2011 MOP to ARS Historical Review

YEARLY HIGH

0.5376 ARS

YEARLY LOW

0.4958 ARS

YEARLY AVERAGE

0.5147 ARS

2011 MOP to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the MOP to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 0.5376. Conversely, the yearly low was recorded on January 2, dropping to 0.4958.

This high-to-low spread represents a total annual volatility of 0.0419 ARS. From a start-to-finish perspective, comparing the January average rate of 0.4966 to the December average rate of 0.5351, the exchange rate registered a net change of 7.75% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.5376 was up 7.96% compared to the 2010 peak of 0.4980, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,688 ARS

2010 Average 2,442 ARS

Yearly Trough Low 2,479 ARS

Transaction Impact: A difference of 209.26 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.5390

0.4928

JanuMarcMayJulySeptNove

MOP 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 0.5049, compared to 0.5244 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0196 points.

H1 Avg (Jan–Jun) 0.5049

H2 Avg (Jul–Dec) 0.5244

Volatility Range Comparison

Volatility

The most volatile month in 2011 was August, with a trading range of 0.0081 ARS (High: 0.5228 / Low: 0.5148). On the other end, September was the most stable month, with a tight range of 0.0024 ARS (High: 0.5243 / Low: 0.5218).

August Spread (Volatile) ±0.0081

September Spread (Stable) ±0.0024

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: 0.5351) against the same month in 2010 (average: 0.4963), the exchange rate shifted by +0.0388 (+7.81%).

2011 Avg (December) 0.5351

2010 Avg (December) 0.4963

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4988	0.4958	0.4966
February	0.5024	0.4992	0.5014
March	0.5055	0.5020	0.5030
April	0.5099	0.5055	0.5076
May	0.5129	0.5089	0.5100
June	0.5123	0.5089	0.5106
July	0.5155	0.5098	0.5133
August	0.5228	0.5148	0.5185
September	0.5243	0.5218	0.5233
October	0.5285	0.5236	0.5257
November	0.5344	0.5281	0.5308
December	0.5376	0.5334	0.5351