2011 ARS to SVC Historical Review

YEARLY HIGH

2.2028 SVC

YEARLY LOW

2.0327 SVC

YEARLY AVERAGE

2.1211 SVC

2011 ARS to SVC Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the ARS to SVC exchange rate experienced significant fluctuation. The market reached its absolute peak on January 6, valuing the pair at 2.2028. Conversely, the yearly low was recorded on December 29, dropping to 2.0327.

This high-to-low spread represents a total annual volatility of 0.1702 SVC. From a start-to-finish perspective, comparing the January average rate of 2.1984 to the December average rate of 2.0411, the exchange rate registered a net change of -7.15% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 2.2028 was down 4.54% compared to the 2010 peak of 2.3076, 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 11,014 SVC

2010 Average 11,187 SVC

Yearly Trough Low 10,163 SVC

Transaction Impact: A difference of 850.82 SVC purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

2.2141

2.0253

JanuMarcMayJulySeptNove

ARS to SVC 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 2.1626, compared to 2.0796 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0830 points.

H1 Avg (Jan–Jun) 2.1626

H2 Avg (Jul–Dec) 2.0796

Volatility Range Comparison

Volatility

The most volatile month in 2011 was August, with a trading range of 0.0328 SVC (High: 2.1170 / Low: 2.0842). On the other end, September was the most stable month, with a tight range of 0.0073 SVC (High: 2.0867 / Low: 2.0793).

August Spread (Volatile) ±0.0328

September Spread (Stable) ±0.0073

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 July and August, when the average rate fell by 0.0235 points.

Longest Streak 0 Mo.

Sharpest MoM Drop -0.0235

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2011: 2.1984) against the same month in 2010 (average: 2.2998), the exchange rate shifted by -0.1014 (-4.41%).

2011 Avg (January) 2.1984

2010 Avg (January) 2.2998

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.2028	2.1864	2.1984
February	2.1855	2.1711	2.1761
March	2.1734	2.1598	2.1689
April	2.1636	2.1436	2.1529
May	2.1470	2.1304	2.1420
June	2.1448	2.1306	2.1371
July	2.1386	2.1138	2.1246
August	2.1170	2.0842	2.1011
September	2.0867	2.0793	2.0823
October	2.0814	2.0645	2.0740
November	2.0646	2.0450	2.0544
December	2.0474	2.0327	2.0411