2012 RSD to ARS Historical Review

YEARLY HIGH

0.0576 ARS

YEARLY LOW

0.0468 ARS

YEARLY AVERAGE

0.0518 ARS

2012 RSD to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2012

During 2012, the RSD to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 0.0576. Conversely, the yearly low was recorded on July 24, dropping to 0.0468.

This high-to-low spread represents a total annual volatility of 0.0109 ARS. From a start-to-finish perspective, comparing the January average rate of 0.0531 to the December average rate of 0.0565, the exchange rate registered a net change of 6.35% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2012 high of 0.0576 was down 6.19% compared to the 2011 peak of 0.0614, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 288 ARS

2011 Average 283 ARS

Yearly Trough Low 234 ARS

Transaction Impact: A difference of 54.27 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2012.

0.0573

0.0472

JanuMarcMayJulySeptNove

RSD 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 0.0515, compared to 0.0522 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0007 points.

H1 Avg (Jan–Jun) 0.0515

H2 Avg (Jul–Dec) 0.0522

Volatility Range Comparison

Volatility

The most volatile month in 2012 was May, with a trading range of 0.0051 ARS (High: 0.0523 / Low: 0.0472). On the other end, April was the most stable month, with a tight range of 0.0010 ARS (High: 0.0525 / Low: 0.0515).

May Spread (Volatile) ±0.0051

April Spread (Stable) ±0.0010

Growth Streaks & Declines

Trends

Between July and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0017 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0017

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2012: 0.0565) against the same month in 2011 (average: 0.0549), the exchange rate shifted by +0.0016 (+2.94%).

2012 Avg (December) 0.0565

2011 Avg (December) 0.0549

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0539	0.0523	0.0531
February	0.0543	0.0526	0.0532
March	0.0525	0.0513	0.0520
April	0.0525	0.0515	0.0519
May	0.0523	0.0472	0.0502
June	0.0498	0.0472	0.0486
July	0.0496	0.0468	0.0480
August	0.0494	0.0471	0.0484
September	0.0531	0.0492	0.0517
October	0.0553	0.0524	0.0539
November	0.0559	0.0538	0.0545
December	0.0576	0.0552	0.0565