2015 ARS to SCR Historical Review

YEARLY HIGH

1.6515 SCR

YEARLY LOW

0.9650 SCR

YEARLY AVERAGE

1.4494 SCR

2015 ARS to SCR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2015

During 2015, the ARS to SCR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 11, valuing the pair at 1.6515. Conversely, the yearly low was recorded on December 20, dropping to 0.9650.

This high-to-low spread represents a total annual volatility of 0.6864 SCR. From a start-to-finish perspective, comparing the January average rate of 1.6193 to the December average rate of 1.1497, the exchange rate registered a net change of -29.00% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2015 high of 1.6515 was down 10.83% compared to the 2014 peak of 1.8521, 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 8,257 SCR

2014 Average 7,851 SCR

Yearly Trough Low 4,825 SCR

Transaction Impact: A difference of 3,432.23 SCR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2015.

1.6662

1.1027

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 1.5482, compared to 1.3507 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1976 points.

H1 Avg (Jan–Jun) 1.5482

H2 Avg (Jul–Dec) 1.3507

Volatility Range Comparison

Volatility

The most volatile month in 2015 was December, with a trading range of 0.3958 SCR (High: 1.3609 / Low: 0.9650). On the other end, April was the most stable month, with a tight range of 0.0428 SCR (High: 1.5545 / Low: 1.5118).

December Spread (Volatile) ±0.3958

April Spread (Stable) ±0.0428

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2015. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.1868 points.

Longest Streak 0 Mo.

Sharpest MoM Drop -0.1868

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2015: 1.6193) against the same month in 2014 (average: 1.7372), the exchange rate shifted by -0.1180 (-6.79%).

2015 Avg (January) 1.6193

2014 Avg (January) 1.7372

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.6515	1.5376	1.6193
February	1.6372	1.5864	1.6152
March	1.6097	1.5246	1.5617
April	1.5545	1.5118	1.5322
May	1.5308	1.4712	1.4990
June	1.4874	1.4256	1.4621
July	1.4752	1.3984	1.4347
August	1.4455	1.3754	1.4153
September	1.4414	1.3527	1.3928
October	1.4260	1.3373	1.3749
November	1.3933	1.2948	1.3365
December	1.3609	0.9650	1.1497