2011 CVE to ARS Historical Review

YEARLY HIGH

0.0551 ARS

YEARLY LOW

0.0465 ARS

YEARLY AVERAGE

0.0521 ARS

2011 CVE to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the CVE to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on May 4, valuing the pair at 0.0551. Conversely, the yearly low was recorded on January 10, dropping to 0.0465.

This high-to-low spread represents a total annual volatility of 0.0085 ARS. From a start-to-finish perspective, comparing the January average rate of 0.0482 to the December average rate of 0.0512, the exchange rate registered a net change of 6.13% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.0551 was up 7.74% compared to the 2010 peak of 0.0511, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 275 ARS

2010 Average 235 ARS

Yearly Trough Low 233 ARS

Transaction Impact: A difference of 42.59 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.0547

0.0477

JanuMarcMayJulySeptNove

CVE 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 0.0515, compared to 0.0527 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0012 points.

H1 Avg (Jan–Jun) 0.0515

H2 Avg (Jul–Dec) 0.0527

Volatility Range Comparison

Volatility

The most volatile month in 2011 was October, with a trading range of 0.0042 ARS (High: 0.0544 / Low: 0.0502). On the other end, February was the most stable month, with a tight range of 0.0015 ARS (High: 0.0505 / Low: 0.0490).

October Spread (Volatile) ±0.0042

February Spread (Stable) ±0.0015

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 0.0016 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0016

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2011: 0.0532) against the same month in 2010 (average: 0.0445), the exchange rate shifted by +0.0086 (+19.38%).

2011 Avg (May) 0.0532

2010 Avg (May) 0.0445

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0497	0.0465	0.0482
February	0.0505	0.0490	0.0498
March	0.0522	0.0503	0.0512
April	0.0550	0.0520	0.0533
May	0.0551	0.0519	0.0532
June	0.0543	0.0522	0.0534
July	0.0542	0.0520	0.0533
August	0.0550	0.0531	0.0541
September	0.0544	0.0511	0.0525
October	0.0544	0.0502	0.0525
November	0.0531	0.0511	0.0523
December	0.0525	0.0503	0.0512