2013 CDF to ARS Historical Review

YEARLY HIGH

0.0071 ARS

YEARLY LOW

0.0053 ARS

YEARLY AVERAGE

0.0059 ARS

2013 CDF to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2013

During 2013, the CDF to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 0.0071. Conversely, the yearly low was recorded on January 1, dropping to 0.0053.

This high-to-low spread represents a total annual volatility of 0.0018 ARS. From a start-to-finish perspective, comparing the January average rate of 0.0054 to the December average rate of 0.0069, the exchange rate registered a net change of 27.81% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2013 high of 0.0071 was up 32.63% compared to the 2012 peak of 0.0053, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 35 ARS

2012 Average 25 ARS

Yearly Trough Low 27 ARS

Transaction Impact: A difference of 8.78 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2013.

0.0070

0.0052

JanuMarcMayJulySeptNove

CDF 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 0.0056, compared to 0.0063 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0007 points.

H1 Avg (Jan–Jun) 0.0056

H2 Avg (Jul–Dec) 0.0063

Volatility Range Comparison

Volatility

The most volatile month in 2013 was December, with a trading range of 0.0004 ARS (High: 0.0071 / Low: 0.0066). On the other end, April was the most stable month, with a tight range of 0.0001 ARS (High: 0.0056 / Low: 0.0056).

December Spread (Volatile) ±0.0004

April Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

Between January and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 11 straight months. No significant month-over-month rate declines were detected.

Longest Streak 11 Mo.

Sharpest MoM Drop -0.0000

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2013: 0.0069) against the same month in 2012 (average: 0.0053), the exchange rate shifted by +0.0016 (+30.16%).

2013 Avg (December) 0.0069

2012 Avg (December) 0.0053

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0054	0.0053	0.0054
February	0.0055	0.0054	0.0054
March	0.0056	0.0055	0.0055
April	0.0056	0.0056	0.0056
May	0.0057	0.0056	0.0057
June	0.0059	0.0057	0.0058
July	0.0060	0.0058	0.0059
August	0.0061	0.0060	0.0061
September	0.0063	0.0061	0.0062
October	0.0064	0.0063	0.0063
November	0.0066	0.0064	0.0065
December	0.0071	0.0066	0.0069