2020 ARS to BAM Historical Review

YEARLY HIGH

0.0296 BAM

YEARLY LOW

0.0189 BAM

YEARLY AVERAGE

0.0247 BAM

2020 ARS to BAM Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the ARS to BAM exchange rate experienced significant fluctuation. The market reached its absolute peak on January 28, valuing the pair at 0.0296. Conversely, the yearly low was recorded on December 30, dropping to 0.0189.

This high-to-low spread represents a total annual volatility of 0.0106 BAM. From a start-to-finish perspective, comparing the January average rate of 0.0294 to the December average rate of 0.0195, the exchange rate registered a net change of -33.78% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.0296 was down 36.41% compared to the 2019 peak of 0.0465, 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 148 BAM

2019 Average 186 BAM

Yearly Trough Low 95 BAM

Transaction Impact: A difference of 53.09 BAM purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.0304

0.0185

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 0.0276, compared to 0.0217 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0059 points.

H1 Avg (Jan–Jun) 0.0276

H2 Avg (Jul–Dec) 0.0217

Volatility Range Comparison

Volatility

The most volatile month in 2020 was July, with a trading range of 0.0020 BAM (High: 0.0248 / Low: 0.0228). On the other end, January was the most stable month, with a tight range of 0.0003 BAM (High: 0.0296 / Low: 0.0292).

July Spread (Volatile) ±0.0020

January Spread (Stable) ±0.0003

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2020. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0016 points.

Longest Streak 0 Mo.

Sharpest MoM Drop -0.0016

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2020: 0.0294) against the same month in 2019 (average: 0.0458), the exchange rate shifted by -0.0164 (-35.85%).

2020 Avg (January) 0.0294

2019 Avg (January) 0.0458

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0296	0.0292	0.0294
February	0.0294	0.0286	0.0293
March	0.0288	0.0273	0.0280
April	0.0279	0.0269	0.0275
May	0.0273	0.0257	0.0266
June	0.0257	0.0247	0.0250
July	0.0248	0.0228	0.0240
August	0.0230	0.0221	0.0226
September	0.0223	0.0219	0.0221
October	0.0218	0.0211	0.0214
November	0.0214	0.0201	0.0207
December	0.0201	0.0189	0.0195