2016 ARS to SZL Historical Review

YEARLY HIGH

1.2648 SZL

YEARLY LOW

0.8461 SZL

YEARLY AVERAGE

1.0001 SZL

2016 ARS to SZL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the ARS to SZL exchange rate experienced significant fluctuation. The market reached its absolute peak on January 17, valuing the pair at 1.2648. Conversely, the yearly low was recorded on December 7, dropping to 0.8461.

This high-to-low spread represents a total annual volatility of 0.4187 SZL. From a start-to-finish perspective, comparing the January average rate of 1.2005 to the December average rate of 0.8763, the exchange rate registered a net change of -27.00% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2016 high of 1.2648 was down 21.98% compared to the 2015 peak of 1.6212, 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 6,324 SZL

2015 Average 6,906 SZL

Yearly Trough Low 4,231 SZL

Transaction Impact: A difference of 2,093.47 SZL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

1.2329

0.8439

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 1.0781, compared to 0.9220 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1561 points.

H1 Avg (Jan–Jun) 1.0781

H2 Avg (Jul–Dec) 0.9220

Volatility Range Comparison

Volatility

The most volatile month in 2016 was February, with a trading range of 0.1486 SZL (High: 1.1467 / Low: 0.9981). On the other end, November was the most stable month, with a tight range of 0.0492 SZL (High: 0.9379 / Low: 0.8887).

February Spread (Volatile) ±0.1486

November Spread (Stable) ±0.0492

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2016. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.1306 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.1306

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2016: 1.2005) against the same month in 2015 (average: 1.3456), the exchange rate shifted by -0.1451 (-10.78%).

2016 Avg (January) 1.2005

2015 Avg (January) 1.3456

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.2648	1.1453	1.2005
February	1.1467	0.9981	1.0699
March	1.0833	0.9935	1.0314
April	1.0501	0.9949	1.0154
May	1.1320	0.9941	1.0840
June	1.1204	0.9851	1.0674
July	1.0015	0.9301	0.9668
August	0.9644	0.8978	0.9265
September	0.9790	0.8878	0.9329
October	0.9455	0.8946	0.9178
November	0.9379	0.8887	0.9119
December	0.9050	0.8461	0.8763