2012 SZL to ARS Historical Review

YEARLY HIGH

0.5803 ARS

YEARLY LOW

0.5178 ARS

YEARLY AVERAGE

0.5541 ARS

2012 SZL to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2012

During 2012, the SZL to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 0.5803. Conversely, the yearly low was recorded on June 2, dropping to 0.5178.

This high-to-low spread represents a total annual volatility of 0.0625 ARS. From a start-to-finish perspective, comparing the January average rate of 0.5392 to the December average rate of 0.5656, the exchange rate registered a net change of 4.88% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2012 high of 0.5803 was down 6.66% compared to the 2011 peak of 0.6217, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,901 ARS

2011 Average 2,861 ARS

Yearly Trough Low 2,589 ARS

Transaction Impact: A difference of 312.56 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2012.

0.5767

0.5301

JanuMarcMayJulySeptNove

SZL 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 0.5535, compared to 0.5547 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0011 points.

H1 Avg (Jan–Jun) 0.5535

H2 Avg (Jul–Dec) 0.5547

Volatility Range Comparison

Volatility

The most volatile month in 2012 was May, with a trading range of 0.0468 ARS (High: 0.5718 / Low: 0.5250). On the other end, November was the most stable month, with a tight range of 0.0120 ARS (High: 0.5505 / Low: 0.5385).

May Spread (Volatile) ±0.0468

November Spread (Stable) ±0.0120

Growth Streaks & Declines

Trends

Between June and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0173 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0173

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2012: 0.5656) against the same month in 2011 (average: 0.5238), the exchange rate shifted by +0.0418 (+7.98%).

2012 Avg (December) 0.5656

2011 Avg (December) 0.5238

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5581	0.5261	0.5392
February	0.5792	0.5583	0.5676
March	0.5780	0.5654	0.5728
April	0.5728	0.5481	0.5620
May	0.5718	0.5250	0.5455
June	0.5520	0.5178	0.5340
July	0.5586	0.5353	0.5511
August	0.5680	0.5452	0.5569
September	0.5721	0.5510	0.5633
October	0.5639	0.5331	0.5460
November	0.5505	0.5385	0.5450
December	0.5803	0.5464	0.5656