2014 ARS to SVC Historical Review

YEARLY HIGH

1.3433 SVC

YEARLY LOW

1.0199 SVC

YEARLY AVERAGE

1.0822 SVC

2014 ARS to SVC Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the ARS to SVC exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 1.3433. Conversely, the yearly low was recorded on December 11, dropping to 1.0199.

This high-to-low spread represents a total annual volatility of 0.3234 SVC. From a start-to-finish perspective, comparing the January average rate of 1.2597 to the December average rate of 1.0248, the exchange rate registered a net change of -18.65% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 1.3433 was down 24.54% compared to the 2013 peak of 1.7803, 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 6,717 SVC

2013 Average 8,030 SVC

Yearly Trough Low 5,100 SVC

Transaction Impact: A difference of 1,617.12 SVC purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

1.2832

1.0013

JanuMarcMayJulySeptNove

ARS to SVC 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 1.1225, compared to 1.0419 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0806 points.

H1 Avg (Jan–Jun) 1.1225

H2 Avg (Jul–Dec) 1.0419

Volatility Range Comparison

Volatility

The most volatile month in 2014 was January, with a trading range of 0.2499 SVC (High: 1.3433 / Low: 1.0934). On the other end, April was the most stable month, with a tight range of 0.0020 SVC (High: 1.0946 / Low: 1.0926).

January Spread (Volatile) ±0.2499

April Spread (Stable) ±0.0020

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2014. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.1468 points.

Longest Streak 0 Mo.

Sharpest MoM Drop -0.1468

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2014: 1.2597) against the same month in 2013 (average: 1.7674), the exchange rate shifted by -0.5077 (-28.73%).

2014 Avg (January) 1.2597

2013 Avg (January) 1.7674

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.3433	1.0934	1.2597
February	1.1260	1.0918	1.1129
March	1.1132	1.0927	1.1038
April	1.0946	1.0926	1.0936
May	1.0951	1.0830	1.0886
June	1.0830	1.0744	1.0765
July	1.0775	1.0665	1.0732
August	1.0632	1.0413	1.0531
September	1.0504	1.0359	1.0408
October	1.0379	1.0241	1.0323
November	1.0294	1.0248	1.0273
December	1.0347	1.0199	1.0248