2011 BTN to ARS Historical Review

YEARLY HIGH

0.0938 ARS

YEARLY LOW

0.0798 ARS

YEARLY AVERAGE

0.0887 ARS

2011 BTN to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the BTN to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on July 28, valuing the pair at 0.0938. Conversely, the yearly low was recorded on December 14, dropping to 0.0798.

This high-to-low spread represents a total annual volatility of 0.0140 ARS. From a start-to-finish perspective, comparing the January average rate of 0.0876 to the December average rate of 0.0817, the exchange rate registered a net change of -6.77% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.0938 was up 4.01% compared to the 2010 peak of 0.0902, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 469 ARS

2010 Average 428 ARS

Yearly Trough Low 399 ARS

Transaction Impact: A difference of 70.16 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.0939

0.0806

JanuMarcMayJulySeptNove

BTN 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 0.0899, compared to 0.0874 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0026 points.

H1 Avg (Jan–Jun) 0.0899

H2 Avg (Jul–Dec) 0.0874

Volatility Range Comparison

Volatility

The most volatile month in 2011 was September, with a trading range of 0.0074 ARS (High: 0.0919 / Low: 0.0846). On the other end, June was the most stable month, with a tight range of 0.0009 ARS (High: 0.0919 / Low: 0.0910).

September Spread (Volatile) ±0.0074

June Spread (Stable) ±0.0009

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 0.0033 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0033

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2011: 0.0928) against the same month in 2010 (average: 0.0840), the exchange rate shifted by +0.0088 (+10.45%).

2011 Avg (July) 0.0928

2010 Avg (July) 0.0840

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0889	0.0869	0.0876
February	0.0894	0.0875	0.0885
March	0.0908	0.0890	0.0897
April	0.0922	0.0909	0.0916
May	0.0922	0.0902	0.0910
June	0.0919	0.0910	0.0913
July	0.0938	0.0917	0.0928
August	0.0937	0.0906	0.0918
September	0.0919	0.0846	0.0885
October	0.0869	0.0845	0.0857
November	0.0868	0.0813	0.0839
December	0.0838	0.0798	0.0817