2012 KMF to ARS Historical Review

YEARLY HIGH

0.0132 ARS

YEARLY LOW

0.0111 ARS

YEARLY AVERAGE

0.0119 ARS

2012 KMF to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2012

During 2012, the KMF to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 0.0132. Conversely, the yearly low was recorded on January 16, dropping to 0.0111.

This high-to-low spread represents a total annual volatility of 0.0021 ARS. From a start-to-finish perspective, comparing the January average rate of 0.0113 to the December average rate of 0.0130, the exchange rate registered a net change of 14.73% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2012 high of 0.0132 was up 6.96% compared to the 2011 peak of 0.0123, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 66 ARS

2011 Average 58 ARS

Yearly Trough Low 55 ARS

Transaction Impact: A difference of 10.50 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2012.

0.0132

0.0112

JanuMarcMayJulySeptNove

KMF 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 0.0116, compared to 0.0122 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0006 points.

H1 Avg (Jan–Jun) 0.0116

H2 Avg (Jul–Dec) 0.0122

Volatility Range Comparison

Volatility

The most volatile month in 2012 was September, with a trading range of 0.0007 ARS (High: 0.0124 / Low: 0.0117). On the other end, April was the most stable month, with a tight range of 0.0002 ARS (High: 0.0119 / Low: 0.0116).

September Spread (Volatile) ±0.0007

April Spread (Stable) ±0.0002

Growth Streaks & Declines

Trends

Between July and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0002 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0002

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2012: 0.0130) against the same month in 2011 (average: 0.0115), the exchange rate shifted by +0.0015 (+13.25%).

2012 Avg (December) 0.0130

2011 Avg (December) 0.0115

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0116	0.0111	0.0113
February	0.0119	0.0115	0.0117
March	0.0118	0.0115	0.0117
April	0.0119	0.0116	0.0118
May	0.0119	0.0113	0.0116
June	0.0116	0.0112	0.0114
July	0.0118	0.0112	0.0114
August	0.0117	0.0114	0.0116
September	0.0124	0.0117	0.0121
October	0.0126	0.0123	0.0125
November	0.0128	0.0123	0.0125
December	0.0132	0.0128	0.0130