2012 SAR to ARS Historical Review

YEARLY HIGH

1.3105 ARS

YEARLY LOW

1.1468 ARS

YEARLY AVERAGE

1.2123 ARS

2012 SAR to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2012

During 2012, the SAR to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 1.3105. Conversely, the yearly low was recorded on January 1, dropping to 1.1468.

This high-to-low spread represents a total annual volatility of 0.1637 ARS. From a start-to-finish perspective, comparing the January average rate of 1.1516 to the December average rate of 1.3008, the exchange rate registered a net change of 12.95% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2012 high of 1.3105 was up 14.25% compared to the 2011 peak of 1.1471, 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 6,553 ARS

2011 Average 5,503 ARS

Yearly Trough Low 5,734 ARS

Transaction Impact: A difference of 818.57 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2012.

1.3157

1.1367

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 1.1706, compared to 1.2541 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0835 points.

H1 Avg (Jan–Jun) 1.1706

H2 Avg (Jul–Dec) 1.2541

Volatility Range Comparison

Volatility

The most volatile month in 2012 was June, with a trading range of 0.0259 ARS (High: 1.2044 / Low: 1.1786). On the other end, February was the most stable month, with a tight range of 0.0076 ARS (High: 1.1629 / Low: 1.1553).

June Spread (Volatile) ±0.0259

February Spread (Stable) ±0.0076

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 2012: 1.3008) against the same month in 2011 (average: 1.1430), the exchange rate shifted by +0.1578 (+13.80%).

2012 Avg (December) 1.3008

2011 Avg (December) 1.1430

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.1564	1.1468	1.1516
February	1.1629	1.1553	1.1590
March	1.1658	1.1559	1.1612
April	1.1768	1.1652	1.1717
May	1.1919	1.1762	1.1854
June	1.2044	1.1786	1.1944
July	1.2208	1.2028	1.2127
August	1.2353	1.2195	1.2282
September	1.2529	1.2357	1.2448
October	1.2707	1.2524	1.2599
November	1.2885	1.2704	1.2782
December	1.3105	1.2893	1.3008