2010 ARS to VEF Historical Review

YEARLY HIGH

1.1486 VEF

YEARLY LOW

0.5637 VEF

YEARLY AVERAGE

1.0837 VEF

2010 ARS to VEF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2010

During 2010, the ARS to VEF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 11, valuing the pair at 1.1486. Conversely, the yearly low was recorded on January 6, dropping to 0.5637.

This high-to-low spread represents a total annual volatility of 0.5849 VEF. From a start-to-finish perspective, comparing the January average rate of 0.9479 to the December average rate of 1.0807, the exchange rate registered a net change of 14.01% (reflecting a strengthening trend).

Transfer Payout Power Comparison

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

Yearly Peak High 5,743 VEF

Yearly Average 5,419 VEF

Yearly Trough Low 2,818 VEF

Transaction Impact: A difference of 2,924.69 VEF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2010.

1.1325

0.9311

JanuMarcMayJulySeptNove

ARS to VEF 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 1.0805, compared to 1.0869 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0064 points.

H1 Avg (Jan–Jun) 1.0805

H2 Avg (Jul–Dec) 1.0869

Volatility Range Comparison

Volatility

The most volatile month in 2010 was January, with a trading range of 0.5849 VEF (High: 1.1486 / Low: 0.5637). On the other end, April was the most stable month, with a tight range of 0.0039 VEF (High: 1.1107 / Low: 1.1068).

January Spread (Volatile) ±0.5849

April Spread (Stable) ±0.0039

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 May and June, when the average rate fell by 0.0071 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0071

Same-Month Historical Baseline

YoY Baseline

Historical data for the previous year (2009) is currently unavailable. Strongest month average for January 2010 is 0.9479.

2010 Avg (January) 0.9479

Baseline Avg N/A

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.1486	0.5637	0.9479
February	1.1208	1.1103	1.1157
March	1.1164	1.1085	1.1129
April	1.1107	1.1068	1.1088
May	1.1092	1.0990	1.1024
June	1.0989	1.0923	1.0954
July	1.0966	1.0910	1.0928
August	1.0938	1.0883	1.0914
September	1.0901	1.0814	1.0876
October	1.0886	1.0833	1.0857
November	1.0862	1.0793	1.0834
December	1.0836	1.0771	1.0807