2014 AFN to ARS Historical Review

YEARLY HIGH

0.1495 ARS

YEARLY LOW

0.1162 ARS

YEARLY AVERAGE

0.1423 ARS

2014 AFN to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the AFN to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on September 3, valuing the pair at 0.1495. Conversely, the yearly low was recorded on January 1, dropping to 0.1162.

This high-to-low spread represents a total annual volatility of 0.0333 ARS. From a start-to-finish perspective, comparing the January average rate of 0.1242 to the December average rate of 0.1473, the exchange rate registered a net change of 18.66% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.1495 was up 28.50% compared to the 2013 peak of 0.1163, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 747 ARS

2013 Average 499 ARS

Yearly Trough Low 581 ARS

Transaction Impact: A difference of 166.51 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.1507

0.1217

JanuMarcMayJulySeptNove

AFN 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 0.1376, compared to 0.1470 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0094 points.

H1 Avg (Jan–Jun) 0.1376

H2 Avg (Jul–Dec) 0.1470

Volatility Range Comparison

Volatility

The most volatile month in 2014 was January, with a trading range of 0.0258 ARS (High: 0.1420 / Low: 0.1162). On the other end, November was the most stable month, with a tight range of 0.0018 ARS (High: 0.1483 / Low: 0.1465).

January Spread (Volatile) ±0.0258

November Spread (Stable) ±0.0018

Growth Streaks & Declines

Trends

Between January and September, 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 October and November, when the average rate fell by 0.0005 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -0.0005

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2014: 0.1482) against the same month in 2013 (average: 0.1021), the exchange rate shifted by +0.0461 (+45.19%).

2014 Avg (September) 0.1482

2013 Avg (September) 0.1021

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1420	0.1162	0.1242
February	0.1420	0.1359	0.1385
March	0.1411	0.1374	0.1392
April	0.1428	0.1398	0.1409
May	0.1422	0.1403	0.1414
June	0.1424	0.1398	0.1415
July	0.1457	0.1409	0.1433
August	0.1493	0.1447	0.1476
September	0.1495	0.1469	0.1482
October	0.1489	0.1468	0.1479
November	0.1483	0.1465	0.1475
December	0.1481	0.1455	0.1473