2020 AFN to ARS Historical Review

YEARLY HIGH

1.0885 ARS

YEARLY LOW

0.7673 ARS

YEARLY AVERAGE

0.9179 ARS

2020 AFN to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the AFN to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 1.0885. Conversely, the yearly low was recorded on January 1, dropping to 0.7673.

This high-to-low spread represents a total annual volatility of 0.3212 ARS. From a start-to-finish perspective, comparing the January average rate of 0.7762 to the December average rate of 1.0713, the exchange rate registered a net change of 38.03% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 1.0885 was up 41.55% compared to the 2019 peak of 0.7690, 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 5,443 ARS

2019 Average 3,090 ARS

Yearly Trough Low 3,836 ARS

Transaction Impact: A difference of 1,606.19 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

1.1008

0.7466

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 0.8406, compared to 0.9952 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1546 points.

H1 Avg (Jan–Jun) 0.8406

H2 Avg (Jul–Dec) 0.9952

Volatility Range Comparison

Volatility

The most volatile month in 2020 was February, with a trading range of 0.0431 ARS (High: 0.8190 / Low: 0.7760). On the other end, August was the most stable month, with a tight range of 0.0206 ARS (High: 0.9633 / Low: 0.9427).

February Spread (Volatile) ±0.0431

August Spread (Stable) ±0.0206

Growth Streaks & Declines

Trends

Between January and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 11 straight months. No significant month-over-month rate declines were detected.

Longest Streak 11 Mo.

Sharpest MoM Drop -0.0000

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2020: 1.0713) against the same month in 2019 (average: 0.7613), the exchange rate shifted by +0.3100 (+40.72%).

2020 Avg (December) 1.0713

2019 Avg (December) 0.7613

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.7889	0.7673	0.7762
February	0.8190	0.7760	0.7965
March	0.8415	0.8122	0.8280
April	0.8767	0.8445	0.8605
May	0.8934	0.8634	0.8831
June	0.9115	0.8890	0.8995
July	0.9436	0.9128	0.9257
August	0.9633	0.9427	0.9500
September	0.9912	0.9669	0.9780
October	1.0193	0.9927	1.0087
November	1.0553	1.0201	1.0375
December	1.0885	1.0576	1.0713