2011 BGN to ARS Historical Review

YEARLY HIGH

3.1041 ARS

YEARLY LOW

2.6238 ARS

YEARLY AVERAGE

2.9365 ARS

2011 BGN to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the BGN to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on May 4, valuing the pair at 3.1041. Conversely, the yearly low was recorded on January 10, dropping to 2.6238.

This high-to-low spread represents a total annual volatility of 0.4803 ARS. From a start-to-finish perspective, comparing the January average rate of 2.7197 to the December average rate of 2.8867, the exchange rate registered a net change of 6.14% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 3.1041 was up 7.74% compared to the 2010 peak of 2.8812, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 15,520 ARS

2010 Average 13,260 ARS

Yearly Trough Low 13,119 ARS

Transaction Impact: A difference of 2,401.29 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

3.0842

2.6866

JanuMarcMayJulySeptNove

BGN 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 2.9040, compared to 2.9689 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0648 points.

H1 Avg (Jan–Jun) 2.9040

H2 Avg (Jul–Dec) 2.9689

Volatility Range Comparison

Volatility

The most volatile month in 2011 was October, with a trading range of 0.2350 ARS (High: 3.0677 / Low: 2.8327). On the other end, February was the most stable month, with a tight range of 0.0860 ARS (High: 2.8495 / Low: 2.7635).

October Spread (Volatile) ±0.2350

February Spread (Stable) ±0.0860

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 0.0900 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0900

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2011: 2.9983) against the same month in 2010 (average: 2.5115), the exchange rate shifted by +0.4868 (+19.38%).

2011 Avg (May) 2.9983

2010 Avg (May) 2.5115

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.8011	2.6238	2.7197
February	2.8495	2.7635	2.8049
March	2.9424	2.8345	2.8870
April	3.1009	2.9307	3.0036
May	3.1041	2.9274	2.9983
June	3.0636	2.9436	3.0107
July	3.0583	2.9301	3.0064
August	3.1012	2.9942	3.0510
September	3.0657	2.8830	2.9610
October	3.0677	2.8327	2.9586
November	2.9929	2.8807	2.9494
December	2.9562	2.8322	2.8867