2011 BAM to ARS Historical Review

YEARLY HIGH

3.0974 ARS

YEARLY LOW

2.6252 ARS

YEARLY AVERAGE

2.9343 ARS

2011 BAM to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the BAM to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on August 29, valuing the pair at 3.0974. Conversely, the yearly low was recorded on January 10, dropping to 2.6252.

This high-to-low spread represents a total annual volatility of 0.4722 ARS. From a start-to-finish perspective, comparing the January average rate of 2.7170 to the December average rate of 2.8864, the exchange rate registered a net change of 6.23% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 3.0974 was up 7.58% compared to the 2010 peak of 2.8792, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 15,487 ARS

2010 Average 13,249 ARS

Yearly Trough Low 13,126 ARS

Transaction Impact: A difference of 2,361.16 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

3.0820

2.6838

JanuMarcMayJulySeptNove

BAM to ARS 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 2.9012, compared to 2.9674 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0662 points.

H1 Avg (Jan–Jun) 2.9012

H2 Avg (Jul–Dec) 2.9674

Volatility Range Comparison

Volatility

The most volatile month in 2011 was October, with a trading range of 0.2218 ARS (High: 3.0636 / Low: 2.8418). On the other end, February was the most stable month, with a tight range of 0.0769 ARS (High: 2.8425 / Low: 2.7656).

October Spread (Volatile) ±0.2218

February Spread (Stable) ±0.0769

Growth Streaks & Declines

Trends

Between January and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0910 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0910

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2011: 3.0488) against the same month in 2010 (average: 2.5927), the exchange rate shifted by +0.4562 (+17.59%).

2011 Avg (August) 3.0488

2010 Avg (August) 2.5927

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.8004	2.6252	2.7170
February	2.8425	2.7656	2.8026
March	2.9341	2.8425	2.8861
April	3.0944	2.9368	3.0001
May	3.0953	2.9246	2.9920
June	3.0629	2.9518	3.0092
July	3.0587	2.9288	3.0052
August	3.0974	2.9964	3.0488
September	3.0757	2.8879	2.9578
October	3.0636	2.8418	2.9561
November	2.9925	2.8808	2.9500
December	2.9591	2.8384	2.8864