2013 ARS to MDL Historical Review

YEARLY HIGH

2.4682 MDL

YEARLY LOW

1.9884 MDL

YEARLY AVERAGE

2.2990 MDL

2013 ARS to MDL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2013

During 2013, the ARS to MDL exchange rate experienced significant fluctuation. The market reached its absolute peak on January 11, valuing the pair at 2.4682. Conversely, the yearly low was recorded on December 18, dropping to 1.9884.

This high-to-low spread represents a total annual volatility of 0.4798 MDL. From a start-to-finish perspective, comparing the January average rate of 2.4519 to the December average rate of 2.0427, the exchange rate registered a net change of -16.69% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2013 high of 2.4682 was down 11.31% compared to the 2012 peak of 2.7830, 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 12,341 MDL

2012 Average 13,317 MDL

Yearly Trough Low 9,942 MDL

Transaction Impact: A difference of 2,399.09 MDL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2013.

2.4928

2.0018

JanuMarcMayJulySeptNove

ARS to MDL 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 2.3972, compared to 2.2008 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1965 points.

H1 Avg (Jan–Jun) 2.3972

H2 Avg (Jul–Dec) 2.2008

Volatility Range Comparison

Volatility

The most volatile month in 2013 was December, with a trading range of 0.1513 MDL (High: 2.1397 / Low: 1.9884). On the other end, March was the most stable month, with a tight range of 0.0269 MDL (High: 2.4399 / Low: 2.4130).

December Spread (Volatile) ±0.1513

March Spread (Stable) ±0.0269

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2013. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.1115 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.1115

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2013: 2.4519) against the same month in 2012 (average: 2.7295), the exchange rate shifted by -0.2776 (-10.17%).

2013 Avg (January) 2.4519

2012 Avg (January) 2.7295

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.4682	2.4188	2.4519
February	2.4418	2.4105	2.4192
March	2.4399	2.4130	2.4241
April	2.4273	2.3659	2.3943
May	2.3857	2.3322	2.3608
June	2.3662	2.3130	2.3331
July	2.3419	2.1964	2.2836
August	2.2937	2.2170	2.2755
September	2.2547	2.1944	2.2341
October	2.2542	2.1672	2.2145
November	2.1743	2.1307	2.1542
December	2.1397	1.9884	2.0427