2016 AZN to ARS Historical Review

YEARLY HIGH

10.1011 ARS

YEARLY LOW

8.2908 ARS

YEARLY AVERAGE

9.2080 ARS

2016 AZN to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the AZN to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on March 1, valuing the pair at 10.1011. Conversely, the yearly low was recorded on January 2, dropping to 8.2908.

This high-to-low spread represents a total annual volatility of 1.8103 ARS. From a start-to-finish perspective, comparing the January average rate of 8.5613 to the December average rate of 8.9405, the exchange rate registered a net change of 4.43% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 10.1011 was down 20.55% compared to the 2015 peak of 12.7137, 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 50,505 ARS

2015 Average 45,723 ARS

Yearly Trough Low 41,454 ARS

Transaction Impact: A difference of 9,051.56 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

9.6032

8.4666

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 9.2262, compared to 9.1898 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0364 points.

H1 Avg (Jan–Jun) 9.2262

H2 Avg (Jul–Dec) 9.1898

Volatility Range Comparison

Volatility

The most volatile month in 2016 was February, with a trading range of 1.3112 ARS (High: 10.0797 / Low: 8.7684). On the other end, May was the most stable month, with a tight range of 0.1298 ARS (High: 9.4887 / Low: 9.3589).

February Spread (Volatile) ±1.3112

May Spread (Stable) ±0.1298

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 October and November, when the average rate fell by 0.3945 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.3945

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2016: 9.2353) against the same month in 2015 (average: 8.3765), the exchange rate shifted by +0.8589 (+10.25%).

2016 Avg (March) 9.2353

2015 Avg (March) 8.3765

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	8.8517	8.2908	8.5613
February	10.0797	8.7684	9.3581
March	10.1011	8.8764	9.2353
April	9.7220	9.2198	9.4899
May	9.4887	9.3589	9.4109
June	9.8727	9.0590	9.3017
July	9.6859	9.3449	9.5085
August	9.3640	9.0164	9.1348
September	9.4280	9.0394	9.1827
October	9.5057	9.1439	9.3834
November	9.1398	8.8494	8.9889
December	9.1446	8.6344	8.9405