 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1789 points.

H1 Avg (Jan–Jun) 4.3420

H2 Avg (Jul–Dec) 4.1630

Volatility Range Comparison

Volatility

The most volatile month in 2012 was August, with a trading range of 0.0963 HNL (High: 4.2504 / Low: 4.1540). On the other end, January was the most stable month, with a tight range of 0.0276 HNL (High: 4.4210 / Low: 4.3934).

August Spread (Volatile) ±0.0963

January Spread (Stable) ±0.0276

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 June and July, when the average rate fell by 0.0607 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0607

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2012: 4.4096) against the same month in 2011 (average: 4.7545), the exchange rate shifted by -0.3449 (-7.25%).

2012 Avg (January) 4.4096

2011 Avg (January) 4.7545

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	4.4210	4.3934	4.4096
February	4.3992	4.3687	4.3855
March	4.3970	4.3579	4.3779
April	4.3633	4.3167	4.3369
May	4.3218	4.2657	4.2877
June	4.3140	4.2216	4.2542
July	4.2320	4.1605	4.1935
August	4.2504	4.1540	4.2249
September	4.2228	4.1789	4.1994
October	4.1860	4.1363	4.1672
November	4.1489	4.0941	4.1260
December	4.0952	4.0470	4.0673