2013 BIF to ARS Historical Review

YEARLY HIGH

0.0042 ARS

YEARLY LOW

0.0032 ARS

YEARLY AVERAGE

0.0035 ARS

2013 BIF to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2013

During 2013, the BIF to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 0.0042. Conversely, the yearly low was recorded on February 4, dropping to 0.0032.

This high-to-low spread represents a total annual volatility of 0.0011 ARS. From a start-to-finish perspective, comparing the January average rate of 0.0033 to the December average rate of 0.0041, the exchange rate registered a net change of 25.56% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2013 high of 0.0042 was up 23.09% compared to the 2012 peak of 0.0034, 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 21 ARS

2012 Average 16 ARS

Yearly Trough Low 16 ARS

Transaction Impact: A difference of 5.29 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2013.

0.0042

0.0031

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 0.0038 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0005 points.

H1 Avg (Jan–Jun) 0.0033

H2 Avg (Jul–Dec) 0.0038

Volatility Range Comparison

Volatility

The most volatile month in 2013 was December, with a trading range of 0.0003 ARS (High: 0.0042 / Low: 0.0040). On the other end, October was the most stable month, with a tight range of 0.0001 ARS (High: 0.0038 / Low: 0.0038).

December Spread (Volatile) ±0.0003

October Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

Between February and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 10 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0001 points.

Longest Streak 10 Mo.

Sharpest MoM Drop -0.0001

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2013: 0.0041) against the same month in 2012 (average: 0.0032), the exchange rate shifted by +0.0009 (+27.96%).

2013 Avg (December) 0.0041

2012 Avg (December) 0.0032

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0033	0.0032	0.0033
February	0.0033	0.0032	0.0032
March	0.0034	0.0032	0.0033
April	0.0033	0.0032	0.0033
May	0.0034	0.0033	0.0033
June	0.0035	0.0034	0.0034
July	0.0036	0.0035	0.0035
August	0.0037	0.0036	0.0036
September	0.0038	0.0037	0.0037
October	0.0038	0.0038	0.0038
November	0.0040	0.0038	0.0039
December	0.0042	0.0040	0.0041