2014 AZN to ARS Historical Review

YEARLY HIGH

10.9120 ARS

YEARLY LOW

8.3109 ARS

YEARLY AVERAGE

10.3462 ARS

2014 AZN to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the AZN to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 13, valuing the pair at 10.9120. Conversely, the yearly low was recorded on January 1, dropping to 8.3109.

This high-to-low spread represents a total annual volatility of 2.6011 ARS. From a start-to-finish perspective, comparing the January average rate of 8.9100 to the December average rate of 10.8967, the exchange rate registered a net change of 22.30% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 10.9120 was up 31.24% compared to the 2013 peak of 8.3143, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 AZN based on timing:

Yearly Peak High 54,560 ARS

2013 Average 34,909 ARS

Yearly Trough Low 41,555 ARS

Transaction Impact: A difference of 13,005.66 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

11.0954

8.7113

JanuMarcMayJulySeptNove

AZN to ARS 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 9.9762, compared to 10.7162 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.7400 points.

H1 Avg (Jan–Jun) 9.9762

H2 Avg (Jul–Dec) 10.7162

Volatility Range Comparison

Volatility

The most volatile month in 2014 was January, with a trading range of 1.9129 ARS (High: 10.2238 / Low: 8.3109). On the other end, April was the most stable month, with a tight range of 0.0194 ARS (High: 10.2208 / Low: 10.2014).

January Spread (Volatile) ±1.9129

April Spread (Stable) ±0.0194

Growth Streaks & Declines

Trends

Between January and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 11 straight months. No significant month-over-month rate declines were detected.

Longest Streak 11 Mo.

Sharpest MoM Drop -0.0000

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 10.8967) against the same month in 2013 (average: 8.0771), the exchange rate shifted by +2.8196 (+34.91%).

2014 Avg (December) 10.8967

2013 Avg (December) 8.0771

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	10.2238	8.3109	8.9100
February	10.2280	9.9064	10.0228
March	10.2072	10.0306	10.1067
April	10.2208	10.2014	10.2064
May	10.3011	10.2017	10.2485
June	10.3808	10.3039	10.3630
July	10.4652	10.3543	10.3980
August	10.7327	10.4933	10.6015
September	10.8079	10.6961	10.7348
October	10.8721	10.7692	10.8121
November	10.8950	10.8131	10.8543
December	10.9120	10.8229	10.8967