2011 ETB to ARS Historical Review

YEARLY HIGH

0.3168 ARS

YEARLY LOW

0.2408 ARS

YEARLY AVERAGE

0.2629 ARS

2011 ETB to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the ETB to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on April 4, valuing the pair at 0.3168. Conversely, the yearly low was recorded on July 3, dropping to 0.2408.

This high-to-low spread represents a total annual volatility of 0.0760 ARS. From a start-to-finish perspective, comparing the January average rate of 0.3127 to the December average rate of 0.2485, the exchange rate registered a net change of -20.53% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.3168 was down 11.82% compared to the 2010 peak of 0.3592, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,584 ARS

2010 Average 1,689 ARS

Yearly Trough Low 1,204 ARS

Transaction Impact: A difference of 379.97 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.3229

0.2349

JanuMarcMayJulySeptNove

ETB 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 0.2800, compared to 0.2459 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0342 points.

H1 Avg (Jan–Jun) 0.2800

H2 Avg (Jul–Dec) 0.2459

Volatility Range Comparison

Volatility

The most volatile month in 2011 was April, with a trading range of 0.0757 ARS (High: 0.3168 / Low: 0.2410). On the other end, September was the most stable month, with a tight range of 0.0011 ARS (High: 0.2462 / Low: 0.2451).

April Spread (Volatile) ±0.0757

September Spread (Stable) ±0.0011

Growth Streaks & Declines

Trends

Between June and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0636 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0636

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2011: 0.2520) against the same month in 2010 (average: 0.3459), the exchange rate shifted by -0.0939 (-27.15%).

2011 Avg (April) 0.2520

2010 Avg (April) 0.3459

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3140	0.3122	0.3127
February	0.3156	0.3141	0.3152
March	0.3166	0.3150	0.3155
April	0.3168	0.2410	0.2520
May	0.2440	0.2413	0.2426
June	0.2430	0.2416	0.2422
July	0.2434	0.2408	0.2424
August	0.2459	0.2421	0.2442
September	0.2462	0.2451	0.2458
October	0.2473	0.2456	0.2464
November	0.2489	0.2470	0.2479
December	0.2491	0.2478	0.2485