2011 GMD to ARS Historical Review

YEARLY HIGH

0.1566 ARS

YEARLY LOW

0.1395 ARS

YEARLY AVERAGE

0.1465 ARS

2011 GMD to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the GMD to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on July 22, valuing the pair at 0.1566. Conversely, the yearly low was recorded on September 28, dropping to 0.1395.

This high-to-low spread represents a total annual volatility of 0.0171 ARS. From a start-to-finish perspective, comparing the January average rate of 0.1436 to the December average rate of 0.1481, the exchange rate registered a net change of 3.13% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.1566 was up 4.92% compared to the 2010 peak of 0.1493, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 783 ARS

2010 Average 709 ARS

Yearly Trough Low 698 ARS

Transaction Impact: A difference of 85.37 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.1503

0.1426

JanuMarcMayJulySeptNove

GMD 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 0.1460, compared to 0.1470 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0010 points.

H1 Avg (Jan–Jun) 0.1460

H2 Avg (Jul–Dec) 0.1470

Volatility Range Comparison

Volatility

The most volatile month in 2011 was July, with a trading range of 0.0132 ARS (High: 0.1566 / Low: 0.1434). On the other end, February was the most stable month, with a tight range of 0.0051 ARS (High: 0.1468 / Low: 0.1416).

July Spread (Volatile) ±0.0132

February Spread (Stable) ±0.0051

Growth Streaks & Declines

Trends

Between May and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0053 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0053

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2011: 0.1487) against the same month in 2010 (average: 0.1361), the exchange rate shifted by +0.0126 (+9.29%).

2011 Avg (July) 0.1487

2010 Avg (July) 0.1361

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1472	0.1407	0.1436
February	0.1468	0.1416	0.1433
March	0.1512	0.1425	0.1459
April	0.1525	0.1452	0.1476
May	0.1509	0.1445	0.1474
June	0.1548	0.1430	0.1484
July	0.1566	0.1434	0.1487
August	0.1527	0.1448	0.1497
September	0.1516	0.1395	0.1444
October	0.1495	0.1396	0.1453
November	0.1482	0.1427	0.1458
December	0.1504	0.1448	0.1481