2011 TRY to ARS Historical Review

YEARLY HIGH

2.6908 ARS

YEARLY LOW

2.2121 ARS

YEARLY AVERAGE

2.4665 ARS

2011 TRY to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the TRY to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on April 22, valuing the pair at 2.6908. Conversely, the yearly low was recorded on October 4, dropping to 2.2121.

This high-to-low spread represents a total annual volatility of 0.4787 ARS. From a start-to-finish perspective, comparing the January average rate of 2.5401 to the December average rate of 2.2931, the exchange rate registered a net change of -9.72% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 2.6908 was down 5.25% compared to the 2010 peak of 2.8398, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 TRY based on timing:

Yearly Peak High 134,538 ARS

2010 Average 129,827 ARS

Yearly Trough Low 110,604 ARS

Transaction Impact: A difference of 23,934.39 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

2.7111

2.2551

JanuMarcMayJulySeptNove

TRY 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 2.5746, compared to 2.3584 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.2162 points.

H1 Avg (Jan–Jun) 2.5746

H2 Avg (Jul–Dec) 2.3584

Volatility Range Comparison

Volatility

The most volatile month in 2011 was October, with a trading range of 0.2169 ARS (High: 2.4290 / Low: 2.2121). On the other end, February was the most stable month, with a tight range of 0.0445 ARS (High: 2.5499 / Low: 2.5054).

October Spread (Volatile) ±0.2169

February Spread (Stable) ±0.0445

Growth Streaks & Declines

Trends

Between February and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.1159 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.1159

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2011: 2.6731) against the same month in 2010 (average: 2.5950), the exchange rate shifted by +0.0781 (+3.01%).

2011 Avg (April) 2.6731

2010 Avg (April) 2.5950

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.5898	2.4904	2.5401
February	2.5499	2.5054	2.5291
March	2.6227	2.4903	2.5549
April	2.6908	2.6369	2.6731
May	2.6860	2.5420	2.5933
June	2.5948	2.4919	2.5569
July	2.5482	2.4057	2.4873
August	2.4623	2.3228	2.3714
September	2.4376	2.2637	2.3412
October	2.4290	2.2121	2.3077
November	2.4156	2.2621	2.3496
December	2.3520	2.2474	2.2931