2011 NPR to ARS Historical Review

YEARLY HIGH

0.0588 ARS

YEARLY LOW

0.0499 ARS

YEARLY AVERAGE

0.0559 ARS

2011 NPR to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the NPR to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on July 28, valuing the pair at 0.0588. Conversely, the yearly low was recorded on December 15, dropping to 0.0499.

This high-to-low spread represents a total annual volatility of 0.0089 ARS. From a start-to-finish perspective, comparing the January average rate of 0.0559 to the December average rate of 0.0511, the exchange rate registered a net change of -8.60% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.0588 was up 3.32% compared to the 2010 peak of 0.0569, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 294 ARS

2010 Average 274 ARS

Yearly Trough Low 249 ARS

Transaction Impact: A difference of 44.63 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.0587

0.0504

JanuMarcMayJulySeptNove

NPR 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 0.0567, compared to 0.0550 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0018 points.

H1 Avg (Jan–Jun) 0.0567

H2 Avg (Jul–Dec) 0.0550

Volatility Range Comparison

Volatility

The most volatile month in 2011 was September, with a trading range of 0.0035 ARS (High: 0.0575 / Low: 0.0540). On the other end, June was the most stable month, with a tight range of 0.0006 ARS (High: 0.0574 / Low: 0.0568).

September Spread (Volatile) ±0.0035

June Spread (Stable) ±0.0006

Growth Streaks & Declines

Trends

Between January and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0022 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0022

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2011: 0.0580) against the same month in 2010 (average: 0.0544), the exchange rate shifted by +0.0035 (+6.49%).

2011 Avg (July) 0.0580

2010 Avg (July) 0.0544

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0563	0.0557	0.0559
February	0.0570	0.0561	0.0565
March	0.0574	0.0566	0.0569
April	0.0578	0.0569	0.0574
May	0.0577	0.0563	0.0568
June	0.0574	0.0568	0.0570
July	0.0588	0.0573	0.0580
August	0.0586	0.0567	0.0574
September	0.0575	0.0540	0.0556
October	0.0550	0.0541	0.0544
November	0.0551	0.0519	0.0533
December	0.0527	0.0499	0.0511