2012 TRY to ARS Historical Review

YEARLY HIGH

2.7527 ARS

YEARLY LOW

2.2757 ARS

YEARLY AVERAGE

2.5258 ARS

2012 TRY to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2012

During 2012, the TRY to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 2.7527. Conversely, the yearly low was recorded on January 1, dropping to 2.2757.

This high-to-low spread represents a total annual volatility of 0.4770 ARS. From a start-to-finish perspective, comparing the January average rate of 2.3465 to the December average rate of 2.7292, the exchange rate registered a net change of 16.31% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2012 high of 2.7527 was up 2.30% compared to the 2011 peak of 2.6908, 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 137,635 ARS

2011 Average 123,290 ARS

Yearly Trough Low 113,786 ARS

Transaction Impact: A difference of 23,848.33 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2012.

2.7675

2.3083

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 2.4372, compared to 2.6145 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1773 points.

H1 Avg (Jan–Jun) 2.4372

H2 Avg (Jul–Dec) 2.6145

Volatility Range Comparison

Volatility

The most volatile month in 2012 was January, with a trading range of 0.1709 ARS (High: 2.4466 / Low: 2.2757). On the other end, February was the most stable month, with a tight range of 0.0441 ARS (High: 2.4998 / Low: 2.4558).

January Spread (Volatile) ±0.1709

February Spread (Stable) ±0.0441

Growth Streaks & Declines

Trends

Between June and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0362 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0362

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2012: 2.7292) against the same month in 2011 (average: 2.2931), the exchange rate shifted by +0.4361 (+19.02%).

2012 Avg (December) 2.7292

2011 Avg (December) 2.2931

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.4466	2.2757	2.3465
February	2.4998	2.4558	2.4697
March	2.4789	2.3978	2.4336
April	2.5096	2.4255	2.4587
May	2.5186	2.4096	2.4589
June	2.4999	2.3913	2.4554
July	2.5542	2.4710	2.5088
August	2.5809	2.5333	2.5645
September	2.6219	2.5464	2.5912
October	2.6557	2.5923	2.6210
November	2.7034	2.6501	2.6723
December	2.7527	2.7045	2.7292