2015 ARS to BAM Historical Review

YEARLY HIGH

0.2122 BAM

YEARLY LOW

0.1354 BAM

YEARLY AVERAGE

0.1916 BAM

2015 ARS to BAM Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2015

During 2015, the ARS to BAM exchange rate experienced significant fluctuation. The market reached its absolute peak on March 15, valuing the pair at 0.2122. Conversely, the yearly low was recorded on December 17, dropping to 0.1354.

This high-to-low spread represents a total annual volatility of 0.0768 BAM. From a start-to-finish perspective, comparing the January average rate of 0.1957 to the December average rate of 0.1618, the exchange rate registered a net change of -17.33% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2015 high of 0.2122 was down 3.37% compared to the 2014 peak of 0.2196, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,061 BAM

2014 Average 911 BAM

Yearly Trough Low 677 BAM

Transaction Impact: A difference of 383.89 BAM purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2015.

0.2103

0.1574

JanuMarcMayJulySeptNove

ARS to BAM 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 0.1988, compared to 0.1843 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0145 points.

H1 Avg (Jan–Jun) 0.1988

H2 Avg (Jul–Dec) 0.1843

Volatility Range Comparison

Volatility

The most volatile month in 2015 was December, with a trading range of 0.0549 BAM (High: 0.1902 / Low: 0.1354). On the other end, February was the most stable month, with a tight range of 0.0035 BAM (High: 0.2006 / Low: 0.1971).

December Spread (Volatile) ±0.0549

February Spread (Stable) ±0.0035

Growth Streaks & Declines

Trends

Between January and March, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0280 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0280

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2015: 0.2059) against the same month in 2014 (average: 0.1786), the exchange rate shifted by +0.0272 (+15.24%).

2015 Avg (March) 0.2059

2014 Avg (March) 0.1786

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2025	0.1903	0.1957
February	0.2006	0.1971	0.1985
March	0.2122	0.2002	0.2059
April	0.2088	0.1963	0.2044
May	0.1998	0.1909	0.1957
June	0.1986	0.1893	0.1926
July	0.1978	0.1919	0.1945
August	0.1948	0.1830	0.1901
September	0.1882	0.1833	0.1858
October	0.1875	0.1806	0.1840
November	0.1925	0.1861	0.1898
December	0.1902	0.1354	0.1618