2011 GNF to ARS Historical Review

YEARLY HIGH

0.0007 ARS

YEARLY LOW

0.0005 ARS

YEARLY AVERAGE

0.0006 ARS

2011 GNF to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the GNF to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on September 8, valuing the pair at 0.0007. Conversely, the yearly low was recorded on February 4, dropping to 0.0005.

This high-to-low spread represents a total annual volatility of 0.0001 ARS. From a start-to-finish perspective, comparing the January average rate of 0.0006 to the December average rate of 0.0006, the exchange rate registered a net change of 12.22% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.0007 was down 16.17% compared to the 2010 peak of 0.0008, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 3 ARS

2010 Average 4 ARS

Yearly Trough Low 3 ARS

Transaction Impact: A difference of 0.68 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.0006

0.0005

JanuMarcMayJulySeptNove

GNF 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 0.0006, compared to 0.0006 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0001 points.

H1 Avg (Jan–Jun) 0.0006

H2 Avg (Jul–Dec) 0.0006

Volatility Range Comparison

Volatility

The most volatile month in 2011 was May, with a trading range of 0.0001 ARS (High: 0.0006 / Low: 0.0006). On the other end, April was the most stable month, with a tight range of 0.0000 ARS (High: 0.0006 / Low: 0.0006).

May Spread (Volatile) ±0.0001

April Spread (Stable) ±0.0000

Growth Streaks & Declines

Trends

Between February and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0000 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.0000

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2011: 0.0006) against the same month in 2010 (average: 0.0007), the exchange rate shifted by -0.0000 (-5.77%).

2011 Avg (September) 0.0006

2010 Avg (September) 0.0007

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0006	0.0005	0.0006
February	0.0006	0.0005	0.0005
March	0.0006	0.0005	0.0006
April	0.0006	0.0006	0.0006
May	0.0006	0.0006	0.0006
June	0.0006	0.0006	0.0006
July	0.0006	0.0006	0.0006
August	0.0006	0.0006	0.0006
September	0.0007	0.0006	0.0006
October	0.0006	0.0006	0.0006
November	0.0006	0.0006	0.0006
December	0.0006	0.0006	0.0006