2012 ARS to IRR Historical Review

YEARLY HIGH

2783.1960 IRR

YEARLY LOW

2496.8310 IRR

YEARLY AVERAGE

2656.6569 IRR

2012 ARS to IRR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2012

During 2012, the ARS to IRR exchange rate experienced significant fluctuation. The market reached its absolute peak on May 1, valuing the pair at 2783.1960. Conversely, the yearly low was recorded on December 30, dropping to 2496.8310.

This high-to-low spread represents a total annual volatility of 286.3651 IRR. From a start-to-finish perspective, comparing the January average rate of 2604.6440 to the December average rate of 2520.0148, the exchange rate registered a net change of -3.25% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2012 high of 2783.1960 was down 2.00% compared to the 2011 peak of 2840.1173, 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 13,915,980 IRR

2011 Average 12,753,152 IRR

Yearly Trough Low 12,484,155 IRR

Transaction Impact: A difference of 1,431,825.26 IRR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2012.

2783.9380

2496.0218

JanuMarcMayJulySeptNove

ARS to IRR 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 2700.1726, compared to 2613.1413 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 87.0313 points.

H1 Avg (Jan–Jun) 2700.1726

H2 Avg (Jul–Dec) 2613.1413

Volatility Range Comparison

Volatility

The most volatile month in 2012 was February, with a trading range of 112.2347 IRR (High: 2715.7303 / Low: 2603.4956). On the other end, March was the most stable month, with a tight range of 23.3497 IRR (High: 2723.3901 / Low: 2700.0403).

February Spread (Volatile) ±112.2347

March Spread (Stable) ±23.3497

Growth Streaks & Declines

Trends

Between January and March, 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 November and December, when the average rate fell by 45.0233 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -45.0233

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2012: 2759.9450) against the same month in 2011 (average: 2581.1679), the exchange rate shifted by +178.7771 (+6.93%).

2012 Avg (May) 2759.9450

2011 Avg (May) 2581.1679

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2617.4892	2559.9694	2604.6440
February	2715.7303	2603.4956	2679.7978
March	2723.3901	2700.0403	2712.1992
April	2782.8753	2678.0839	2704.6763
May	2783.1960	2743.4266	2759.9450
June	2778.7084	2717.7088	2739.7731
July	2723.1538	2677.5918	2701.2003
August	2694.5757	2648.2183	2665.1824
September	2646.0202	2610.5257	2625.9217
October	2617.3256	2578.9154	2601.4904
November	2589.8931	2537.8731	2565.0381
December	2546.1953	2496.8310	2520.0148