2014 ARS to SZL Historical Review

YEARLY HIGH

1.6286 SZL

YEARLY LOW

1.2669 SZL

YEARLY AVERAGE

1.3410 SZL

2014 ARS to SZL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the ARS to SZL exchange rate experienced significant fluctuation. The market reached its absolute peak on January 4, valuing the pair at 1.6286. Conversely, the yearly low was recorded on August 29, dropping to 1.2669.

This high-to-low spread represents a total annual volatility of 0.3617 SZL. From a start-to-finish perspective, comparing the January average rate of 1.5606 to the December average rate of 1.3463, the exchange rate registered a net change of -13.73% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 1.6286 was down 15.38% compared to the 2013 peak of 1.9245, 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 8,143 SZL

2013 Average 8,826 SZL

Yearly Trough Low 6,334 SZL

Transaction Impact: A difference of 1,808.44 SZL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

1.5883

1.2556

JanuMarcMayJulySeptNove

ARS to SZL 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 1.3733, compared to 1.3087 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0647 points.

H1 Avg (Jan–Jun) 1.3733

H2 Avg (Jul–Dec) 1.3087

Volatility Range Comparison

Volatility

The most volatile month in 2014 was January, with a trading range of 0.2468 SZL (High: 1.6286 / Low: 1.3817). On the other end, June was the most stable month, with a tight range of 0.0257 SZL (High: 1.3272 / Low: 1.3016).

January Spread (Volatile) ±0.2468

June Spread (Stable) ±0.0257

Growth Streaks & Declines

Trends

Between August and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.1632 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.1632

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2014: 1.5606) against the same month in 2013 (average: 1.7731), the exchange rate shifted by -0.2125 (-11.99%).

2014 Avg (January) 1.5606

2013 Avg (January) 1.7731

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.6286	1.3817	1.5606
February	1.4220	1.3616	1.3974
March	1.3758	1.3197	1.3555
April	1.3323	1.3023	1.3185
May	1.3151	1.2802	1.2954
June	1.3272	1.3016	1.3126
July	1.3242	1.2875	1.3079
August	1.3001	1.2669	1.2834
September	1.3348	1.2686	1.3046
October	1.3397	1.2817	1.3076
November	1.3248	1.2856	1.3023
December	1.3668	1.2920	1.3463