2015 ARS to SZL Historical Review

YEARLY HIGH

1.6212 SZL

YEARLY LOW

1.1371 SZL

YEARLY AVERAGE

1.3811 SZL

2015 ARS to SZL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2015

During 2015, the ARS to SZL exchange rate experienced significant fluctuation. The market reached its absolute peak on December 12, valuing the pair at 1.6212. Conversely, the yearly low was recorded on December 17, dropping to 1.1371.

This high-to-low spread represents a total annual volatility of 0.4841 SZL. From a start-to-finish perspective, comparing the January average rate of 1.3456 to the December average rate of 1.3537, the exchange rate registered a net change of 0.60% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2015 high of 1.6212 was down 0.45% compared to the 2014 peak of 1.6286, 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 8,106 SZL

2014 Average 6,704 SZL

Yearly Trough Low 5,686 SZL

Transaction Impact: A difference of 2,420.33 SZL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2015.

1.4874

1.3216

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 1.3512, compared to 1.4110 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0598 points.

H1 Avg (Jan–Jun) 1.3512

H2 Avg (Jul–Dec) 1.4110

Volatility Range Comparison

Volatility

The most volatile month in 2015 was December, with a trading range of 0.4841 SZL (High: 1.6212 / Low: 1.1371). On the other end, July was the most stable month, with a tight range of 0.0335 SZL (High: 1.3790 / Low: 1.3455).

December Spread (Volatile) ±0.4841

July Spread (Stable) ±0.0335

Growth Streaks & Declines

Trends

Between May and September, 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 November and December, when the average rate fell by 0.1199 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.1199

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2015: 1.3537) against the same month in 2014 (average: 1.3463), the exchange rate shifted by +0.0074 (+0.55%).

2015 Avg (December) 1.3537

2014 Avg (December) 1.3463

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.3697	1.3210	1.3456
February	1.3586	1.3082	1.3354
March	1.4220	1.3354	1.3761
April	1.3749	1.3281	1.3548
May	1.3532	1.3158	1.3365
June	1.3948	1.3348	1.3589
July	1.3790	1.3455	1.3617
August	1.4307	1.3681	1.3946
September	1.4966	1.4187	1.4574
October	1.4766	1.3774	1.4253
November	1.4975	1.4426	1.4736
December	1.6212	1.1371	1.3537