2014 ARS to ETB Historical Review

YEARLY HIGH

2.9313 ETB

YEARLY LOW

2.3418 ETB

YEARLY AVERAGE

2.4306 ETB

2014 ARS to ETB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the ARS to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 2.9313. Conversely, the yearly low was recorded on October 15, dropping to 2.3418.

This high-to-low spread represents a total annual volatility of 0.5895 ETB. From a start-to-finish perspective, comparing the January average rate of 2.7585 to the December average rate of 2.3613, the exchange rate registered a net change of -14.40% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 2.9313 was down 21.25% compared to the 2013 peak of 3.7223, 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 14,656 ETB

2013 Average 17,164 ETB

Yearly Trough Low 11,709 ETB

Transaction Impact: A difference of 2,947.38 ETB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

2.7984

2.3197

JanuMarcMayJulySeptNove

ARS to ETB 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 2.4852, compared to 2.3760 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1092 points.

H1 Avg (Jan–Jun) 2.4852

H2 Avg (Jul–Dec) 2.3760

Volatility Range Comparison

Volatility

The most volatile month in 2014 was January, with a trading range of 0.5373 ETB (High: 2.9313 / Low: 2.3940). On the other end, November was the most stable month, with a tight range of 0.0100 ETB (High: 2.3637 / Low: 2.3538).

January Spread (Volatile) ±0.5373

November Spread (Stable) ±0.0100

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2014. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.3098 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.3098

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2014: 2.7585) against the same month in 2013 (average: 3.6988), the exchange rate shifted by -0.9403 (-25.42%).

2014 Avg (January) 2.7585

2013 Avg (January) 3.6988

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.9313	2.3940	2.7585
February	2.4791	2.3952	2.4487
March	2.4605	2.3979	2.4349
April	2.4439	2.4218	2.4306
May	2.4432	2.4202	2.4283
June	2.4223	2.4047	2.4104
July	2.4241	2.4102	2.4194
August	2.4035	2.3633	2.3857
September	2.3881	2.3575	2.3689
October	2.3705	2.3418	2.3613
November	2.3637	2.3538	2.3595
December	2.3854	2.3534	2.3613