2014 ARS to PEN Historical Review

YEARLY HIGH

0.4294 PEN

YEARLY LOW

0.3361 PEN

YEARLY AVERAGE

0.3509 PEN

2014 ARS to PEN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the ARS to PEN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.4294. Conversely, the yearly low was recorded on August 24, dropping to 0.3361.

This high-to-low spread represents a total annual volatility of 0.0933 PEN. From a start-to-finish perspective, comparing the January average rate of 0.4043 to the December average rate of 0.3467, the exchange rate registered a net change of -14.25% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.4294 was down 18.00% compared to the 2013 peak of 0.5237, 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 2,147 PEN

2013 Average 2,476 PEN

Yearly Trough Low 1,681 PEN

Transaction Impact: A difference of 466.33 PEN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.4109

0.3320

JanuMarcMayJulySeptNove

ARS to PEN 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 0.3594, compared to 0.3423 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0171 points.

H1 Avg (Jan–Jun) 0.3594

H2 Avg (Jul–Dec) 0.3423

Volatility Range Comparison

Volatility

The most volatile month in 2014 was January, with a trading range of 0.0775 PEN (High: 0.4294 / Low: 0.3519). On the other end, June was the most stable month, with a tight range of 0.0028 PEN (High: 0.3450 / Low: 0.3422).

January Spread (Volatile) ±0.0775

June Spread (Stable) ±0.0028

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 0.0463 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0463

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2014: 0.4043) against the same month in 2013 (average: 0.5156), the exchange rate shifted by -0.1113 (-21.58%).

2014 Avg (January) 0.4043

2013 Avg (January) 0.5156

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4294	0.3519	0.4043
February	0.3618	0.3523	0.3581
March	0.3565	0.3512	0.3542
April	0.3515	0.3462	0.3489
May	0.3509	0.3423	0.3472
June	0.3450	0.3422	0.3438
July	0.3441	0.3405	0.3417
August	0.3402	0.3361	0.3386
September	0.3425	0.3389	0.3405
October	0.3439	0.3408	0.3428
November	0.3451	0.3413	0.3436
December	0.3519	0.3428	0.3467