2011 GHS to ARS Historical Review

YEARLY HIGH

2.9268 ARS

YEARLY LOW

2.5502 ARS

YEARLY AVERAGE

2.6730 ARS

2011 GHS to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the GHS to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on February 18, valuing the pair at 2.9268. Conversely, the yearly low was recorded on February 3, dropping to 2.5502.

This high-to-low spread represents a total annual volatility of 0.3766 ARS. From a start-to-finish perspective, comparing the January average rate of 2.6475 to the December average rate of 2.6136, the exchange rate registered a net change of -1.28% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 2.9268 was up 4.96% compared to the 2010 peak of 2.7885, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 14,634 ARS

2010 Average 13,643 ARS

Yearly Trough Low 12,751 ARS

Transaction Impact: A difference of 1,882.99 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

2.7419

2.6019

JanuMarcMayJulySeptNove

GHS 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 2.6780, compared to 2.6680 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0100 points.

H1 Avg (Jan–Jun) 2.6780

H2 Avg (Jul–Dec) 2.6680

Volatility Range Comparison

Volatility

The most volatile month in 2011 was February, with a trading range of 0.3766 ARS (High: 2.9268 / Low: 2.5502). On the other end, May was the most stable month, with a tight range of 0.0382 ARS (High: 2.7227 / Low: 2.6845).

February Spread (Volatile) ±0.3766

May Spread (Stable) ±0.0382

Growth Streaks & Declines

Trends

Between March and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0824 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0824

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2011: 2.6718) against the same month in 2010 (average: 2.6903), the exchange rate shifted by -0.0185 (-0.69%).

2011 Avg (February) 2.6718

2010 Avg (February) 2.6903

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.6918	2.5537	2.6475
February	2.9268	2.5502	2.6718
March	2.6778	2.6302	2.6466
April	2.7245	2.6689	2.6952
May	2.7227	2.6845	2.7060
June	2.7235	2.6847	2.7009
July	2.7516	2.6938	2.7200
August	2.7527	2.7020	2.7303
September	2.7476	2.6320	2.6991
October	2.6577	2.5781	2.6167
November	2.6552	2.5670	2.6285
December	2.6441	2.5984	2.6136