2014 ARS to SCR Historical Review

YEARLY HIGH

1.8521 SCR

YEARLY LOW

1.4879 SCR

YEARLY AVERAGE

1.5698 SCR

2014 ARS to SCR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the ARS to SCR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 1.8521. Conversely, the yearly low was recorded on August 7, dropping to 1.4879.

This high-to-low spread represents a total annual volatility of 0.3642 SCR. From a start-to-finish perspective, comparing the January average rate of 1.7372 to the December average rate of 1.6372, the exchange rate registered a net change of -5.76% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 1.8521 was down 30.69% compared to the 2013 peak of 2.6722, 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 9,260 SCR

2013 Average 11,100 SCR

Yearly Trough Low 7,440 SCR

Transaction Impact: A difference of 1,820.81 SCR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

1.7600

1.4863

JanuMarcMayJulySeptNove

ARS to SCR 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 1.5583, compared to 1.5814 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0231 points.

H1 Avg (Jan–Jun) 1.5583

H2 Avg (Jul–Dec) 1.5814

Volatility Range Comparison

Volatility

The most volatile month in 2014 was January, with a trading range of 0.3407 SCR (High: 1.8521 / Low: 1.5113). On the other end, July was the most stable month, with a tight range of 0.0166 SCR (High: 1.5194 / Low: 1.5028).

January Spread (Volatile) ±0.3407

July Spread (Stable) ±0.0166

Growth Streaks & Declines

Trends

Between July and November, 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 0.1933 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.1933

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2014: 1.7372) against the same month in 2013 (average: 2.6316), the exchange rate shifted by -0.8944 (-33.99%).

2014 Avg (January) 1.7372

2013 Avg (January) 2.6316

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.8521	1.5113	1.7372
February	1.5637	1.5119	1.5440
March	1.5511	1.4998	1.5317
April	1.5370	1.4901	1.5093
May	1.5546	1.4898	1.5180
June	1.5199	1.4907	1.5097
July	1.5194	1.5028	1.5091
August	1.5456	1.4879	1.5130
September	1.5603	1.5418	1.5541
October	1.6710	1.5506	1.6081
November	1.6782	1.6604	1.6668
December	1.6645	1.5638	1.6372