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Spot sanal Spot intervenSwap, forwardSwap, forwardSingle exchanExcess demand spot

7/7/2016 28 28 24 24 2014.31 0
7/19/2016 21 117.5 2035
7/21/2016 60 49 41.5 41.5 2045 11
7/26/2016 14 45.5
7/28/2016 28.2 64.5
8/2/2016 80.5 80.5 43.5 48.5 0
8/4/2016 16 0 42.5 47.5 2103 16
8/9/2016 40 20 29.5 34.5 2138.2 20
8/11/2016 42 30 42.7 42.7 2161.2 12
8/16/2016 26 26 15.6 15.6 2243.81 0
8/18/2016 60 60 49 49 2265.81 0
8/23/2016 4.1 0 4.1
8/25/2016 -4.9 0 54.3 54.3 -4.9
8/30/2016 -10.1 -12 2230 1.9
9/1/2016 -49.8 -49.8 2223 0
9/6/2016 -0.3 0 75.2 75.2 -0.3
9/8/2016 34.3 8 36.4 36.4 2226.1 26.3
9/13/2016 17.9 0 112 77 17.9
9/15/2016 22 0 40.4 40.4 22
9/20/2016 27.5 0 27.5
9/22/2016 39.9 8 2256.3 31.9
9/27/2016 47.25 13.8 7 7 2276 33.45
9/29/2016 31.61 14.4 5.5 2 2286.21 17.21
10/4/2016 4.7 0 8 0 4.7
10/6/2016 -7.6 -7.8 9 0 2281.5 0.2
10/11/2016 17.7 0 11.5 0 17.7
10/13/2016 56.8 15 44.5 0 2288.61 41.8
10/18/2016 50.1 12.4 18 0 2325.91 37.7
10/20/2016 24.3 0 17.1 0 24.3
10/25/2016 53.1 0 42 0 53.1
10/27/2016 52.1 0 16 0 52.1
11/1/2016 46 46 44 0 2380 0
11/3/2016 56.5 0 56.5
11/8/2016 67.2 0 34 0 67.2
11/10/2016 71.2 0 4 0 71.2
11/11/2016 72.4 72.4 0 0 2450 0
11/15/2016 20 20 0 0 2421 0
11/17/2016 47.8 32 0 0 2425 15.8
11/22/2016 58.8 27 2 0 2444.91 31.8
11/24/2016 61.85 48.5 1 0 2460 13.35
11/29/2016 40.9 24.2 0 0 2465.3 16.7
12/1/2016 31.45 12.75 0 0 2469.5 18.7
12/6/2016 42.55 22.7 2473 19.85
12/8/2016 46 24.05 0 0 2478 21.95
12/13/2016 41.7 18 1 0 2487.91 23.7
12/15/2016 47.5 47.5 10 10 2488 0
12/20/2016 30.4 16 10 10 2489 14.4
cess demand spot
7/1/2016 1992.76 14.75 0.26%
7/2/2016 1992.76 0.00% 14.75 0.26%
7/3/2016 1992.76 0.00% 14.75 0.26%
7/4/2016 1995.62 0.14% 14.75 0.26%
7/5/2016 1993.87 -0.09% 14.75 0.26%
7/6/2016 2007.44 0.68% 14.75 0.26%
7/7/2016 2012.24 0.24% 14.75 0.26%
7/8/2016 2017.57 0.26% 14.75 0.26%
7/9/2016 2017.57 0.00% 14.75 0.26%
7/10/2016 2017.57 0.00% 14.75 0.26%
7/11/2016 2017.57 0.00% 14.75 0.26%
7/12/2016 2017.57 0.00% 14.75 0.26%
7/13/2016 2017.57 0.00% 14.75 0.26%
7/13/2016 2017.57 0.00% 14.75 0.26%
7/14/2016 2017.57 0.00% 14.75 0.26%
7/15/2016 2017.57 0.00% 14.75 0.26%
7/16/2016 2017.57 0.00% 14.75 0.26%
7/17/2016 2017.57 0.00% 14.75 0.26%
7/18/2016 2023.20 0.28% 14.75 0.26%
7/19/2016 2032.54 0.46% 14.75 0.26%
7/20/2016 2037.51 0.24% 14.75 0.26%
7/21/2016 2043.40 11 0.29% 14.75 0.26%
7/22/2016 2048.74 0.26% 14.75 0.26%
7/23/2016 2048.74 0.00% 14.75 0.26%
7/24/2016 2048.74 0.00% 14.75 0.26%
7/25/2016 2049.30 0.03% 14.75 0.26%
7/26/2016 2053.05 0.18% 14.75 0.26%
7/27/2016 2061.70 0.42% 14.75 0.26%
7/28/2016 2068.43 0.33% 14.75 0.26%
7/29/2016 2073.09 0.23% 14.75 0.26%
7/30/2016 2073.09 0.00% 14.75 0.26%
7/31/2016 2073.09 0.00% 14.75 0.26%
8/1/2016 2074.64 0.07% 14.75 0.26%
8/2/2016 2087.61 0.63% 14.75 0.26%
8/3/2016 2090.84 0.15% 14.75 0.26%
8/4/2016 2098.30 16 0.36% 14.75 0.26%
8/5/2016 2111.27 0.62% 14.75 0.26%
8/6/2016 2111.27 0.00% 14.75 0.26%
8/7/2016 2111.27 0.00% 14.75 0.26%
8/8/2016 2122.65 0.54% 14.75 0.26%
8/9/2016 2131.81 20 0.43% 14.75 0.26%
