2011 ARS to HRK Historical Review

YEARLY HIGH

1.4406 HRK

YEARLY LOW

1.2153 HRK

YEARLY AVERAGE

1.2964 HRK

2011 ARS to HRK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the ARS to HRK exchange rate experienced significant fluctuation. The market reached its absolute peak on January 10, valuing the pair at 1.4406. Conversely, the yearly low was recorded on April 29, dropping to 1.2153.

This high-to-low spread represents a total annual volatility of 0.2253 HRK. From a start-to-finish perspective, comparing the January average rate of 1.3917 to the December average rate of 1.3304, the exchange rate registered a net change of -4.41% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 1.4406 was down 6.88% compared to the 2010 peak of 1.5469, 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 7,203 HRK

2010 Average 7,036 HRK

Yearly Trough Low 6,077 HRK

Transaction Impact: A difference of 1,126.30 HRK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

1.4058

1.2364

JanuMarcMayJulySeptNove

ARS to HRK 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 1.3046, compared to 1.2883 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0163 points.

H1 Avg (Jan–Jun) 1.3046

H2 Avg (Jul–Dec) 1.2883

Volatility Range Comparison

Volatility

The most volatile month in 2011 was October, with a trading range of 0.1023 HRK (High: 1.3516 / Low: 1.2493). On the other end, February was the most stable month, with a tight range of 0.0373 HRK (High: 1.3705 / Low: 1.3332).

October Spread (Volatile) ±0.1023

February Spread (Stable) ±0.0373

Growth Streaks & Declines

Trends

Between October and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0549 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0549

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2011: 1.3917) against the same month in 2010 (average: 1.3448), the exchange rate shifted by +0.0469 (+3.49%).

2011 Avg (January) 1.3917

2010 Avg (January) 1.3448

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.4406	1.3533	1.3917
February	1.3705	1.3332	1.3516
March	1.3323	1.2823	1.3086
April	1.2852	1.2153	1.2536
May	1.2970	1.2154	1.2642
June	1.2854	1.2413	1.2577
July	1.2978	1.2414	1.2628
August	1.2701	1.2327	1.2505
September	1.3275	1.2475	1.2946
October	1.3516	1.2493	1.2932
November	1.3276	1.2795	1.2981
December	1.3571	1.2995	1.3304