2014 ARS to BOB Historical Review

YEARLY HIGH

1.0609 BOB

YEARLY LOW

0.8073 BOB

YEARLY AVERAGE

0.8547 BOB

2014 ARS to BOB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the ARS to BOB exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 1.0609. Conversely, the yearly low was recorded on December 12, dropping to 0.8073.

This high-to-low spread represents a total annual volatility of 0.2536 BOB. From a start-to-finish perspective, comparing the January average rate of 0.9950 to the December average rate of 0.8088, the exchange rate registered a net change of -18.71% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 1.0609 was down 25.42% compared to the 2013 peak of 1.4225, 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 5,304 BOB

2013 Average 6,379 BOB

Yearly Trough Low 4,036 BOB

Transaction Impact: A difference of 1,267.91 BOB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

1.0136

0.7902

JanuMarcMayJulySeptNove

ARS to BOB 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 0.8867, compared to 0.8228 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0640 points.

H1 Avg (Jan–Jun) 0.8867

H2 Avg (Jul–Dec) 0.8228

Volatility Range Comparison

Volatility

The most volatile month in 2014 was January, with a trading range of 0.1980 BOB (High: 1.0609 / Low: 0.8628). On the other end, April was the most stable month, with a tight range of 0.0018 BOB (High: 0.8647 / Low: 0.8629).

January Spread (Volatile) ±0.1980

April Spread (Stable) ±0.0018

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2014. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.1158 points.

Longest Streak 0 Mo.

Sharpest MoM Drop -0.1158

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2014: 0.9950) against the same month in 2013 (average: 1.4122), the exchange rate shifted by -0.4173 (-29.55%).

2014 Avg (January) 0.9950

2013 Avg (January) 1.4122

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.0609	0.8628	0.9950
February	0.8893	0.8623	0.8791
March	0.8793	0.8637	0.8724
April	0.8647	0.8629	0.8637
May	0.8649	0.8553	0.8599
June	0.8553	0.8486	0.8502
July	0.8510	0.8423	0.8476
August	0.8396	0.8221	0.8315
September	0.8296	0.8159	0.8216
October	0.8190	0.8106	0.8153
November	0.8133	0.8099	0.8117
December	0.8153	0.8073	0.8088