2011 SAR to ARS Historical Review

YEARLY HIGH

1.1471 ARS

YEARLY LOW

1.0590 ARS

YEARLY AVERAGE

1.1005 ARS

2011 SAR to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the SAR to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 1.1471. Conversely, the yearly low was recorded on January 2, dropping to 1.0590.

This high-to-low spread represents a total annual volatility of 0.0881 ARS. From a start-to-finish perspective, comparing the January average rate of 1.0612 to the December average rate of 1.1430, the exchange rate registered a net change of 7.71% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 1.1471 was up 7.89% compared to the 2010 peak of 1.0632, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 5,735 ARS

2010 Average 5,214 ARS

Yearly Trough Low 5,295 ARS

Transaction Impact: A difference of 440.48 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

1.1512

1.0530

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 1.0789, compared to 1.1220 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0430 points.

H1 Avg (Jan–Jun) 1.0789

H2 Avg (Jul–Dec) 1.1220

Volatility Range Comparison

Volatility

The most volatile month in 2011 was August, with a trading range of 0.0175 ARS (High: 1.1193 / Low: 1.1018). On the other end, September was the most stable month, with a tight range of 0.0046 ARS (High: 1.1226 / Low: 1.1180).

August Spread (Volatile) ±0.0175

September Spread (Stable) ±0.0046

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: 1.1430) against the same month in 2010 (average: 1.0601), the exchange rate shifted by +0.0829 (+7.82%).

2011 Avg (December) 1.1430

2010 Avg (December) 1.0601

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.0669	1.0590	1.0612
February	1.0742	1.0674	1.0721
March	1.0802	1.0733	1.0757
April	1.0884	1.0783	1.0839
May	1.0949	1.0863	1.0891
June	1.0950	1.0877	1.0917
July	1.1037	1.0911	1.0980
August	1.1193	1.1018	1.1102
September	1.1226	1.1180	1.1204
October	1.1298	1.1208	1.1248
November	1.1411	1.1295	1.1355
December	1.1471	1.1396	1.1430