8/10/2016 2141.59 0.46% 14.75 0.26%
8/11/2016 2152.07 12 0.49% 14.75 0.26%
8/12/2016 2169.44 0.81% 14.75 0.26%
8/13/2016 2169.44 0.00% 14.75 0.26%
8/14/2016 2169.44 0.00% 14.75 0.26%
8/15/2016 2187.38 0.83% 14.75 0.26%
8/16/2016 2237.32 2.28% 14.75 0.26%
8/17/2016 2251.99 0.66% 14.75 0.26%
8/18/2016 2265.28 0.59% 14.75 75 0.26%
8/19/2016 2263.70 -0.07% 0.366666667 -0.16%
8/20/2016 2263.70 0.00% 0.366666667 -0.16%
8/21/2016 2263.70 0.00% 0.366666667 -0.16%
8/22/2016 2260.05 -0.16% 0.366666667 -0.16%
8/23/2016 2257.87 4.1 -0.10% 0.366666667 -0.16%
8/24/2016 2254.97 -0.13% 0.366666667 -0.16%
8/25/2016 2250.95 -4.9 -0.18% 0.366666667 -0.16%
8/26/2016 2253.24 0.10% 0.366666667 -0.16%
8/27/2016 2253.24 0.00% 0.366666667 -0.16%
8/28/2016 2253.24 0.00% 0.366666667 -0.16%
8/29/2016 2233.56 -0.87% 0.366666667 -0.16%
8/30/2016 2231.93 1.9 -0.07% 0.366666667 -0.16%
8/31/2016 2219.65 -0.55% 0.366666667 -0.16%
9/1/2016 2207.70 -0.54% 21.995 0.09%
9/2/2016 2211.58 0.18% 21.995 0.09%
9/3/2016 2211.58 0.00% 21.995 0.09%
9/4/2016 2211.58 0.00% 21.995 0.09%
9/5/2016 2213.18 0.07% 21.995 0.09%
9/6/2016 2212.61 -0.3 -0.03% 21.995 0.09%
9/7/2016 2220.22 0.34% 21.995 0.09%
9/8/2016 2223.62 26.3 0.15% 21.995 0.09%
9/9/2016 2232.86 0.42% 21.995 0.09%
9/10/2016 2232.86 0.00% 21.995 0.09%
9/11/2016 2232.86 0.00% 21.995 0.09%
9/12/2016 2232.65 -0.01% 21.995 0.09%
9/13/2016 2238.52 17.9 0.26% 21.995 0.09%
9/14/2016 2240.74 0.10% 21.995 0.09%
9/15/2016 2244.97 22 0.19% 21.995 0.09%
9/16/2016 2246.43 0.07% 21.995 0.09%
9/17/2016 2246.43 0.00% 21.995 0.09%
9/18/2016 2246.43 0.00% 21.995 0.09%
9/19/2016 2247.86 0.06% 21.995 0.09%
9/20/2016 2247.52 27.5 -0.02% 21.995 0.09%
9/21/2016 2249.42 0.08% 21.995 0.09%
9/22/2016 2253.61 31.9 0.19% 21.995 0.09%
9/23/2016 2257.89 0.19% 21.995 0.09%
9/24/2016 2257.89 0.00% 21.995 0.09%
9/25/2016 2257.89 0.00% 21.995 0.09%
9/26/2016 2263.94 0.27% 21.995 0.09%
9/27/2016 2272.82 33.45 0.39% 21.995 0.09%
9/28/2016 2277.62 0.21% 21.995 0.09%
9/29/2016 2284.39 17.21 0.30% 21.995 0.09%
9/30/2016 2287.30 0.13% 21.995 0.09%
10/1/2016 2287.30 0.00% 21.995 0.09%
10/2/2016 2287.30 0.00% 21.995 0.09%
10/3/2016 2290.03 0.12% 21.995 0.09%
10/4/2016 2289.67 4.7 -0.02% 7.533333333 -0.08%
10/5/2016 2281.78 -0.34% 7.533333333 -0.08%
10/6/2016 2275.79 0.2 -0.26% 7.533333333 -0.08%
10/7/2016 2273.59 -0.10% 7.533333333 -0.08%
10/8/2016 2273.59 0.00% 7.533333333 -0.08%
10/9/2016 2273.59 0.00% 7.533333333 -0.08%
### 2269.97 -0.16% 7.533333333 -0.08%
### 2271.98 17.7 0.09% 7.533333333 -0.08%
### 2272.75 0.03% 7.533333333 -0.08%
### 2286.28 41.8 0.60% 50.4875 0.22%
### 2290.92 0.20% 50.4875 0.22%
### 2290.92 0.00% 50.4875 0.22%
### 2290.92 0.00% 50.4875 0.22%
### 2306.59 0.68% 50.4875 0.22%
### 2319.29 37.7 0.55% 50.4875 0.22%
### 2319.29 0.00% 50.4875 0.22%
### 2326.58 24.3 0.31% 50.4875 0.22%
### 2330.86 0.18% 50.4875 0.22%
### 2330.86 0.00% 50.4875 0.22%
### 2330.86 0.00% 50.4875 0.22%
### 2335.88 0.22% 50.4875 0.22%
### 2340.11 53.1 0.18% 50.4875 0.22%
### 2348.86 0.37% 50.4875 0.22%
### 2363.10 52.1 0.61% 50.4875 0.22%
### 2374.21 0.47% 50.4875 0.22%
### 2374.21 0.00% 50.4875 0.22%
### 2374.21 0.00% 50.4875 0.22%
### 2374.21 0.00% 50.4875 0.22%
11/1/2016 2381.65 0.31% 50.4875 0.22%
