2023 ARS to BTN Historical Review

YEARLY HIGH

0.4673 BTN

YEARLY LOW

0.1028 BTN

YEARLY AVERAGE

0.3156 BTN

2023 ARS to BTN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ARS to BTN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.4673. Conversely, the yearly low was recorded on December 31, dropping to 0.1028.

This high-to-low spread represents a total annual volatility of 0.3645 BTN. From a start-to-finish perspective, comparing the January average rate of 0.4496 to the December average rate of 0.1525, the exchange rate registered a net change of -66.08% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.4673 was down 35.50% compared to the 2022 peak of 0.7244, 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 2,336 BTN

2022 Average 3,070 BTN

Yearly Trough Low 514 BTN

Transaction Impact: A difference of 1,822.40 BTN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.4793

0.1228

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 0.3925, compared to 0.2388 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1538 points.

H1 Avg (Jan–Jun) 0.3925

H2 Avg (Jul–Dec) 0.2388

Volatility Range Comparison

Volatility

The most volatile month in 2023 was December, with a trading range of 0.1282 BTN (High: 0.2309 / Low: 0.1028). On the other end, October was the most stable month, with a tight range of 0.0012 BTN (High: 0.2380 / Low: 0.2368).

December Spread (Volatile) ±0.1282

October Spread (Stable) ±0.0012

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0830 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0830

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.4496) against the same month in 2022 (average: 0.7163), the exchange rate shifted by -0.2667 (-37.23%).

2023 Avg (January) 0.4496

2022 Avg (January) 0.7163

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4673	0.4365	0.4496
February	0.4400	0.4192	0.4308
March	0.4178	0.3936	0.4060
April	0.3936	0.3645	0.3807
May	0.3691	0.3453	0.3567
June	0.3441	0.3198	0.3313
July	0.3198	0.2990	0.3092
August	0.2982	0.2358	0.2605
September	0.2380	0.2363	0.2372
October	0.2380	0.2368	0.2376
November	0.2383	0.2313	0.2355
December	0.2309	0.1028	0.1525