2014 ARS to LTL Historical Review

YEARLY HIGH

0.3874 LTL

YEARLY LOW

0.3100 LTL

YEARLY AVERAGE

0.3214 LTL

2014 ARS to LTL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the ARS to LTL exchange rate experienced significant fluctuation. The market reached its absolute peak on January 4, valuing the pair at 0.3874. Conversely, the yearly low was recorded on May 6, dropping to 0.3100.

This high-to-low spread represents a total annual volatility of 0.0774 LTL. From a start-to-finish perspective, comparing the January average rate of 0.3649 to the December average rate of 0.3283, the exchange rate registered a net change of -10.03% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.3874 was down 27.68% compared to the 2013 peak of 0.5357, 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 1,937 LTL

2013 Average 2,390 LTL

Yearly Trough Low 1,550 LTL

Transaction Impact: A difference of 387.07 LTL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.3702

0.3066

JanuMarcMayJulySeptNove

ARS to LTL 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 0.3232, compared to 0.3196 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0036 points.

H1 Avg (Jan–Jun) 0.3232

H2 Avg (Jul–Dec) 0.3196

Volatility Range Comparison

Volatility

The most volatile month in 2014 was January, with a trading range of 0.0714 LTL (High: 0.3874 / Low: 0.3160). On the other end, August was the most stable month, with a tight range of 0.0027 LTL (High: 0.3131 / Low: 0.3104).

January Spread (Volatile) ±0.0714

August Spread (Stable) ±0.0027

Growth Streaks & Declines

Trends

Between August and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0432 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0432

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2014: 0.3649) against the same month in 2013 (average: 0.5251), the exchange rate shifted by -0.1603 (-30.52%).

2014 Avg (January) 0.3649

2013 Avg (January) 0.5251

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3874	0.3160	0.3649
February	0.3249	0.3179	0.3217
March	0.3188	0.3124	0.3151
April	0.3149	0.3107	0.3124
May	0.3144	0.3100	0.3128
June	0.3141	0.3103	0.3124
July	0.3146	0.3104	0.3127
August	0.3131	0.3104	0.3119
September	0.3235	0.3123	0.3183
October	0.3256	0.3185	0.3215
November	0.3268	0.3228	0.3252
December	0.3360	0.3230	0.3283