2012 GMD to ARS Historical Review

YEARLY HIGH

0.1630 ARS

YEARLY LOW

0.1383 ARS

YEARLY AVERAGE

0.1463 ARS

2012 GMD to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2012

During 2012, the GMD to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 16, valuing the pair at 0.1630. Conversely, the yearly low was recorded on August 31, dropping to 0.1383.

This high-to-low spread represents a total annual volatility of 0.0247 ARS. From a start-to-finish perspective, comparing the January average rate of 0.1457 to the December average rate of 0.1573, the exchange rate registered a net change of 7.96% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2012 high of 0.1630 was up 4.07% compared to the 2011 peak of 0.1566, 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 815 ARS

2011 Average 733 ARS

Yearly Trough Low 691 ARS

Transaction Impact: A difference of 123.51 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2012.

0.1589

0.1395

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 0.1453, compared to 0.1474 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0021 points.

H1 Avg (Jan–Jun) 0.1453

H2 Avg (Jul–Dec) 0.1474

Volatility Range Comparison

Volatility

The most volatile month in 2012 was November, with a trading range of 0.0201 ARS (High: 0.1601 / Low: 0.1401). On the other end, July was the most stable month, with a tight range of 0.0037 ARS (High: 0.1468 / Low: 0.1431).

November Spread (Volatile) ±0.0201

July Spread (Stable) ±0.0037

Growth Streaks & Declines

Trends

Between October and December, 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 August and September, when the average rate fell by 0.0034 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0034

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2012: 0.1573) against the same month in 2011 (average: 0.1481), the exchange rate shifted by +0.0092 (+6.25%).

2012 Avg (December) 0.1573

2011 Avg (December) 0.1481

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1502	0.1425	0.1457
February	0.1485	0.1402	0.1432
March	0.1481	0.1407	0.1428
April	0.1512	0.1457	0.1485
May	0.1482	0.1445	0.1464
June	0.1489	0.1414	0.1449
July	0.1468	0.1431	0.1446
August	0.1469	0.1383	0.1447
September	0.1428	0.1384	0.1413
October	0.1433	0.1389	0.1411
November	0.1601	0.1401	0.1552
December	0.1630	0.1509	0.1573