2012 ETB to ARS Historical Review

YEARLY HIGH

0.2693 ARS

YEARLY LOW

0.2476 ARS

YEARLY AVERAGE

0.2558 ARS

2012 ETB to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2012

During 2012, the ETB to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 0.2693. Conversely, the yearly low was recorded on March 18, dropping to 0.2476.

This high-to-low spread represents a total annual volatility of 0.0217 ARS. From a start-to-finish perspective, comparing the January average rate of 0.2495 to the December average rate of 0.2675, the exchange rate registered a net change of 7.22% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2012 high of 0.2693 was down 14.98% compared to the 2011 peak of 0.3168, 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 1,346 ARS

2011 Average 1,313 ARS

Yearly Trough Low 1,238 ARS

Transaction Impact: A difference of 108.55 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2012.

0.2694

0.2477

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 0.2512, compared to 0.2604 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0093 points.

H1 Avg (Jan–Jun) 0.2512

H2 Avg (Jul–Dec) 0.2604

Volatility Range Comparison

Volatility

The most volatile month in 2012 was June, with a trading range of 0.0053 ARS (High: 0.2541 / Low: 0.2488). On the other end, February was the most stable month, with a tight range of 0.0010 ARS (High: 0.2507 / Low: 0.2497).

June Spread (Volatile) ±0.0053

February Spread (Stable) ±0.0010

Growth Streaks & Declines

Trends

Between March and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 9 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0006 points.

Longest Streak 9 Mo.

Sharpest MoM Drop -0.0006

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2012: 0.2675) against the same month in 2011 (average: 0.2485), the exchange rate shifted by +0.0191 (+7.67%).

2012 Avg (December) 0.2675

2011 Avg (December) 0.2485

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2505	0.2488	0.2495
February	0.2507	0.2497	0.2503
March	0.2508	0.2476	0.2497
April	0.2520	0.2507	0.2516
May	0.2534	0.2518	0.2528
June	0.2541	0.2488	0.2530
July	0.2558	0.2522	0.2544
August	0.2576	0.2539	0.2565
September	0.2606	0.2576	0.2592
October	0.2629	0.2601	0.2612
November	0.2660	0.2626	0.2640
December	0.2693	0.2654	0.2675