2012 CVE to ARS Historical Review

YEARLY HIGH

0.0590 ARS

YEARLY LOW

0.0495 ARS

YEARLY AVERAGE

0.0529 ARS

2012 CVE to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2012

During 2012, the CVE to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 0.0590. Conversely, the yearly low was recorded on January 16, dropping to 0.0495.

This high-to-low spread represents a total annual volatility of 0.0095 ARS. From a start-to-finish perspective, comparing the January average rate of 0.0505 to the December average rate of 0.0579, the exchange rate registered a net change of 14.71% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2012 high of 0.0590 was up 7.21% compared to the 2011 peak of 0.0551, 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 295 ARS

2011 Average 260 ARS

Yearly Trough Low 248 ARS

Transaction Impact: A difference of 47.61 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2012.

0.0587

0.0497

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 0.0516, compared to 0.0542 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0027 points.

H1 Avg (Jan–Jun) 0.0516

H2 Avg (Jul–Dec) 0.0542

Volatility Range Comparison

Volatility

The most volatile month in 2012 was September, with a trading range of 0.0032 ARS (High: 0.0558 / Low: 0.0526). On the other end, April was the most stable month, with a tight range of 0.0010 ARS (High: 0.0529 / Low: 0.0519).

September Spread (Volatile) ±0.0032

April Spread (Stable) ±0.0010

Growth Streaks & Declines

Trends

Between July and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0008 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0008

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2012: 0.0579) against the same month in 2011 (average: 0.0512), the exchange rate shifted by +0.0067 (+13.11%).

2012 Avg (December) 0.0579

2011 Avg (December) 0.0512

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0518	0.0495	0.0505
February	0.0529	0.0515	0.0520
March	0.0528	0.0515	0.0521
April	0.0529	0.0519	0.0524
May	0.0530	0.0502	0.0516
June	0.0517	0.0499	0.0508
July	0.0516	0.0497	0.0505
August	0.0525	0.0504	0.0515
September	0.0558	0.0526	0.0544
October	0.0560	0.0546	0.0555
November	0.0568	0.0549	0.0557
December	0.0590	0.0568	0.0579