2019 ARS to BTN Historical Review

YEARLY HIGH

1.9304 BTN

YEARLY LOW

1.1778 BTN

YEARLY AVERAGE

1.5040 BTN

2019 ARS to BTN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the ARS to BTN exchange rate experienced significant fluctuation. The market reached its absolute peak on February 4, valuing the pair at 1.9304. Conversely, the yearly low was recorded on August 14, dropping to 1.1778.

This high-to-low spread represents a total annual volatility of 0.7526 BTN. From a start-to-finish perspective, comparing the January average rate of 1.8902 to the December average rate of 1.1901, the exchange rate registered a net change of -37.04% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2019 high of 1.9304 was down 44.10% compared to the 2018 peak of 3.4536, 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 9,652 BTN

2018 Average 12,906 BTN

Yearly Trough Low 5,889 BTN

Transaction Impact: A difference of 3,762.88 BTN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

1.9602

1.1201

JanuMarcMayJulySeptNove

ARS to BTN 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 1.6985, compared to 1.3095 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.3890 points.

H1 Avg (Jan–Jun) 1.6985

H2 Avg (Jul–Dec) 1.3095

Volatility Range Comparison

Volatility

The most volatile month in 2019 was August, with a trading range of 0.3909 BTN (High: 1.5687 / Low: 1.1778). On the other end, December was the most stable month, with a tight range of 0.0163 BTN (High: 1.2002 / Low: 1.1839).

August Spread (Volatile) ±0.3909

December Spread (Stable) ±0.0163

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 0.2452 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.2452

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2019: 1.8554) against the same month in 2018 (average: 3.2466), the exchange rate shifted by -1.3912 (-42.85%).

2019 Avg (February) 1.8554

2018 Avg (February) 3.2466

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.9179	1.8487	1.8902
February	1.9304	1.7908	1.8554
March	1.7786	1.5704	1.6850
April	1.6730	1.5288	1.6142
May	1.5733	1.5330	1.5559
June	1.6389	1.5428	1.5903
July	1.6497	1.5698	1.6206
August	1.5687	1.1778	1.3754
September	1.2956	1.1999	1.2588
October	1.2370	1.1838	1.2150
November	1.2080	1.1849	1.1972
December	1.2002	1.1839	1.1901