2011 MRO to ARS Historical Review

YEARLY HIGH

0.0153 ARS

YEARLY LOW

0.0140 ARS

YEARLY AVERAGE

0.0148 ARS

2011 MRO to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the MRO to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on May 14, valuing the pair at 0.0153. Conversely, the yearly low was recorded on February 27, dropping to 0.0140.

This high-to-low spread represents a total annual volatility of 0.0013 ARS. From a start-to-finish perspective, comparing the January average rate of 0.0142 to the December average rate of 0.0150, the exchange rate registered a net change of 5.43% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.0153 was up 1.87% compared to the 2010 peak of 0.0150, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 76 ARS

2010 Average 71 ARS

Yearly Trough Low 70 ARS

Transaction Impact: A difference of 6.31 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.0151

0.0141

JanuMarcMayJulySeptNove

MRO 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 0.0146, compared to 0.0149 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0003 points.

H1 Avg (Jan–Jun) 0.0146

H2 Avg (Jul–Dec) 0.0149

Volatility Range Comparison

Volatility

The most volatile month in 2011 was April, with a trading range of 0.0007 ARS (High: 0.0150 / Low: 0.0143). On the other end, December was the most stable month, with a tight range of 0.0002 ARS (High: 0.0151 / Low: 0.0149).

April Spread (Volatile) ±0.0007

December Spread (Stable) ±0.0002

Growth Streaks & Declines

Trends

Between January and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0003 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0003

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2011: 0.0150) against the same month in 2010 (average: 0.0144), the exchange rate shifted by +0.0006 (+4.46%).

2011 Avg (May) 0.0150

2010 Avg (May) 0.0144

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0145	0.0140	0.0142
February	0.0146	0.0140	0.0143
March	0.0146	0.0141	0.0143
April	0.0150	0.0143	0.0148
May	0.0153	0.0149	0.0150
June	0.0152	0.0149	0.0150
July	0.0151	0.0149	0.0150
August	0.0152	0.0147	0.0150
September	0.0151	0.0148	0.0150
October	0.0149	0.0145	0.0147
November	0.0152	0.0148	0.0150
December	0.0151	0.0149	0.0150