2010 ARS to TOP Historical Review

YEARLY HIGH

0.5213 TOP

YEARLY LOW

0.4602 TOP

YEARLY AVERAGE

0.4927 TOP

2010 ARS to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2010

During 2010, the ARS to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on May 22, valuing the pair at 0.5213. Conversely, the yearly low was recorded on December 6, dropping to 0.4602.

This high-to-low spread represents a total annual volatility of 0.0611 TOP. From a start-to-finish perspective, comparing the January average rate of 0.4998 to the December average rate of 0.4711, the exchange rate registered a net change of -5.74% (reflecting a weakening trend).

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 ARS based on timing:

Yearly Peak High 2,606 TOP

Yearly Average 2,464 TOP

Yearly Trough Low 2,301 TOP

Transaction Impact: A difference of 305.51 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2010.

0.5135

0.4663

JanuMarcMayJulySeptNove

ARS to TOP 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 0.5015, compared to 0.4840 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0175 points.

H1 Avg (Jan–Jun) 0.5015

H2 Avg (Jul–Dec) 0.4840

Volatility Range Comparison

Volatility

The most volatile month in 2010 was May, with a trading range of 0.0230 TOP (High: 0.5213 / Low: 0.4983). On the other end, October was the most stable month, with a tight range of 0.0076 TOP (High: 0.4847 / Low: 0.4770).

May Spread (Volatile) ±0.0230

October Spread (Stable) ±0.0076

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2010. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0117 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0117

Same-Month Historical Baseline

YoY Baseline

Historical data for the previous year (2009) is currently unavailable. Strongest month average for May 2010 is 0.5096.

2010 Avg (May) 0.5096

Baseline Avg N/A

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5091	0.4918	0.4998
February	0.5080	0.4937	0.5013
March	0.5048	0.4843	0.4977
April	0.5044	0.4910	0.4972
May	0.5213	0.4983	0.5096
June	0.5075	0.4890	0.5034
July	0.5024	0.4899	0.4971
August	0.4980	0.4775	0.4923
September	0.4967	0.4829	0.4923
October	0.4847	0.4770	0.4806
November	0.4863	0.4652	0.4703
December	0.4752	0.4602	0.4711