2014 ARS to MDL Historical Review

YEARLY HIGH

1.9996 MDL

YEARLY LOW

1.6501 MDL

YEARLY AVERAGE

1.7294 MDL

2014 ARS to MDL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the ARS to MDL exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 1.9996. Conversely, the yearly low was recorded on August 27, dropping to 1.6501.

This high-to-low spread represents a total annual volatility of 0.3495 MDL. From a start-to-finish perspective, comparing the January average rate of 1.8958 to the December average rate of 1.8056, the exchange rate registered a net change of -4.76% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 1.9996 was down 18.99% compared to the 2013 peak of 2.4682, 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 9,998 MDL

2013 Average 11,491 MDL

Yearly Trough Low 8,250 MDL

Transaction Impact: A difference of 1,747.73 MDL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

1.9191

1.6404

JanuMarcMayJulySeptNove

ARS to MDL 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 1.7310, compared to 1.7279 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0031 points.

H1 Avg (Jan–Jun) 1.7310

H2 Avg (Jul–Dec) 1.7279

Volatility Range Comparison

Volatility

The most volatile month in 2014 was January, with a trading range of 0.3337 MDL (High: 1.9996 / Low: 1.6659). On the other end, April was the most stable month, with a tight range of 0.0241 MDL (High: 1.6896 / Low: 1.6656).

January Spread (Volatile) ±0.3337

April Spread (Stable) ±0.0241

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 0.1780 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.1780

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2014: 1.8958) against the same month in 2013 (average: 2.4519), the exchange rate shifted by -0.5560 (-22.68%).

2014 Avg (January) 1.8958

2013 Avg (January) 2.4519

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.9996	1.6659	1.8958
February	1.7380	1.6796	1.7178
March	1.7326	1.6652	1.6958
April	1.6896	1.6656	1.6739
May	1.7123	1.6759	1.6895
June	1.7249	1.6972	1.7129
July	1.7233	1.6896	1.7127
August	1.6881	1.6501	1.6636
September	1.7210	1.6703	1.6999
October	1.7446	1.7142	1.7290
November	1.7745	1.7250	1.7565
December	1.8414	1.7584	1.8056