11/2/2016 2388.45 0.29% 50.4875 0.22%
11/3/2016 2396.13 56.5 0.32% 50.4875 0.22%
11/4/2016 2406.41 0.43% 50.4875 0.22%
11/5/2016 2406.41 0.00% 50.4875 0.22%
11/6/2016 2406.41 0.00% 50.4875 0.22%
11/7/2016 2413.08 0.28% 50.4875 0.22%
11/8/2016 2420.95 67.2 0.33% 50.4875 0.22%
11/9/2016 2428.08 0.29% 50.4875 0.22%
### 2453.39 71.2 1.04% 50.4875 0.22%
### 2452.98 -0.02% 50.4875 0.22%
### 2452.98 0.00% 50.4875 0.22%
### 2452.98 0.00% 50.4875 0.22%
### 2459.55 0.27% 50.4875 0.22%
### 2446.56 -0.53% 50.4875 0.22%
### 2424.44 -0.90% 19.58333333 0.05%
### 2428.64 15.8 0.17% 19.58333333 0.05%
### 2434.22 0.23% 19.58333333 0.05%
### 2434.22 0.00% 19.58333333 0.05%
### 2434.22 0.00% 19.58333333 0.05%
### 2434.67 0.02% 19.58333333 0.05%
### 2445.29 31.8 0.44% 19.58333333 0.05%
### 2451.72 0.26% 19.58333333 0.05%
### 2459.66 13.35 0.32% 19.58333333 0.05%
### 2459.66 0.00% 19.58333333 0.05%
### 2459.66 0.00% 19.58333333 0.05%
### 2459.66 0.00% 19.58333333 0.05%
### 2462.60 0.12% 19.58333333 0.05%
### 2465.57 16.7 0.12% 19.58333333 0.05%
### 2466.64 0.04% 19.58333333 0.05%
12/1/2016 2468.07 18.7 0.06% 19.58333333 0.05%
12/2/2016 2468.68 0.02% 19.58333333 0.05%
12/3/2016 2468.68 0.00% 19.58333333 0.05%
12/4/2016 2468.68 0.00% 19.58333333 0.05%
12/5/2016 2470.03 0.05% 19.58333333 0.05%
12/6/2016 2472.63 19.85 0.11% 19.58333333 0.05%
12/7/2016 2474.86 0.09% 19.58333333 0.05%
12/8/2016 2475.65 21.95 0.03% 19.58333333 0.05%
12/9/2016 2478.64 0.12% 19.58333333 0.05%
### 2478.64 0.00% 19.58333333 0.05%
### 2478.64 0.00% 19.58333333 0.05%
### 2480.65 0.08% 19.58333333 0.05%
### 2483.00 23.7 0.09% 19.58333333 0.05%
### 2487.58 0.18% 19.58333333 0.05%
### 2488.17 0.02% 19.58333333 0.05%
### 2489.30 0.05% 19.58333333 0.05%
### 2489.30 0.00% 19.58333333 0.05%
### 2489.30 0.00% 19.58333333 0.05%
### 2488.49 -0.03% 19.58333333 75 0.05%
### 2487.00 14.4 -0.06% 19.58333333 0.05%
0.00%
0.00%
0.14%
0.06%
0.74%
0.98%
1.24%
1.24%
1.24%
1.24%
1.24%
1.24%
1.24%
1.24%
1.24%
1.24%
1.24%
1.52%
1.98%
2.23%
2.51%
2.78%
2.78%
2.78%
2.80%
2.99%
3.41%
3.73%
3.96%
3.96%
3.96%
4.03%
4.66%
4.81%
5.17%
5.79%
5.79%
5.79%
6.33%
6.76%
7.22%
7.71%
8.51%
8.51%
8.51%
9.34%
11.62%
12.28%
12.87%
-0.07%
-0.07%
-0.07%
-0.23%
-0.33%
-0.46%
-0.63%
-0.53%
-0.53%
-0.53%
-1.41%
-1.48%
-2.03%
-0.54%
-0.36%
-0.36%
-0.36%
-0.29%
-0.32%
0.03%
0.18%
0.60%
0.60%
0.60%
0.59%
0.85%
0.95%
1.14%
1.20%
1.20%
1.20%
1.27%
1.25%
1.34%
1.52%
1.71%
1.71%
1.71%
1.98%
2.37%
2.58%
2.88%
3.01%
3.01%
3.01%
3.13%
-0.02%
-0.36%
-0.62%
-0.72%
-0.72%
-0.72%
-0.88%
-0.79%
-0.76%
0.60%
0.80%
0.80%
0.80%
1.48%
2.03%
2.03%
2.35%
2.53%
2.53%
2.53%
2.75%
2.93%
3.30%
3.91%
4.38%
4.38%
4.38%
4.38%
4.69%
4.98%
5.30%
5.73%
5.73%
5.73%
6.00%
6.33%
6.63%
7.67%
7.65%
7.65%
7.65%
7.92%
7.39%
-0.90%
-0.73%
-0.50%
-0.50%
-0.50%
-0.48%
-0.05%
0.22%
0.54%
0.54%
0.54%
0.54%
0.66%
0.78%
0.82%
0.88%
0.91%
0.91%
0.91%
0.96%
1.07%
1.16% USD auction (spot market)
1.19% 2500.00
1.31%
1.31%
2400.00
1.31%
1.39%
1.49% 2300.00
1.67%
2200.00

