2014 ARS to HNL Historical Review

YEARLY HIGH

3.1104 HNL

YEARLY LOW

2.3664 HNL

YEARLY AVERAGE

2.5217 HNL

2014 ARS to HNL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the ARS to HNL exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 3.1104. Conversely, the yearly low was recorded on May 29, dropping to 2.3664.

This high-to-low spread represents a total annual volatility of 0.7440 HNL. From a start-to-finish perspective, comparing the January average rate of 2.8880 to the December average rate of 2.4685, the exchange rate registered a net change of -14.53% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 3.1104 was down 23.19% compared to the 2013 peak of 4.0496, 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 15,552 HNL

2013 Average 18,421 HNL

Yearly Trough Low 11,832 HNL

Transaction Impact: A difference of 3,719.91 HNL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

2.9379

2.3399

JanuMarcMayJulySeptNove

ARS to HNL 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 2.5311, compared to 2.5123 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0188 points.

H1 Avg (Jan–Jun) 2.5311

H2 Avg (Jul–Dec) 2.5123

Volatility Range Comparison

Volatility

The most volatile month in 2014 was January, with a trading range of 0.6252 HNL (High: 3.1104 / Low: 2.4852). On the other end, April was the most stable month, with a tight range of 0.0158 HNL (High: 2.4035 / Low: 2.3877).

January Spread (Volatile) ±0.6252

April Spread (Stable) ±0.0158

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 January and February, when the average rate fell by 0.3757 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.3757

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2014: 2.8880) against the same month in 2013 (average: 4.0229), the exchange rate shifted by -1.1348 (-28.21%).

2014 Avg (January) 2.8880

2013 Avg (January) 4.0229

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	3.1104	2.4852	2.8880
February	2.5394	2.4811	2.5123
March	2.4791	2.4001	2.4399
April	2.4035	2.3877	2.3933
May	2.5620	2.3664	2.3897
June	2.5772	2.5488	2.5634
July	2.5805	2.5499	2.5702
August	2.5433	2.5046	2.5274
September	2.5222	2.4942	2.5077
October	2.5132	2.4893	2.5052
November	2.5049	2.4846	2.4951
December	2.4857	2.4577	2.4685