2018 ARS to BIF Historical Review

YEARLY HIGH

95.9866 BIF

YEARLY LOW

43.0641 BIF

YEARLY AVERAGE

67.9000 BIF

2018 ARS to BIF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the ARS to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 95.9866. Conversely, the yearly low was recorded on September 30, dropping to 43.0641.

This high-to-low spread represents a total annual volatility of 52.9224 BIF. From a start-to-finish perspective, comparing the January average rate of 92.8091 to the December average rate of 47.8201, the exchange rate registered a net change of -48.47% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2018 high of 95.9866 was down 14.62% compared to the 2017 peak of 112.4223, 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 479,933 BIF

2017 Average 521,400 BIF

Yearly Trough Low 215,321 BIF

Transaction Impact: A difference of 264,612.09 BIF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

97.4806

41.4219

JanuMarcMayJulySeptNove

ARS to BIF 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 83.1500, compared to 52.6500 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 30.5000 points.

H1 Avg (Jan–Jun) 83.1500

H2 Avg (Jul–Dec) 52.6500

Volatility Range Comparison

Volatility

The most volatile month in 2018 was August, with a trading range of 19.8153 BIF (High: 65.5220 / Low: 45.7068). On the other end, March was the most stable month, with a tight range of 1.9187 BIF (High: 88.4165 / Low: 86.4977).

August Spread (Volatile) ±19.8153

March Spread (Stable) ±1.9187

Growth Streaks & Declines

Trends

Between September and November, 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 August and September, when the average rate fell by 13.7744 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -13.7744

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2018: 92.8091) against the same month in 2017 (average: 105.7426), the exchange rate shifted by -12.9336 (-12.23%).

2018 Avg (January) 92.8091

2017 Avg (January) 105.7426

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	95.9866	89.7207	92.8091
February	91.0142	87.2582	89.0171
March	88.4165	86.4977	87.3769
April	88.3964	85.9737	87.5327
May	85.6429	70.6660	75.4560
June	71.5488	61.7904	66.7081
July	65.6036	61.0815	64.1515
August	65.5220	45.7068	59.8679
September	48.0726	43.0641	46.0935
October	50.0168	45.0553	48.4172
November	51.3074	46.4664	49.5497
December	49.1935	46.9515	47.8201