2011 ARS to SYP Historical Review

YEARLY HIGH

12.2143 SYP

YEARLY LOW

11.2533 SYP

YEARLY AVERAGE

11.6429 SYP

2011 ARS to SYP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the ARS to SYP exchange rate experienced significant fluctuation. The market reached its absolute peak on December 10, valuing the pair at 12.2143. Conversely, the yearly low was recorded on September 11, dropping to 11.2533.

This high-to-low spread represents a total annual volatility of 0.9610 SYP. From a start-to-finish perspective, comparing the January average rate of 11.7544 to the December average rate of 12.0416, the exchange rate registered a net change of 2.44% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 12.2143 was down 0.40% compared to the 2010 peak of 12.2628, 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 61,071 SYP

2010 Average 59,346 SYP

Yearly Trough Low 56,266 SYP

Transaction Impact: A difference of 4,805.15 SYP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

12.1062

11.3310

JanuMarcMayJulySeptNove

ARS to SYP 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 11.6418, compared to 11.6441 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0023 points.

H1 Avg (Jan–Jun) 11.6418

H2 Avg (Jul–Dec) 11.6441

Volatility Range Comparison

Volatility

The most volatile month in 2011 was November, with a trading range of 0.5673 SYP (High: 12.1959 / Low: 11.6286). On the other end, June was the most stable month, with a tight range of 0.0608 SYP (High: 11.6157 / Low: 11.5549).

November Spread (Volatile) ±0.5673

June Spread (Stable) ±0.0608

Growth Streaks & Declines

Trends

Between August and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.1270 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.1270

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2011: 12.0416) against the same month in 2010 (average: 11.7586), the exchange rate shifted by +0.2830 (+2.41%).

2011 Avg (December) 12.0416

2010 Avg (December) 11.7586

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	11.8413	11.6399	11.7544
February	11.6835	11.5668	11.6277
March	11.7223	11.5295	11.5812
April	11.7461	11.6275	11.6815
May	11.6487	11.5615	11.6180
June	11.6157	11.5549	11.5879
July	11.5911	11.4607	11.5226
August	11.4839	11.2876	11.3956
September	11.6717	11.2533	11.4577
October	11.8362	11.6139	11.7228
November	12.1959	11.6286	11.7243
December	12.2143	11.6601	12.0416