2023 ARS to HTG Historical Review

YEARLY HIGH

0.8375 HTG

YEARLY LOW

0.1630 HTG

YEARLY AVERAGE

0.5503 HTG

2023 ARS to HTG Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ARS to HTG exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.8375. Conversely, the yearly low was recorded on December 31, dropping to 0.1630.

This high-to-low spread represents a total annual volatility of 0.6745 HTG. From a start-to-finish perspective, comparing the January average rate of 0.8156 to the December average rate of 0.2421, the exchange rate registered a net change of -70.32% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.8375 was down 16.09% compared to the 2022 peak of 0.9980, 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 4,187 HTG

2022 Average 4,538 HTG

Yearly Trough Low 815 HTG

Transaction Impact: A difference of 3,372.65 HTG purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.8729

0.1847

JanuMarcMayJulySeptNove

ARS to HTG 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 0.7117, compared to 0.3889 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.3228 points.

H1 Avg (Jan–Jun) 0.7117

H2 Avg (Jul–Dec) 0.3889

Volatility Range Comparison

Volatility

The most volatile month in 2023 was December, with a trading range of 0.2041 HTG (High: 0.3671 / Low: 0.1630). On the other end, September was the most stable month, with a tight range of 0.0055 HTG (High: 0.3897 / Low: 0.3843).

December Spread (Volatile) ±0.2041

September Spread (Stable) ±0.0055

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.1331 points.

Longest Streak 0 Mo.

Sharpest MoM Drop -0.1331

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.8156) against the same month in 2022 (average: 0.9793), the exchange rate shifted by -0.1637 (-16.72%).

2023 Avg (January) 0.8156

2022 Avg (January) 0.9793

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.8375	0.7979	0.8156
February	0.8046	0.7607	0.7833
March	0.7689	0.7422	0.7584
April	0.7422	0.6862	0.7208
May	0.6913	0.5844	0.6307
June	0.5849	0.5400	0.5615
July	0.5400	0.4996	0.5186
August	0.4944	0.3870	0.4284
September	0.3897	0.3843	0.3866
October	0.3874	0.3791	0.3827
November	0.3796	0.3674	0.3752
December	0.3671	0.1630	0.2421