2020 ARS to BIF Historical Review

YEARLY HIGH

31.6101 BIF

YEARLY LOW

23.0793 BIF

YEARLY AVERAGE

27.3828 BIF

2020 ARS to BIF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the ARS to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 10, valuing the pair at 31.6101. Conversely, the yearly low was recorded on December 30, dropping to 23.0793.

This high-to-low spread represents a total annual volatility of 8.5307 BIF. From a start-to-finish perspective, comparing the January average rate of 31.4528 to the December average rate of 23.5286, the exchange rate registered a net change of -25.19% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 31.6101 was down 35.76% compared to the 2019 peak of 49.2088, 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 158,050 BIF

2019 Average 196,504 BIF

Yearly Trough Low 115,397 BIF

Transaction Impact: A difference of 42,653.62 BIF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

32.2452

22.7362

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 29.4679, compared to 25.2977 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 4.1702 points.

H1 Avg (Jan–Jun) 29.4679

H2 Avg (Jul–Dec) 25.2977

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 1.4200 BIF (High: 30.5475 / Low: 29.1275). On the other end, January was the most stable month, with a tight range of 0.2845 BIF (High: 31.6101 / Low: 31.3256).

March Spread (Volatile) ±1.4200

January Spread (Stable) ±0.2845

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 March and April, when the average rate fell by 1.0457 points.

Longest Streak 0 Mo.

Sharpest MoM Drop -1.0457

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2020: 31.4528) against the same month in 2019 (average: 48.3118), the exchange rate shifted by -16.8589 (-34.90%).

2020 Avg (January) 31.4528

2019 Avg (January) 48.3118

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	31.6101	31.3256	31.4528
February	31.3763	30.4236	30.8171
March	30.5475	29.1275	29.9776
April	29.4170	28.3819	28.9319
May	28.8977	27.7743	28.1851
June	27.7476	27.1824	27.4432
July	27.2395	26.6316	26.9719
August	26.6392	26.0213	26.3407
September	26.0081	25.3698	25.7053
October	25.3437	24.7215	24.9578
November	24.6831	23.8851	24.2820
December	23.8680	23.0793	23.5286