2011 FKP to ARS Historical Review

YEARLY HIGH

6.8946 ARS

YEARLY LOW

6.1468 ARS

YEARLY AVERAGE

6.6183 ARS

2011 FKP to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the FKP to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on August 20, valuing the pair at 6.8946. Conversely, the yearly low was recorded on January 6, dropping to 6.1468.

This high-to-low spread represents a total annual volatility of 0.7478 ARS. From a start-to-finish perspective, comparing the January average rate of 6.2759 to the December average rate of 6.6891, the exchange rate registered a net change of 6.58% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 6.8946 was up 7.12% compared to the 2010 peak of 6.4364, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 34,473 ARS

2010 Average 30,225 ARS

Yearly Trough Low 30,734 ARS

Transaction Impact: A difference of 3,739.17 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

6.8649

6.2223

JanuMarcMayJulySeptNove

FKP 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 6.5412, compared to 6.6953 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1542 points.

H1 Avg (Jan–Jun) 6.5412

H2 Avg (Jul–Dec) 6.6953

Volatility Range Comparison

Volatility

The most volatile month in 2011 was September, with a trading range of 0.3636 ARS (High: 6.8091 / Low: 6.4455). On the other end, December was the most stable month, with a tight range of 0.1110 ARS (High: 6.7330 / Low: 6.6220).

September Spread (Volatile) ±0.3636

December Spread (Stable) ±0.1110

Growth Streaks & Declines

Trends

Between January and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.1713 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.1713

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2011: 6.8113) against the same month in 2010 (average: 6.1598), the exchange rate shifted by +0.6516 (+10.58%).

2011 Avg (August) 6.8113

2010 Avg (August) 6.1598

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	6.3844	6.1468	6.2759
February	6.5440	6.4328	6.4838
March	6.6198	6.4545	6.5158
April	6.8103	6.5161	6.6561
May	6.8103	6.5832	6.6782
June	6.7186	6.5444	6.6373
July	6.7831	6.5144	6.6507
August	6.8946	6.7228	6.8113
September	6.8091	6.4455	6.6400
October	6.8293	6.4658	6.6525
November	6.8289	6.5895	6.7284
December	6.7330	6.6220	6.6891