2016 ARS to BWP Historical Review

YEARLY HIGH

0.8778 BWP

YEARLY LOW

0.6611 BWP

YEARLY AVERAGE

0.7401 BWP

2016 ARS to BWP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the ARS to BWP exchange rate experienced significant fluctuation. The market reached its absolute peak on January 17, valuing the pair at 0.8778. Conversely, the yearly low was recorded on December 7, dropping to 0.6611.

This high-to-low spread represents a total annual volatility of 0.2167 BWP. From a start-to-finish perspective, comparing the January average rate of 0.8497 to the December average rate of 0.6781, the exchange rate registered a net change of -20.20% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2016 high of 0.8778 was down 24.35% compared to the 2015 peak of 1.1603, 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 4,389 BWP

2015 Average 5,491 BWP

Yearly Trough Low 3,305 BWP

Transaction Impact: A difference of 1,083.42 BWP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

0.8669

0.6609

JanuMarcMayJulySeptNove

ARS to BWP 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 0.7781, compared to 0.7021 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0760 points.

H1 Avg (Jan–Jun) 0.7781

H2 Avg (Jul–Dec) 0.7021

Volatility Range Comparison

Volatility

The most volatile month in 2016 was February, with a trading range of 0.0879 BWP (High: 0.8122 / Low: 0.7243). On the other end, November was the most stable month, with a tight range of 0.0255 BWP (High: 0.7076 / Low: 0.6821).

February Spread (Volatile) ±0.0879

November Spread (Stable) ±0.0255

Growth Streaks & Declines

Trends

Between March and May, 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 January and February, when the average rate fell by 0.0863 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0863

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2016: 0.8497) against the same month in 2015 (average: 1.1151), the exchange rate shifted by -0.2653 (-23.80%).

2016 Avg (January) 0.8497

2015 Avg (January) 1.1151

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.8778	0.8220	0.8497
February	0.8122	0.7243	0.7634
March	0.7779	0.7192	0.7482
April	0.7695	0.7341	0.7505
May	0.8059	0.7423	0.7791
June	0.8054	0.7266	0.7776
July	0.7402	0.7088	0.7239
August	0.7202	0.6934	0.7072
September	0.7263	0.6795	0.7045
October	0.7146	0.6836	0.7005
November	0.7076	0.6821	0.6984
December	0.6991	0.6611	0.6781