2013 ARS to TOP Historical Review

YEARLY HIGH

0.3539 TOP

YEARLY LOW

0.2849 TOP

YEARLY AVERAGE

0.3286 TOP

2013 ARS to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2013

During 2013, the ARS to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on January 6, valuing the pair at 0.3539. Conversely, the yearly low was recorded on December 29, dropping to 0.2849.

This high-to-low spread represents a total annual volatility of 0.0690 TOP. From a start-to-finish perspective, comparing the January average rate of 0.3507 to the December average rate of 0.2934, the exchange rate registered a net change of -16.35% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2013 high of 0.3539 was down 13.21% compared to the 2012 peak of 0.4078, 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 1,769 TOP

2012 Average 1,914 TOP

Yearly Trough Low 1,424 TOP

Transaction Impact: A difference of 345.01 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2013.

0.3564

0.2876

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 0.3412, compared to 0.3160 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0253 points.

H1 Avg (Jan–Jun) 0.3412

H2 Avg (Jul–Dec) 0.3160

Volatility Range Comparison

Volatility

The most volatile month in 2013 was September, with a trading range of 0.0235 TOP (High: 0.3350 / Low: 0.3115). On the other end, March was the most stable month, with a tight range of 0.0043 TOP (High: 0.3455 / Low: 0.3412).

September Spread (Volatile) ±0.0235

March Spread (Stable) ±0.0043

Growth Streaks & Declines

Trends

Between May and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0121 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0121

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2013: 0.3507) against the same month in 2012 (average: 0.4032), the exchange rate shifted by -0.0525 (-13.03%).

2013 Avg (January) 0.3507

2012 Avg (January) 0.4032

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3539	0.3466	0.3507
February	0.3482	0.3426	0.3454
March	0.3455	0.3412	0.3435
April	0.3424	0.3356	0.3382
May	0.3361	0.3297	0.3341
June	0.3457	0.3281	0.3354
July	0.3456	0.3333	0.3394
August	0.3352	0.3263	0.3319
September	0.3350	0.3115	0.3207
October	0.3122	0.3060	0.3086
November	0.3048	0.2982	0.3018
December	0.3029	0.2849	0.2934