2021 ARS to BIF Historical Review

YEARLY HIGH

23.1266 BIF

YEARLY LOW

19.4574 BIF

YEARLY AVERAGE

20.8167 BIF

2021 ARS to BIF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the ARS to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 23.1266. Conversely, the yearly low was recorded on December 30, dropping to 19.4574.

This high-to-low spread represents a total annual volatility of 3.6693 BIF. From a start-to-finish perspective, comparing the January average rate of 22.6645 to the December average rate of 19.6151, the exchange rate registered a net change of -13.45% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 23.1266 was down 26.84% compared to the 2020 peak of 31.6101, 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 115,633 BIF

2020 Average 136,864 BIF

Yearly Trough Low 97,287 BIF

Transaction Impact: A difference of 18,346.31 BIF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

22.9694

19.3101

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 21.4921, compared to 20.1413 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.3508 points.

H1 Avg (Jan–Jun) 21.4921

H2 Avg (Jul–Dec) 20.1413

Volatility Range Comparison

Volatility

The most volatile month in 2021 was January, with a trading range of 0.8386 BIF (High: 23.1266 / Low: 22.2880). On the other end, September was the most stable month, with a tight range of 0.1544 BIF (High: 20.3124 / Low: 20.1580).

January Spread (Volatile) ±0.8386

September Spread (Stable) ±0.1544

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2021. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.6690 points.

Longest Streak 0 Mo.

Sharpest MoM Drop -0.6690

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2021: 22.6645) against the same month in 2020 (average: 31.4528), the exchange rate shifted by -8.7883 (-27.94%).

2021 Avg (January) 22.6645

2020 Avg (January) 31.4528

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	23.1266	22.2880	22.6645
February	22.3122	21.6367	21.9955
March	21.7059	21.2481	21.4800
April	21.4247	20.8541	21.0883
May	21.0668	20.8353	20.9414
June	20.8761	20.6926	20.7829
July	20.7057	20.4823	20.6048
August	20.5355	20.2885	20.4183
September	20.3124	20.1580	20.2478
October	20.2219	19.9851	20.0917
November	19.9890	19.7369	19.8701
December	19.7356	19.4574	19.6151