2012 BBD to ARS Historical Review

YEARLY HIGH

2.4575 ARS

YEARLY LOW

2.1504 ARS

YEARLY AVERAGE

2.2732 ARS

2012 BBD to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2012

During 2012, the BBD to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 2.4575. Conversely, the yearly low was recorded on January 1, dropping to 2.1504.

This high-to-low spread represents a total annual volatility of 0.3072 ARS. From a start-to-finish perspective, comparing the January average rate of 2.1594 to the December average rate of 2.4392, the exchange rate registered a net change of 12.96% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2012 high of 2.4575 was up 14.26% compared to the 2011 peak of 2.1508, 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 12,288 ARS

2011 Average 10,319 ARS

Yearly Trough Low 10,752 ARS

Transaction Impact: A difference of 1,535.87 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2012.

2.4672

2.1314

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 2.1949, compared to 2.3515 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1566 points.

H1 Avg (Jan–Jun) 2.1949

H2 Avg (Jul–Dec) 2.3515

Volatility Range Comparison

Volatility

The most volatile month in 2012 was June, with a trading range of 0.0485 ARS (High: 2.2584 / Low: 2.2099). On the other end, February was the most stable month, with a tight range of 0.0143 ARS (High: 2.1806 / Low: 2.1663).

June Spread (Volatile) ±0.0485

February Spread (Stable) ±0.0143

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 2012: 2.4392) against the same month in 2011 (average: 2.1432), the exchange rate shifted by +0.2960 (+13.81%).

2012 Avg (December) 2.4392

2011 Avg (December) 2.1432

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.1684	2.1504	2.1594
February	2.1806	2.1663	2.1732
March	2.1860	2.1674	2.1774
April	2.2065	2.1850	2.1970
May	2.2349	2.2056	2.2228
June	2.2584	2.2099	2.2397
July	2.2891	2.2554	2.2739
August	2.3161	2.2867	2.3027
September	2.3492	2.3170	2.3342
October	2.3827	2.3484	2.3623
November	2.4161	2.3822	2.3967
December	2.4575	2.4175	2.4392