2019 ARS to CVE Historical Review

YEARLY HIGH

2.6174 CVE

YEARLY LOW

1.6372 CVE

YEARLY AVERAGE

2.1102 CVE

2019 ARS to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the ARS to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on January 26, valuing the pair at 2.6174. Conversely, the yearly low was recorded on August 14, dropping to 1.6372.

This high-to-low spread represents a total annual volatility of 0.9802 CVE. From a start-to-finish perspective, comparing the January average rate of 2.5913 to the December average rate of 1.6677, the exchange rate registered a net change of -35.64% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2019 high of 2.6174 was down 47.61% compared to the 2018 peak of 4.9963, 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 13,087 CVE

2018 Average 17,768 CVE

Yearly Trough Low 8,186 CVE

Transaction Impact: A difference of 4,901.22 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

2.6836

1.5754

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 2.3737, compared to 1.8468 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.5269 points.

H1 Avg (Jan–Jun) 2.3737

H2 Avg (Jul–Dec) 1.8468

Volatility Range Comparison

Volatility

The most volatile month in 2019 was August, with a trading range of 0.6046 CVE (High: 2.2418 / Low: 1.6372). On the other end, November was the most stable month, with a tight range of 0.0200 CVE (High: 1.6860 / Low: 1.6661).

August Spread (Volatile) ±0.6046

November Spread (Stable) ±0.0200

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 0.3935 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.3935

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2019: 2.5913) against the same month in 2018 (average: 4.7811), the exchange rate shifted by -2.1898 (-45.80%).

2019 Avg (January) 2.5913

2018 Avg (January) 4.7811

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.6174	2.5564	2.5913
February	2.6055	2.4618	2.5407
March	2.4531	2.2366	2.3716
April	2.3601	2.1668	2.2875
May	2.2312	2.1788	2.2057
June	2.2956	2.1779	2.2455
July	2.3568	2.2627	2.3208
August	2.2418	1.6372	1.9273
September	1.8107	1.6915	1.7731
October	1.7566	1.6632	1.7129
November	1.6860	1.6661	1.6788
December	1.6935	1.6485	1.6677