2011 CLP to ARS Historical Review

YEARLY HIGH

0.0091 ARS

YEARLY LOW

0.0079 ARS

YEARLY AVERAGE

0.0085 ARS

2011 CLP to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the CLP to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on September 3, valuing the pair at 0.0091. Conversely, the yearly low was recorded on October 4, dropping to 0.0079.

This high-to-low spread represents a total annual volatility of 0.0012 ARS. From a start-to-finish perspective, comparing the January average rate of 0.0081 to the December average rate of 0.0083, the exchange rate registered a net change of 1.90% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.0091 was up 7.40% compared to the 2010 peak of 0.0085, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 1,000,000 CLP based on timing:

Yearly Peak High 9,124 ARS

2010 Average 7,676 ARS

Yearly Trough Low 7,882 ARS

Transaction Impact: A difference of 1,242.13 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.0090

0.0081

JanuMarcMayJulySeptNove

CLP 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 0.0085, compared to 0.0086 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0001 points.

H1 Avg (Jan–Jun) 0.0085

H2 Avg (Jul–Dec) 0.0086

Volatility Range Comparison

Volatility

The most volatile month in 2011 was September, with a trading range of 0.0011 ARS (High: 0.0091 / Low: 0.0080). On the other end, June was the most stable month, with a tight range of 0.0002 ARS (High: 0.0088 / Low: 0.0086).

September Spread (Volatile) ±0.0011

June Spread (Stable) ±0.0002

Growth Streaks & Declines

Trends

Between March and May, 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 September and October, when the average rate fell by 0.0004 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0004

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2011: 0.0087) against the same month in 2010 (average: 0.0080), the exchange rate shifted by +0.0007 (+8.40%).

2011 Avg (September) 0.0087

2010 Avg (September) 0.0080

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0085	0.0080	0.0081
February	0.0086	0.0083	0.0085
March	0.0085	0.0083	0.0084
April	0.0089	0.0085	0.0086
May	0.0089	0.0086	0.0087
June	0.0088	0.0086	0.0087
July	0.0091	0.0088	0.0089
August	0.0091	0.0087	0.0089
September	0.0091	0.0080	0.0087
October	0.0086	0.0079	0.0083
November	0.0086	0.0081	0.0084
December	0.0084	0.0082	0.0083