2013 MAD to ARS Historical Review

YEARLY HIGH

0.7993 ARS

YEARLY LOW

0.5792 ARS

YEARLY AVERAGE

0.6518 ARS

2013 MAD to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2013

During 2013, the MAD to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 0.7993. Conversely, the yearly low was recorded on January 9, dropping to 0.5792.

This high-to-low spread represents a total annual volatility of 0.2200 ARS. From a start-to-finish perspective, comparing the January average rate of 0.5890 to the December average rate of 0.7721, the exchange rate registered a net change of 31.07% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2013 high of 0.7993 was up 37.20% compared to the 2012 peak of 0.5825, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 3,996 ARS

2012 Average 2,633 ARS

Yearly Trough Low 2,896 ARS

Transaction Impact: A difference of 1,100.15 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2013.

0.7904

0.5707

JanuMarcMayJulySeptNove

MAD 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 0.6044, compared to 0.6992 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0948 points.

H1 Avg (Jan–Jun) 0.6044

H2 Avg (Jul–Dec) 0.6992

Volatility Range Comparison

Volatility

The most volatile month in 2013 was December, with a trading range of 0.0554 ARS (High: 0.7993 / Low: 0.7438). On the other end, March was the most stable month, with a tight range of 0.0086 ARS (High: 0.5996 / Low: 0.5911).

December Spread (Volatile) ±0.0554

March Spread (Stable) ±0.0086

Growth Streaks & Declines

Trends

Between March and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 9 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0052 points.

Longest Streak 9 Mo.

Sharpest MoM Drop -0.0052

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2013: 0.7721) against the same month in 2012 (average: 0.5744), the exchange rate shifted by +0.1977 (+34.41%).

2013 Avg (December) 0.7721

2012 Avg (December) 0.5744

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6025	0.5792	0.5890
February	0.6063	0.5926	0.5989
March	0.5996	0.5911	0.5937
April	0.6106	0.5918	0.6032
May	0.6175	0.6060	0.6112
June	0.6387	0.6171	0.6301
July	0.6545	0.6252	0.6391
August	0.6742	0.6527	0.6649
September	0.6985	0.6714	0.6847
October	0.7217	0.6987	0.7101
November	0.7432	0.7127	0.7242
December	0.7993	0.7438	0.7721