2014 ARS to LRD Historical Review

YEARLY HIGH

12.6161 LRD

YEARLY LOW

10.0426 LRD

YEARLY AVERAGE

10.8954 LRD

2014 ARS to LRD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the ARS to LRD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 14, valuing the pair at 12.6161. Conversely, the yearly low was recorded on March 22, dropping to 10.0426.

This high-to-low spread represents a total annual volatility of 2.5735 LRD. From a start-to-finish perspective, comparing the January average rate of 12.0392 to the December average rate of 10.7084, the exchange rate registered a net change of -11.05% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 12.6161 was down 16.18% compared to the 2013 peak of 15.0522, 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 63,080 LRD

2013 Average 70,211 LRD

Yearly Trough Low 50,213 LRD

Transaction Impact: A difference of 12,867.44 LRD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

12.2030

10.2374

JanuMarcMayJulySeptNove

ARS to LRD 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 10.8929, compared to 10.8980 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0051 points.

H1 Avg (Jan–Jun) 10.8929

H2 Avg (Jul–Dec) 10.8980

Volatility Range Comparison

Volatility

The most volatile month in 2014 was January, with a trading range of 1.9496 LRD (High: 12.6161 / Low: 10.6665). On the other end, November was the most stable month, with a tight range of 0.0811 LRD (High: 10.7895 / Low: 10.7084).

January Spread (Volatile) ±1.9496

November Spread (Stable) ±0.0811

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 1.1600 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -1.1600

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2014: 12.0392) against the same month in 2013 (average: 14.9621), the exchange rate shifted by -2.9229 (-19.54%).

2014 Avg (January) 12.0392

2013 Avg (January) 14.9621

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	12.6161	10.6665	12.0392
February	11.0058	10.6621	10.8792
March	10.8474	10.0426	10.4012
April	10.7279	10.5579	10.6636
May	10.7984	10.0516	10.5462
June	11.1296	10.2440	10.8282
July	11.3709	11.1086	11.2405
August	11.2453	10.8748	11.0245
September	10.9085	10.7943	10.8714
October	10.8384	10.7340	10.7933
November	10.7895	10.7084	10.7498
December	10.7910	10.6946	10.7084