2011 ARS to TRY Historical Review

YEARLY HIGH

0.4521 TRY

YEARLY LOW

0.3716 TRY

YEARLY AVERAGE

0.4065 TRY

2011 ARS to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the ARS to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on October 4, valuing the pair at 0.4521. Conversely, the yearly low was recorded on April 24, dropping to 0.3716.

This high-to-low spread represents a total annual volatility of 0.0804 TRY. From a start-to-finish perspective, comparing the January average rate of 0.3937 to the December average rate of 0.4362, the exchange rate registered a net change of 10.78% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.4521 was up 10.64% compared to the 2010 peak of 0.4086, 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 2,260 TRY

2010 Average 1,928 TRY

Yearly Trough Low 1,858 TRY

Transaction Impact: A difference of 402.11 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.4424

0.3679

JanuMarcMayJulySeptNove

ARS to TRY 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 0.3886, compared to 0.4245 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0359 points.

H1 Avg (Jan–Jun) 0.3886

H2 Avg (Jul–Dec) 0.4245

Volatility Range Comparison

Volatility

The most volatile month in 2011 was October, with a trading range of 0.0404 TRY (High: 0.4521 / Low: 0.4117). On the other end, February was the most stable month, with a tight range of 0.0070 TRY (High: 0.3991 / Low: 0.3922).

October Spread (Volatile) ±0.0404

February Spread (Stable) ±0.0070

Growth Streaks & Declines

Trends

Between April and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0174 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0174

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2011: 0.4336) against the same month in 2010 (average: 0.3602), the exchange rate shifted by +0.0735 (+20.40%).

2011 Avg (October) 0.4336

2010 Avg (October) 0.3602

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4015	0.3861	0.3937
February	0.3991	0.3922	0.3954
March	0.4016	0.3813	0.3915
April	0.3792	0.3716	0.3741
May	0.3934	0.3723	0.3857
June	0.4013	0.3854	0.3912
July	0.4157	0.3924	0.4021
August	0.4305	0.4061	0.4218
September	0.4418	0.4102	0.4273
October	0.4521	0.4117	0.4336
November	0.4421	0.4140	0.4258
December	0.4450	0.4252	0.4362