2100.00
2300.00

1.69%
2200.00
1.74%
1.74%
1.74% 2100.00

1.71%
1.65% 2000.00

1900.00
7/1/2016 8/1/2016 9/1/2016 10/1/2016 11/1/2

MPRate Exces s demand (Spot ma rket


Average a round ST trend USDMNT

USD auction (spot market)


3.0%

2.0%

1.0%

0.0%

-1.0%

-2.0%

-3.0%
7/1/2016 8/1/2016 9/1/2016 10/1/2016 11/1/20

MPRate Exces s demand (Spot market, ml n $) Avera


USDMNT return USDMNT return ST avera ge

USD auction (spot market)


13.0%

11.0%

9.0%

7.0%

5.0%

3.0%

1.0%
7.0%

5.0%

3.0%

1.0%

-1.0%

-3.0%
7/1/2016 8/1/2016 9/1/2016 10/1/2016 11/1/20

MPRate Exces s demand (Spot market, ml n $) Average around ST trend


ction (spot market)
75

60

45

30

15
45

30

15

-15
10/1/2016 11/1/2016 12/1/2016

Exces s demand (Spot ma rket, ml n $)


nd USDMNT

ction (spot market)


75

60

45

30

15

-15
10/1/2016 11/1/2016 12/1/2016

mand (Spot market, ml n $) Avera ge around ST trend


eturn ST avera ge

ction (spot market)


75

60

45

30

15
45

30

15

-15
10/1/2016 11/1/2016 12/1/2016

n $) Average around ST trend Cumul ative return (ST trend)