2011 MMK to ARS Historical Review

YEARLY HIGH

0.6690 ARS

YEARLY LOW

0.6100 ARS

YEARLY AVERAGE

0.6361 ARS

2011 MMK to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the MMK to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 5, valuing the pair at 0.6690. Conversely, the yearly low was recorded on January 2, dropping to 0.6100.

This high-to-low spread represents a total annual volatility of 0.0590 ARS. From a start-to-finish perspective, comparing the January average rate of 0.6113 to the December average rate of 0.6618, the exchange rate registered a net change of 8.27% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.6690 was up 9.23% compared to the 2010 peak of 0.6125, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 3,345 ARS

2010 Average 3,004 ARS

Yearly Trough Low 3,050 ARS

Transaction Impact: A difference of 295.10 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.6669

0.6062

JanuMarcMayJulySeptNove

MMK 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 0.6215, compared to 0.6506 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0291 points.

H1 Avg (Jan–Jun) 0.6215

H2 Avg (Jul–Dec) 0.6506

Volatility Range Comparison

Volatility

The most volatile month in 2011 was August, with a trading range of 0.0198 ARS (High: 0.6547 / Low: 0.6348). On the other end, February was the most stable month, with a tight range of 0.0039 ARS (High: 0.6188 / Low: 0.6149).

August Spread (Volatile) ±0.0198

February Spread (Stable) ±0.0039

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

Comparing the current year's strongest month average (December 2011: 0.6618) against the same month in 2010 (average: 0.6107), the exchange rate shifted by +0.0511 (+8.37%).

2011 Avg (December) 0.6618

2010 Avg (December) 0.6107

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6146	0.6100	0.6113
February	0.6188	0.6149	0.6176
March	0.6222	0.6183	0.6197
April	0.6269	0.6212	0.6244
May	0.6307	0.6258	0.6274
June	0.6308	0.6266	0.6289
July	0.6458	0.6285	0.6346
August	0.6547	0.6348	0.6440
September	0.6562	0.6448	0.6519
October	0.6606	0.6456	0.6525
November	0.6658	0.6508	0.6589
December	0.6690	0.6570	0.6618