2011 HTG to ARS Historical Review

YEARLY HIGH

0.1067 ARS

YEARLY LOW

0.0977 ARS

YEARLY AVERAGE

0.1016 ARS

2011 HTG to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the HTG to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 29, valuing the pair at 0.1067. Conversely, the yearly low was recorded on January 27, dropping to 0.0977.

This high-to-low spread represents a total annual volatility of 0.0090 ARS. From a start-to-finish perspective, comparing the January average rate of 0.0988 to the December average rate of 0.1060, the exchange rate registered a net change of 7.20% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.1067 was up 7.22% compared to the 2010 peak of 0.0995, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 533 ARS

2010 Average 487 ARS

Yearly Trough Low 489 ARS

Transaction Impact: A difference of 44.85 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.1067

0.0979

JanuMarcMayJulySeptNove

HTG 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 0.0996, compared to 0.1037 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0041 points.

H1 Avg (Jan–Jun) 0.0996

H2 Avg (Jul–Dec) 0.1037

Volatility Range Comparison

Volatility

The most volatile month in 2011 was August, with a trading range of 0.0023 ARS (High: 0.1035 / Low: 0.1012). On the other end, February was the most stable month, with a tight range of 0.0012 ARS (High: 0.0993 / Low: 0.0981).

August Spread (Volatile) ±0.0023

February Spread (Stable) ±0.0012

Growth Streaks & Declines

Trends

Between February and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 10 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0002 points.

Longest Streak 10 Mo.

Sharpest MoM Drop -0.0002

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2011: 0.1060) against the same month in 2010 (average: 0.0989), the exchange rate shifted by +0.0071 (+7.14%).

2011 Avg (December) 0.1060

2010 Avg (December) 0.0989

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0997	0.0977	0.0988
February	0.0993	0.0981	0.0986
March	0.1002	0.0985	0.0992
April	0.1011	0.0990	0.1000
May	0.1012	0.0998	0.1003
June	0.1016	0.1000	0.1007
July	0.1026	0.1004	0.1015
August	0.1035	0.1012	0.1026
September	0.1043	0.1028	0.1035
October	0.1043	0.1029	0.1036
November	0.1059	0.1037	0.1049
December	0.1067	0.1054	0.1060