2015 ARS to VUV Historical Review

YEARLY HIGH

12.3300 VUV

YEARLY LOW

8.3908 VUV

YEARLY AVERAGE

11.7396 VUV

2015 ARS to VUV Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2015

During 2015, the ARS to VUV exchange rate experienced significant fluctuation. The market reached its absolute peak on February 1, valuing the pair at 12.3300. Conversely, the yearly low was recorded on December 17, dropping to 8.3908.

This high-to-low spread represents a total annual volatility of 3.9392 VUV. From a start-to-finish perspective, comparing the January average rate of 12.0580 to the December average rate of 10.0720, the exchange rate registered a net change of -16.47% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2015 high of 12.3300 was down 17.18% compared to the 2014 peak of 14.8886, 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 61,650 VUV

2014 Average 59,568 VUV

Yearly Trough Low 41,954 VUV

Transaction Impact: A difference of 19,696.06 VUV purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2015.

12.4200

9.8586

JanuMarcMayJulySeptNove

ARS to VUV 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 11.9557, compared to 11.5234 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.4324 points.

H1 Avg (Jan–Jun) 11.9557

H2 Avg (Jul–Dec) 11.5234

Volatility Range Comparison

Volatility

The most volatile month in 2015 was December, with a trading range of 3.1807 VUV (High: 11.5715 / Low: 8.3908). On the other end, August was the most stable month, with a tight range of 0.0841 VUV (High: 11.8547 / Low: 11.7706).

December Spread (Volatile) ±3.1807

August Spread (Stable) ±0.0841

Growth Streaks & Declines

Trends

Between June and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 1.6277 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -1.6277

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2015: 12.2065) against the same month in 2014 (average: 12.2941), the exchange rate shifted by -0.0876 (-0.71%).

2015 Avg (February) 12.2065

2014 Avg (February) 12.2941

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	12.3201	11.9319	12.0580
February	12.3300	12.1683	12.2065
March	12.1897	11.9668	12.1197
April	12.1151	11.8114	11.9165
May	11.8732	11.5976	11.7360
June	11.8393	11.5991	11.6977
July	11.9118	11.6078	11.8174
August	11.8547	11.7706	11.8201
September	12.1280	11.6401	11.9046
October	12.0078	11.6872	11.8262
November	11.8298	11.6016	11.6998
December	11.5715	8.3908	10.0720