24% - — EURUSD6n1 real.441 U54,24R awn real y01 90% 22% - — EURZAR ern real vol — EURZAR-USDZAR em real coo • 80% 20% - • 70% 18%- 16% - 14% - 'AAA, Md • . 01 60% - 50% 12% - • 40% 10% - 8% 30% Jan-10 1.15 1.10 1.05 1.00 0.95 0.90 0.85 0.80 Ja -10 25% 20% 15% 10% 5% 0% Jul 14 1.60 1.45 1.30 1.15 1.00 0.85 0.70 Jul-10 Jan-11 —EURUSD spot .... USDZAR spot — EURZAR spot — EURZAR-USOZAR ro real xc — EURUSD aen rea€ al USDZiCR Om real AI — EUR24R am real w€ Jul-10 Jan-1I Jul-11 evc EURZ4R-USDZAR Om raw I carf r Jan-12 90% 80% 70% 60% 50% 40% 30% Jan-12 Jan-15 Jul-1S — EuRuSD spot —• USD7AR spot — EURZAR wait EURZAXUSDZAR elm f OS tett Jan-16 Jan-15 Jul-15 100% 90% 80% 70% 60% 50% Jul 16 *14 1I-e-1 Vcri f1 100% 90% 80% 70% 60% 50% Jan-16 Jul 16 From: Xavier Avila Sent: Friday, December 01, 2017 3:54 PM CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0089015 CONFIDENTIAL SDNY GM_00235199 EFTA01387013