2015 ARS to CVE Historical Review

YEARLY HIGH

11.8940 CVE

YEARLY LOW

7.6457 CVE

YEARLY AVERAGE

10.7896 CVE

2015 ARS to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2015

During 2015, the ARS to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on March 15, valuing the pair at 11.8940. Conversely, the yearly low was recorded on December 17, dropping to 7.6457.

This high-to-low spread represents a total annual volatility of 4.2483 CVE. From a start-to-finish perspective, comparing the January average rate of 11.0074 to the December average rate of 9.1157, the exchange rate registered a net change of -17.19% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2015 high of 11.8940 was down 3.74% compared to the 2014 peak of 12.3561, 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 59,470 CVE

2014 Average 51,117 CVE

Yearly Trough Low 38,229 CVE

Transaction Impact: A difference of 21,241.61 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2015.

11.8233

8.8696

JanuMarcMayJulySeptNove

ARS to CVE 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 11.1880, compared to 10.3912 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.7968 points.

H1 Avg (Jan–Jun) 11.1880

H2 Avg (Jul–Dec) 10.3912

Volatility Range Comparison

Volatility

The most volatile month in 2015 was December, with a trading range of 3.0810 CVE (High: 10.7267 / Low: 7.6457). On the other end, February was the most stable month, with a tight range of 0.2306 CVE (High: 11.3277 / Low: 11.0971).

December Spread (Volatile) ±3.0810

February Spread (Stable) ±0.2306

Growth Streaks & Declines

Trends

Between January and March, 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 November and December, when the average rate fell by 1.5880 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -1.5880

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2015: 11.5771) against the same month in 2014 (average: 10.0140), the exchange rate shifted by +1.5631 (+15.61%).

2015 Avg (March) 11.5771

2014 Avg (March) 10.0140

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	11.3744	10.6612	11.0074
February	11.3277	11.0971	11.1742
March	11.8940	11.2539	11.5771
April	11.7079	11.1019	11.5005
May	11.2661	10.7541	11.0089
June	11.1692	10.6720	10.8600
July	11.1488	10.8216	10.9633
August	11.0042	10.2570	10.7096
September	10.6439	10.3004	10.4771
October	10.6030	10.1630	10.3780
November	10.8509	10.4965	10.7037
December	10.7267	7.6457	9.1157