2012 BGN to ARS Historical Review

YEARLY HIGH

3.3270 ARS

YEARLY LOW

2.7899 ARS

YEARLY AVERAGE

2.9864 ARS

2012 BGN to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2012

During 2012, the BGN to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 27, valuing the pair at 3.3270. Conversely, the yearly low was recorded on January 16, dropping to 2.7899.

This high-to-low spread represents a total annual volatility of 0.5371 ARS. From a start-to-finish perspective, comparing the January average rate of 2.8465 to the December average rate of 3.2708, the exchange rate registered a net change of 14.91% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2012 high of 3.3270 was up 7.18% compared to the 2011 peak of 3.1041, 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 16,635 ARS

2011 Average 14,685 ARS

Yearly Trough Low 13,949 ARS

Transaction Impact: A difference of 2,685.37 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2012.

3.3133

2.8041

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 2.9079, compared to 3.0648 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1568 points.

H1 Avg (Jan–Jun) 2.9079

H2 Avg (Jul–Dec) 3.0648

Volatility Range Comparison

Volatility

The most volatile month in 2012 was September, with a trading range of 0.1485 ARS (High: 3.1264 / Low: 2.9779). On the other end, April was the most stable month, with a tight range of 0.0548 ARS (High: 2.9821 / Low: 2.9273).

September Spread (Volatile) ±0.1485

April Spread (Stable) ±0.0548

Growth Streaks & Declines

Trends

Between July and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0471 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0471

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2012: 3.2708) against the same month in 2011 (average: 2.8867), the exchange rate shifted by +0.3841 (+13.31%).

2012 Avg (December) 3.2708

2011 Avg (December) 2.8867

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.9184	2.7899	2.8465
February	2.9914	2.8857	2.9355
March	2.9793	2.9030	2.9368
April	2.9821	2.9273	2.9543
May	2.9765	2.8323	2.9108
June	2.9116	2.8108	2.8637
July	2.9127	2.8207	2.8571
August	2.9823	2.8710	2.9167
September	3.1264	2.9779	3.0676
October	3.1687	3.0921	3.1335
November	3.2082	3.1000	3.1430
December	3.3270	3.2098	3.2708