2012 ARS to SBD Historical Review

YEARLY HIGH

1.7715 SBD

YEARLY LOW

1.4425 SBD

YEARLY AVERAGE

1.5713 SBD

2012 ARS to SBD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2012

During 2012, the ARS to SBD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 1.7715. Conversely, the yearly low was recorded on December 31, dropping to 1.4425.

This high-to-low spread represents a total annual volatility of 0.3290 SBD. From a start-to-finish perspective, comparing the January average rate of 1.6996 to the December average rate of 1.4547, the exchange rate registered a net change of -14.41% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2012 high of 1.7715 was down 11.75% compared to the 2011 peak of 2.0072, 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 8,857 SBD

2011 Average 9,227 SBD

Yearly Trough Low 7,212 SBD

Transaction Impact: A difference of 1,645.04 SBD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2012.

1.7241

1.4302

JanuMarcMayJulySeptNove

ARS to SBD 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 1.6300, compared to 1.5126 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1174 points.

H1 Avg (Jan–Jun) 1.6300

H2 Avg (Jul–Dec) 1.5126

Volatility Range Comparison

Volatility

The most volatile month in 2012 was January, with a trading range of 0.1378 SBD (High: 1.7715 / Low: 1.6337). On the other end, September was the most stable month, with a tight range of 0.0157 SBD (High: 1.5263 / Low: 1.5106).

January Spread (Volatile) ±0.1378

September Spread (Stable) ±0.0157

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 January and February, when the average rate fell by 0.0773 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0773

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2012: 1.6996) against the same month in 2011 (average: 1.9604), the exchange rate shifted by -0.2608 (-13.30%).

2012 Avg (January) 1.6996

2011 Avg (January) 1.9604

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.7715	1.6337	1.6996
February	1.6387	1.6051	1.6223
March	1.6522	1.6249	1.6401
April	1.6326	1.6114	1.6227
May	1.6482	1.6116	1.6299
June	1.6107	1.5440	1.5654
July	1.6203	1.5434	1.5778
August	1.5450	1.5254	1.5343
September	1.5263	1.5106	1.5184
October	1.5364	1.4892	1.5081
November	1.5019	1.4650	1.4821
December	1.4780	1.4425	1.4547