2011 BIF to ARS Historical Review

YEARLY HIGH

0.0036 ARS

YEARLY LOW

0.0032 ARS

YEARLY AVERAGE

0.0034 ARS

2011 BIF to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the BIF to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on April 1, valuing the pair at 0.0036. Conversely, the yearly low was recorded on December 13, dropping to 0.0032.

This high-to-low spread represents a total annual volatility of 0.0003 ARS. From a start-to-finish perspective, comparing the January average rate of 0.0035 to the December average rate of 0.0033, the exchange rate registered a net change of -5.09% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.0036 was up 1.41% compared to the 2010 peak of 0.0035, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 18 ARS

2010 Average 17 ARS

Yearly Trough Low 16 ARS

Transaction Impact: A difference of 1.65 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.0036

0.0033

JanuMarcMayJulySeptNove

BIF 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 0.0034, compared to 0.0034 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0000 points.

H1 Avg (Jan–Jun) 0.0034

H2 Avg (Jul–Dec) 0.0034

Volatility Range Comparison

Volatility

The most volatile month in 2011 was April, with a trading range of 0.0003 ARS (High: 0.0036 / Low: 0.0033). On the other end, June was the most stable month, with a tight range of 0.0000 ARS (High: 0.0034 / Low: 0.0033).

April Spread (Volatile) ±0.0003

June Spread (Stable) ±0.0000

Growth Streaks & Declines

Trends

Between May and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0002 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0002

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2011: 0.0033) against the same month in 2010 (average: 0.0034), the exchange rate shifted by -0.0000 (-1.45%).

2011 Avg (April) 0.0033

2010 Avg (April) 0.0034

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0035	0.0035	0.0035
February	0.0035	0.0035	0.0035
March	0.0036	0.0035	0.0035
April	0.0036	0.0033	0.0033
May	0.0033	0.0033	0.0033
June	0.0034	0.0033	0.0033
July	0.0034	0.0033	0.0034
August	0.0034	0.0034	0.0034
September	0.0034	0.0034	0.0034
October	0.0035	0.0034	0.0034
November	0.0035	0.0033	0.0034
December	0.0035	0.0032	0.0033