2011 QAR to ARS Historical Review

YEARLY HIGH

1.1815 ARS

YEARLY LOW

1.0909 ARS

YEARLY AVERAGE

1.1338 ARS

2011 QAR to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the QAR to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 1.1815. Conversely, the yearly low was recorded on January 2, dropping to 1.0909.

This high-to-low spread represents a total annual volatility of 0.0906 ARS. From a start-to-finish perspective, comparing the January average rate of 1.0933 to the December average rate of 1.1774, the exchange rate registered a net change of 7.69% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 1.1815 was up 7.86% compared to the 2010 peak of 1.0954, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 5,907 ARS

2010 Average 5,372 ARS

Yearly Trough Low 5,454 ARS

Transaction Impact: A difference of 452.81 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

1.1858

1.0848

JanuMarcMayJulySeptNove

QAR 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 1.1116, compared to 1.1559 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0444 points.

H1 Avg (Jan–Jun) 1.1116

H2 Avg (Jul–Dec) 1.1559

Volatility Range Comparison

Volatility

The most volatile month in 2011 was August, with a trading range of 0.0180 ARS (High: 1.1532 / Low: 1.1351). On the other end, September was the most stable month, with a tight range of 0.0047 ARS (High: 1.1566 / Low: 1.1519).

August Spread (Volatile) ±0.0180

September Spread (Stable) ±0.0047

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: 1.1774) against the same month in 2010 (average: 1.0922), the exchange rate shifted by +0.0852 (+7.80%).

2011 Avg (December) 1.1774

2010 Avg (December) 1.0922

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.0992	1.0909	1.0933
February	1.1067	1.0997	1.1045
March	1.1128	1.1058	1.1083
April	1.1212	1.1110	1.1166
May	1.1280	1.1192	1.1220
June	1.1282	1.1206	1.1248
July	1.1371	1.1241	1.1314
August	1.1532	1.1351	1.1439
September	1.1566	1.1519	1.1544
October	1.1641	1.1547	1.1588
November	1.1755	1.1637	1.1697
December	1.1815	1.1738	1.1774