2011 BBD to ARS Historical Review

YEARLY HIGH

2.1508 ARS

YEARLY LOW

1.9854 ARS

YEARLY AVERAGE

2.0635 ARS

2011 BBD to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the BBD to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 2.1508. Conversely, the yearly low was recorded on January 2, dropping to 1.9854.

This high-to-low spread represents a total annual volatility of 0.1654 ARS. From a start-to-finish perspective, comparing the January average rate of 1.9897 to the December average rate of 2.1432, the exchange rate registered a net change of 7.71% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 2.1508 was up 7.89% compared to the 2010 peak of 1.9936, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 10,754 ARS

2010 Average 9,777 ARS

Yearly Trough Low 9,927 ARS

Transaction Impact: A difference of 827.07 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

2.1586

1.9744

JanuMarcMayJulySeptNove

BBD 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 2.0231, compared to 2.1039 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0808 points.

H1 Avg (Jan–Jun) 2.0231

H2 Avg (Jul–Dec) 2.1039

Volatility Range Comparison

Volatility

The most volatile month in 2011 was August, with a trading range of 0.0328 ARS (High: 2.0988 / Low: 2.0659). On the other end, September was the most stable month, with a tight range of 0.0085 ARS (High: 2.1049 / Low: 2.0964).

August Spread (Volatile) ±0.0328

September Spread (Stable) ±0.0085

Growth Streaks & Declines

Trends

Between January and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 11 straight months. No significant month-over-month rate declines were detected.

Longest Streak 11 Mo.

Sharpest MoM Drop -0.0000

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2011: 2.1432) against the same month in 2010 (average: 1.9877), the exchange rate shifted by +0.1555 (+7.82%).

2011 Avg (December) 2.1432

2010 Avg (December) 1.9877

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.0006	1.9854	1.9897
February	2.0143	2.0015	2.0102
March	2.0254	2.0126	2.0170
April	2.0406	2.0219	2.0323
May	2.0529	2.0370	2.0421
June	2.0532	2.0394	2.0471
July	2.0695	2.0459	2.0592
August	2.0988	2.0659	2.0818
September	2.1049	2.0964	2.1010
October	2.1186	2.1016	2.1091
November	2.1398	2.1179	2.1292
December	2.1508	2.1370	2.1432