2012 HNL to ARS Historical Review

YEARLY HIGH

0.2471 ARS

YEARLY LOW

0.2262 ARS

YEARLY AVERAGE

0.2353 ARS

2012 HNL to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2012

During 2012, the HNL to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 0.2471. Conversely, the yearly low was recorded on January 13, dropping to 0.2262.

This high-to-low spread represents a total annual volatility of 0.0209 ARS. From a start-to-finish perspective, comparing the January average rate of 0.2268 to the December average rate of 0.2459, the exchange rate registered a net change of 8.42% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2012 high of 0.2471 was up 8.96% compared to the 2011 peak of 0.2268, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,235 ARS

2011 Average 1,091 ARS

Yearly Trough Low 1,131 ARS

Transaction Impact: A difference of 104.52 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2012.

0.2478

0.2249

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 0.2304, compared to 0.2403 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0099 points.

H1 Avg (Jan–Jun) 0.2304

H2 Avg (Jul–Dec) 0.2403

Volatility Range Comparison

Volatility

The most volatile month in 2012 was August, with a trading range of 0.0055 ARS (High: 0.2407 / Low: 0.2353). On the other end, January was the most stable month, with a tight range of 0.0014 ARS (High: 0.2276 / Low: 0.2262).

August Spread (Volatile) ±0.0055

January Spread (Stable) ±0.0014

Growth Streaks & Declines

Trends

Between January and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.0018 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0018

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2012: 0.2459) against the same month in 2011 (average: 0.2261), the exchange rate shifted by +0.0197 (+8.73%).

2012 Avg (December) 0.2459

2011 Avg (December) 0.2261

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2276	0.2262	0.2268
February	0.2289	0.2273	0.2280
March	0.2295	0.2274	0.2284
April	0.2317	0.2292	0.2306
May	0.2344	0.2314	0.2332
June	0.2369	0.2318	0.2351
July	0.2404	0.2363	0.2385
August	0.2407	0.2353	0.2367
September	0.2393	0.2368	0.2381
October	0.2418	0.2389	0.2400
November	0.2443	0.2410	0.2424
December	0.2471	0.2442	0.2459