2012 BIF to ARS Historical Review

YEARLY HIGH

0.0034 ARS

YEARLY LOW

0.0031 ARS

YEARLY AVERAGE

0.0032 ARS

2012 BIF to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2012

During 2012, the BIF to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on April 6, valuing the pair at 0.0034. Conversely, the yearly low was recorded on June 27, dropping to 0.0031.

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 0.0033 to the December average rate of 0.0032, the exchange rate registered a net change of -3.78% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2012 high of 0.0034 was down 4.19% compared to the 2011 peak of 0.0036, 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 17 ARS

2011 Average 17 ARS

Yearly Trough Low 16 ARS

Transaction Impact: A difference of 1.46 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2012.

0.0034

0.0032

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 0.0033, compared to 0.0032 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0001 points.

H1 Avg (Jan–Jun) 0.0033

H2 Avg (Jul–Dec) 0.0032

Volatility Range Comparison

Volatility

The most volatile month in 2012 was April, with a trading range of 0.0002 ARS (High: 0.0034 / Low: 0.0032). On the other end, February was the most stable month, with a tight range of 0.0000 ARS (High: 0.0034 / Low: 0.0033).

April Spread (Volatile) ±0.0002

February Spread (Stable) ±0.0000

Growth Streaks & Declines

Trends

Between January and March, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0001 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0001

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2012: 0.0033) against the same month in 2011 (average: 0.0033), the exchange rate shifted by -0.0000 (-0.13%).

2012 Avg (April) 0.0033

2011 Avg (April) 0.0033

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0034	0.0033	0.0033
February	0.0034	0.0033	0.0033
March	0.0034	0.0033	0.0034
April	0.0034	0.0032	0.0033
May	0.0033	0.0032	0.0032
June	0.0032	0.0031	0.0032
July	0.0032	0.0031	0.0032
August	0.0032	0.0032	0.0032
September	0.0033	0.0032	0.0032
October	0.0032	0.0032	0.0032
November	0.0033	0.0032	0.0032
December	0.0033	0.0032	0.0032