2010 SAR to ARS Historical Review

YEARLY HIGH

1.0632 ARS

YEARLY LOW

1.0108 ARS

YEARLY AVERAGE

1.0428 ARS

2010 SAR to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2010

During 2010, the SAR to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 1, valuing the pair at 1.0632. Conversely, the yearly low was recorded on January 12, dropping to 1.0108.

This high-to-low spread represents a total annual volatility of 0.0524 ARS. From a start-to-finish perspective, comparing the January average rate of 1.0146 to the December average rate of 1.0601, the exchange rate registered a net change of 4.49% (reflecting a strengthening trend).

Transfer Payout Power Comparison

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

Yearly Peak High 5,316 ARS

Yearly Average 5,214 ARS

Yearly Trough Low 5,054 ARS

Transaction Impact: A difference of 262.07 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2010.

1.0646

1.0100

JanuMarcMayJulySeptNove

SAR 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 1.0315, compared to 1.0541 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0225 points.

H1 Avg (Jan–Jun) 1.0315

H2 Avg (Jul–Dec) 1.0541

Volatility Range Comparison

Volatility

The most volatile month in 2010 was February, with a trading range of 0.0097 ARS (High: 1.0315 / Low: 1.0218). On the other end, April was the most stable month, with a tight range of 0.0033 ARS (High: 1.0347 / Low: 1.0314).

February Spread (Volatile) ±0.0097

April Spread (Stable) ±0.0033

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

Historical data for the previous year (2009) is currently unavailable. Strongest month average for December 2010 is 1.0601.

2010 Avg (December) 1.0601

Baseline Avg N/A

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.0189	1.0108	1.0146
February	1.0315	1.0218	1.0270
March	1.0331	1.0264	1.0293
April	1.0347	1.0314	1.0332
May	1.0420	1.0338	1.0392
June	1.0485	1.0430	1.0459
July	1.0501	1.0456	1.0484
August	1.0523	1.0478	1.0497
September	1.0590	1.0518	1.0534
October	1.0571	1.0533	1.0553
November	1.0610	1.0545	1.0575
December	1.0632	1.0582	1.0601