2013 VEF to ARS Historical Review

YEARLY HIGH

1.1911 ARS

YEARLY LOW

0.8132 ARS

YEARLY AVERAGE

0.9555 ARS

2013 VEF to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2013

During 2013, the VEF to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on March 17, valuing the pair at 1.1911. Conversely, the yearly low was recorded on March 26, dropping to 0.8132.

This high-to-low spread represents a total annual volatility of 0.3778 ARS. From a start-to-finish perspective, comparing the January average rate of 1.1516 to the December average rate of 1.0066, the exchange rate registered a net change of -12.59% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2013 high of 1.1911 was up 4.03% compared to the 2012 peak of 1.1449, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 5,955 ARS

2012 Average 5,295 ARS

Yearly Trough Low 4,066 ARS

Transaction Impact: A difference of 1,889.07 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2013.

1.2008

0.7837

JanuMarcMayJulySeptNove

VEF 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 0.9857, compared to 0.9253 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0604 points.

H1 Avg (Jan–Jun) 0.9857

H2 Avg (Jul–Dec) 0.9253

Volatility Range Comparison

Volatility

The most volatile month in 2013 was March, with a trading range of 0.3778 ARS (High: 1.1911 / Low: 0.8132). On the other end, April was the most stable month, with a tight range of 0.0103 ARS (High: 0.8235 / Low: 0.8133).

March Spread (Volatile) ±0.3778

April Spread (Stable) ±0.0103

Growth Streaks & Declines

Trends

Between April and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.2808 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -0.2808

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2013: 1.0993) against the same month in 2012 (average: 1.0140), the exchange rate shifted by +0.0852 (+8.40%).

2013 Avg (March) 1.0993

2012 Avg (March) 1.0140

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.1589	1.1446	1.1516
February	1.1745	1.1594	1.1660
March	1.1911	0.8132	1.0993
April	0.8235	0.8133	0.8185
May	0.8393	0.8241	0.8319
June	0.8566	0.8391	0.8470
July	0.8745	0.8565	0.8641
August	0.9011	0.8752	0.8865
September	0.9198	0.9011	0.9109
October	0.9386	0.9205	0.9286
November	0.9752	0.9414	0.9553
December	1.0366	0.9753	1.0066