2011 ARS to HTG Historical Review

YEARLY HIGH

10.2353 HTG

YEARLY LOW

9.3747 HTG

YEARLY AVERAGE

9.8435 HTG

2011 ARS to HTG Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the ARS to HTG exchange rate experienced significant fluctuation. The market reached its absolute peak on January 27, valuing the pair at 10.2353. Conversely, the yearly low was recorded on December 29, dropping to 9.3747.

This high-to-low spread represents a total annual volatility of 0.8606 HTG. From a start-to-finish perspective, comparing the January average rate of 10.1171 to the December average rate of 9.4377, the exchange rate registered a net change of -6.72% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 10.2353 was down 3.59% compared to the 2010 peak of 10.6166, 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 51,177 HTG

2010 Average 51,362 HTG

Yearly Trough Low 46,873 HTG

Transaction Impact: A difference of 4,303.16 HTG purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

10.2079

9.3677

JanuMarcMayJulySeptNove

ARS to HTG 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 10.0395, compared to 9.6475 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.3920 points.

H1 Avg (Jan–Jun) 10.0395

H2 Avg (Jul–Dec) 9.6475

Volatility Range Comparison

Volatility

The most volatile month in 2011 was August, with a trading range of 0.2241 HTG (High: 9.8831 / Low: 9.6589). On the other end, December was the most stable month, with a tight range of 0.1163 HTG (High: 9.4909 / Low: 9.3747).

August Spread (Volatile) ±0.2241

December Spread (Stable) ±0.1163

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 0.1268 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.1268

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2011: 10.1171) against the same month in 2010 (average: 10.5656), the exchange rate shifted by -0.4484 (-4.24%).

2011 Avg (January) 10.1171

2010 Avg (January) 10.5656

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	10.2353	10.0256	10.1171
February	10.1971	10.0754	10.1379
March	10.1481	9.9805	10.0832
April	10.1015	9.8900	9.9994
May	10.0153	9.8824	9.9681
June	9.9971	9.8448	9.9311
July	9.9636	9.7488	9.8494
August	9.8831	9.6589	9.7503
September	9.7311	9.5903	9.6630
October	9.7186	9.5888	9.6557
November	9.6417	9.4443	9.5289
December	9.4909	9.3747	9.4377