2020 ARS to BTN Historical Review

YEARLY HIGH

1.2027 BTN

YEARLY LOW

0.8689 BTN

YEARLY AVERAGE

1.0600 BTN

2020 ARS to BTN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the ARS to BTN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 1.2027. Conversely, the yearly low was recorded on December 31, dropping to 0.8689.

This high-to-low spread represents a total annual volatility of 0.3338 BTN. From a start-to-finish perspective, comparing the January average rate of 1.1887 to the December average rate of 0.8918, the exchange rate registered a net change of -24.98% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 1.2027 was down 37.70% compared to the 2019 peak of 1.9304, 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 6,013 BTN

2019 Average 7,511 BTN

Yearly Trough Low 4,344 BTN

Transaction Impact: A difference of 1,668.91 BTN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

1.2184

0.8621

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 1.1506, compared to 0.9693 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1813 points.

H1 Avg (Jan–Jun) 1.1506

H2 Avg (Jul–Dec) 0.9693

Volatility Range Comparison

Volatility

The most volatile month in 2020 was April, with a trading range of 0.0558 BTN (High: 1.1880 / Low: 1.1323). On the other end, September was the most stable month, with a tight range of 0.0175 BTN (High: 0.9851 / Low: 0.9676).

April Spread (Volatile) ±0.0558

September Spread (Stable) ±0.0175

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 April and May, when the average rate fell by 0.0423 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0423

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2020: 1.1887) against the same month in 2019 (average: 1.8902), the exchange rate shifted by -0.7014 (-37.11%).

2020 Avg (January) 1.1887

2019 Avg (January) 1.8902

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.2027	1.1795	1.1887
February	1.1827	1.1529	1.1664
March	1.1963	1.1562	1.1777
April	1.1880	1.1323	1.1617
May	1.1387	1.1040	1.1195
June	1.1008	1.0735	1.0897
July	1.0724	1.0326	1.0504
August	1.0351	0.9889	1.0184
September	0.9851	0.9676	0.9769
October	0.9671	0.9404	0.9486
November	0.9510	0.9096	0.9298
December	0.9073	0.8689	0.8918