2012 BTN to ARS Historical Review

YEARLY HIGH

0.0949 ARS

YEARLY LOW

0.0773 ARS

YEARLY AVERAGE

0.0864 ARS

2012 BTN to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2012

During 2012, the BTN to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on October 6, valuing the pair at 0.0949. Conversely, the yearly low was recorded on June 27, dropping to 0.0773.

This high-to-low spread represents a total annual volatility of 0.0176 ARS. From a start-to-finish perspective, comparing the January average rate of 0.0844 to the December average rate of 0.0892, the exchange rate registered a net change of 5.75% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2012 high of 0.0949 was up 1.19% compared to the 2011 peak of 0.0938, 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 475 ARS

2011 Average 443 ARS

Yearly Trough Low 387 ARS

Transaction Impact: A difference of 87.86 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2012.

0.0910

0.0790

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 0.0843, compared to 0.0884 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0041 points.

H1 Avg (Jan–Jun) 0.0843

H2 Avg (Jul–Dec) 0.0884

Volatility Range Comparison

Volatility

The most volatile month in 2012 was July, with a trading range of 0.0083 ARS (High: 0.0892 / Low: 0.0809). On the other end, August was the most stable month, with a tight range of 0.0012 ARS (High: 0.0900 / Low: 0.0888).

July Spread (Volatile) ±0.0083

August Spread (Stable) ±0.0012

Growth Streaks & Declines

Trends

Between June and September, 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 April and May, when the average rate fell by 0.0032 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0032

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2012: 0.0892) against the same month in 2011 (average: 0.0857), the exchange rate shifted by +0.0035 (+4.11%).

2012 Avg (October) 0.0892

2011 Avg (October) 0.0857

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0879	0.0809	0.0844
February	0.0890	0.0870	0.0882
March	0.0877	0.0851	0.0865
April	0.0864	0.0836	0.0850
May	0.0837	0.0796	0.0818
June	0.0815	0.0773	0.0800
July	0.0892	0.0809	0.0852
August	0.0900	0.0888	0.0895
September	0.0939	0.0862	0.0900
October	0.0949	0.0880	0.0892
November	0.0888	0.0865	0.0874
December	0.0897	0.0883	0.0892