2011 DJF to ARS Historical Review

YEARLY HIGH

0.0241 ARS

YEARLY LOW

0.0223 ARS

YEARLY AVERAGE

0.0232 ARS

2011 DJF to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the DJF to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 0.0241. Conversely, the yearly low was recorded on January 2, dropping to 0.0223.

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 0.0224 to the December average rate of 0.0241, the exchange rate registered a net change of 7.45% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.0241 was up 7.58% compared to the 2010 peak of 0.0224, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 121 ARS

2010 Average 110 ARS

Yearly Trough Low 112 ARS

Transaction Impact: A difference of 8.96 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.0242

0.0222

JanuMarcMayJulySeptNove

DJF 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 0.0228, compared to 0.0237 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0009 points.

H1 Avg (Jan–Jun) 0.0228

H2 Avg (Jul–Dec) 0.0237

Volatility Range Comparison

Volatility

The most volatile month in 2011 was August, with a trading range of 0.0004 ARS (High: 0.0236 / Low: 0.0232). On the other end, September was the most stable month, with a tight range of 0.0001 ARS (High: 0.0237 / Low: 0.0236).

August Spread (Volatile) ±0.0004

September 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 2011: 0.0241) against the same month in 2010 (average: 0.0224), the exchange rate shifted by +0.0017 (+7.56%).

2011 Avg (December) 0.0241

2010 Avg (December) 0.0224

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0225	0.0223	0.0224
February	0.0227	0.0225	0.0226
March	0.0228	0.0226	0.0227
April	0.0230	0.0228	0.0229
May	0.0231	0.0229	0.0230
June	0.0231	0.0230	0.0230
July	0.0233	0.0230	0.0232
August	0.0236	0.0232	0.0234
September	0.0237	0.0236	0.0236
October	0.0238	0.0237	0.0237
November	0.0241	0.0238	0.0240
December	0.0241	0.0240	0.0241