2014 AOA to ARS Historical Review

YEARLY HIGH

0.0863 ARS

YEARLY LOW

0.0668 ARS

YEARLY AVERAGE

0.0825 ARS

2014 AOA to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the AOA to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on October 5, valuing the pair at 0.0863. Conversely, the yearly low was recorded on January 1, dropping to 0.0668.

This high-to-low spread represents a total annual volatility of 0.0195 ARS. From a start-to-finish perspective, comparing the January average rate of 0.0715 to the December average rate of 0.0837, the exchange rate registered a net change of 17.04% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.0863 was up 29.18% compared to the 2013 peak of 0.0668, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 432 ARS

2013 Average 284 ARS

Yearly Trough Low 334 ARS

Transaction Impact: A difference of 97.66 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.0874

0.0701

JanuMarcMayJulySeptNove

AOA 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 0.0801, compared to 0.0849 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0048 points.

H1 Avg (Jan–Jun) 0.0801

H2 Avg (Jul–Dec) 0.0849

Volatility Range Comparison

Volatility

The most volatile month in 2014 was January, with a trading range of 0.0153 ARS (High: 0.0821 / Low: 0.0668). On the other end, September was the most stable month, with a tight range of 0.0006 ARS (High: 0.0863 / Low: 0.0857).

January Spread (Volatile) ±0.0153

September Spread (Stable) ±0.0006

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 November and December, when the average rate fell by 0.0012 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -0.0012

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2014: 0.0859) against the same month in 2013 (average: 0.0600), the exchange rate shifted by +0.0259 (+43.13%).

2014 Avg (October) 0.0859

2013 Avg (October) 0.0600

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0821	0.0668	0.0715
February	0.0822	0.0796	0.0805
March	0.0819	0.0806	0.0812
April	0.0821	0.0815	0.0818
May	0.0827	0.0817	0.0822
June	0.0834	0.0825	0.0832
July	0.0846	0.0833	0.0839
August	0.0862	0.0842	0.0850
September	0.0863	0.0857	0.0860
October	0.0863	0.0856	0.0859
November	0.0858	0.0844	0.0849
December	0.0845	0.0824	0.0837