2012 MRO to ARS Historical Review

YEARLY HIGH

0.0165 ARS

YEARLY LOW

0.0147 ARS

YEARLY AVERAGE

0.0154 ARS

2012 MRO to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2012

During 2012, the MRO to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 24, valuing the pair at 0.0165. Conversely, the yearly low was recorded on March 6, dropping to 0.0147.

This high-to-low spread represents a total annual volatility of 0.0018 ARS. From a start-to-finish perspective, comparing the January average rate of 0.0150 to the December average rate of 0.0163, the exchange rate registered a net change of 9.06% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2012 high of 0.0165 was up 8.23% compared to the 2011 peak of 0.0153, 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 83 ARS

2011 Average 74 ARS

Yearly Trough Low 74 ARS

Transaction Impact: A difference of 8.96 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2012.

0.0165

0.0147

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 0.0151, compared to 0.0157 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) 0.0151

H2 Avg (Jul–Dec) 0.0157

Volatility Range Comparison

Volatility

The most volatile month in 2012 was June, with a trading range of 0.0006 ARS (High: 0.0156 / Low: 0.0150). On the other end, January was the most stable month, with a tight range of 0.0002 ARS (High: 0.0151 / Low: 0.0149).

June Spread (Volatile) ±0.0006

January Spread (Stable) ±0.0002

Growth Streaks & Declines

Trends

Between March and July, 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 July and August, when the average rate fell by 0.0001 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0001

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2012: 0.0163) against the same month in 2011 (average: 0.0150), the exchange rate shifted by +0.0014 (+9.12%).

2012 Avg (December) 0.0163

2011 Avg (December) 0.0150

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0151	0.0149	0.0150
February	0.0151	0.0148	0.0149
March	0.0150	0.0147	0.0149
April	0.0153	0.0149	0.0152
May	0.0154	0.0151	0.0153
June	0.0156	0.0150	0.0153
July	0.0156	0.0152	0.0154
August	0.0154	0.0151	0.0153
September	0.0157	0.0154	0.0155
October	0.0159	0.0156	0.0157
November	0.0162	0.0160	0.0161
December	0.0165	0.0162	0.0163