2015 ARS to HNL Historical Review

YEARLY HIGH

2.4774 HNL

YEARLY LOW

1.6422 HNL

YEARLY AVERAGE

2.3572 HNL

2015 ARS to HNL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2015

During 2015, the ARS to HNL exchange rate experienced significant fluctuation. The market reached its absolute peak on January 2, valuing the pair at 2.4774. Conversely, the yearly low was recorded on December 17, dropping to 1.6422.

This high-to-low spread represents a total annual volatility of 0.8352 HNL. From a start-to-finish perspective, comparing the January average rate of 2.4501 to the December average rate of 1.9723, the exchange rate registered a net change of -19.50% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2015 high of 2.4774 was down 20.35% compared to the 2014 peak of 3.1104, 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 12,387 HNL

2014 Average 12,611 HNL

Yearly Trough Low 8,211 HNL

Transaction Impact: A difference of 4,176.09 HNL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2015.

2.4979

1.9245

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 2.4361, compared to 2.2783 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1578 points.

H1 Avg (Jan–Jun) 2.4361

H2 Avg (Jul–Dec) 2.2783

Volatility Range Comparison

Volatility

The most volatile month in 2015 was December, with a trading range of 0.6213 HNL (High: 2.2634 / Low: 1.6422). On the other end, October was the most stable month, with a tight range of 0.0206 HNL (High: 2.3299 / Low: 2.3093).

December Spread (Volatile) ±0.6213

October Spread (Stable) ±0.0206

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2015. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.3148 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.3148

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2015: 2.4501) against the same month in 2014 (average: 2.8880), the exchange rate shifted by -0.4380 (-15.17%).

2015 Avg (January) 2.4501

2014 Avg (January) 2.8880

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.4774	2.4396	2.4501
February	2.4559	2.4068	2.4358
March	2.4746	2.3967	2.4372
April	2.4671	2.4078	2.4328
May	2.4642	2.4312	2.4498
June	2.4307	2.3874	2.4109
July	2.3999	2.3764	2.3879
August	2.3875	2.3510	2.3698
September	2.3531	2.3205	2.3348
October	2.3299	2.3093	2.3180
November	2.3234	2.2633	2.2871
December	2.2634	1.6422	1.9723