2010 HNL to ARS Historical Review

YEARLY HIGH

0.2107 ARS

YEARLY LOW

0.2003 ARS

YEARLY AVERAGE

0.2067 ARS

2010 HNL to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2010

During 2010, the HNL to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 1, valuing the pair at 0.2107. Conversely, the yearly low was recorded on January 12, dropping to 0.2003.

This high-to-low spread represents a total annual volatility of 0.0104 ARS. From a start-to-finish perspective, comparing the January average rate of 0.2010 to the December average rate of 0.2101, the exchange rate registered a net change of 4.52% (reflecting a strengthening trend).

Transfer Payout Power Comparison

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

Yearly Peak High 1,054 ARS

Yearly Average 1,033 ARS

Yearly Trough Low 1,002 ARS

Transaction Impact: A difference of 52.08 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2010.

0.2110

0.2001

JanuMarcMayJulySeptNove

HNL 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 0.2044, compared to 0.2089 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0045 points.

H1 Avg (Jan–Jun) 0.2044

H2 Avg (Jul–Dec) 0.2089

Volatility Range Comparison

Volatility

The most volatile month in 2010 was February, with a trading range of 0.0019 ARS (High: 0.2044 / Low: 0.2025). On the other end, April was the most stable month, with a tight range of 0.0007 ARS (High: 0.2051 / Low: 0.2044).

February Spread (Volatile) ±0.0019

April Spread (Stable) ±0.0007

Growth Streaks & Declines

Trends

Between January and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 11 straight months. No significant month-over-month rate declines were detected.

Longest Streak 11 Mo.

Sharpest MoM Drop -0.0000

Same-Month Historical Baseline

YoY Baseline

Historical data for the previous year (2009) is currently unavailable. Strongest month average for December 2010 is 0.2101.

2010 Avg (December) 0.2101

Baseline Avg N/A

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2019	0.2003	0.2010
February	0.2044	0.2025	0.2035
March	0.2048	0.2034	0.2040
April	0.2051	0.2044	0.2048
May	0.2065	0.2049	0.2060
June	0.2078	0.2067	0.2073
July	0.2081	0.2073	0.2078
August	0.2086	0.2077	0.2081
September	0.2099	0.2085	0.2088
October	0.2095	0.2088	0.2092
November	0.2103	0.2090	0.2096
December	0.2107	0.2097	0.2101