2019 ARS to BIF Historical Review

YEARLY HIGH

49.2088 BIF

YEARLY LOW

30.5993 BIF

YEARLY AVERAGE

39.3432 BIF

2019 ARS to BIF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the ARS to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 11, valuing the pair at 49.2088. Conversely, the yearly low was recorded on August 14, dropping to 30.5993.

This high-to-low spread represents a total annual volatility of 18.6095 BIF. From a start-to-finish perspective, comparing the January average rate of 48.3118 to the December average rate of 31.3926, the exchange rate registered a net change of -35.02% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2019 high of 49.2088 was down 48.73% compared to the 2018 peak of 95.9866, 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 246,044 BIF

2018 Average 338,930 BIF

Yearly Trough Low 152,996 BIF

Transaction Impact: A difference of 93,047.29 BIF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

50.0049

29.6866

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 44.2530, compared to 34.4335 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 9.8195 points.

H1 Avg (Jan–Jun) 44.2530

H2 Avg (Jul–Dec) 34.4335

Volatility Range Comparison

Volatility

The most volatile month in 2019 was August, with a trading range of 11.0373 BIF (High: 41.6366 / Low: 30.5993). On the other end, December was the most stable month, with a tight range of 0.2579 BIF (High: 31.5174 / Low: 31.2596).

August Spread (Volatile) ±11.0373

December Spread (Stable) ±0.2579

Growth Streaks & Declines

Trends

Between May and July, 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 July and August, when the average rate fell by 7.6465 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -7.6465

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2019: 48.3118) against the same month in 2018 (average: 92.8091), the exchange rate shifted by -44.4973 (-47.95%).

2019 Avg (January) 48.3118

2018 Avg (January) 92.8091

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	49.2088	47.4935	48.3118
February	49.0815	45.4796	47.3260
March	45.9761	41.4345	44.1313
April	44.0346	40.0419	42.5596
May	41.6073	40.4891	40.9738
June	43.5305	40.9523	42.2153
July	44.4257	42.0235	43.4698
August	41.6366	30.5993	35.8234
September	33.6552	31.0683	32.7438
October	32.0974	31.0239	31.7915
November	31.5403	31.2032	31.3798
December	31.5174	31.2596	31.3926