2015 AFN to ARS Historical Review

YEARLY HIGH

0.1964 ARS

YEARLY LOW

0.1414 ARS

YEARLY AVERAGE

0.1512 ARS

2015 AFN to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2015

During 2015, the AFN to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 17, valuing the pair at 0.1964. Conversely, the yearly low was recorded on November 20, dropping to 0.1414.

This high-to-low spread represents a total annual volatility of 0.0550 ARS. From a start-to-finish perspective, comparing the January average rate of 0.1490 to the December average rate of 0.1677, the exchange rate registered a net change of 12.56% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2015 high of 0.1964 was up 31.39% compared to the 2014 peak of 0.1495, 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 982 ARS

2014 Average 712 ARS

Yearly Trough Low 707 ARS

Transaction Impact: A difference of 275.21 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2015.

0.1700

0.1425

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 0.1517, compared to 0.1506 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0012 points.

H1 Avg (Jan–Jun) 0.1517

H2 Avg (Jul–Dec) 0.1506

Volatility Range Comparison

Volatility

The most volatile month in 2015 was December, with a trading range of 0.0517 ARS (High: 0.1964 / Low: 0.1447). On the other end, March was the most stable month, with a tight range of 0.0011 ARS (High: 0.1528 / Low: 0.1518).

December Spread (Volatile) ±0.0517

March Spread (Stable) ±0.0011

Growth Streaks & Declines

Trends

Between January and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.0042 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0042

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2015: 0.1677) against the same month in 2014 (average: 0.1473), the exchange rate shifted by +0.0203 (+13.81%).

2015 Avg (December) 0.1677

2014 Avg (December) 0.1473

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1509	0.1461	0.1490
February	0.1521	0.1504	0.1514
March	0.1528	0.1518	0.1523
April	0.1541	0.1511	0.1530
May	0.1541	0.1498	0.1523
June	0.1543	0.1492	0.1525
July	0.1514	0.1495	0.1507
August	0.1501	0.1428	0.1465
September	0.1486	0.1440	0.1468
October	0.1475	0.1461	0.1470
November	0.1472	0.1414	0.1447
December	0.1964	0.1447	0.1677