2019 BAM to ARS Historical Review

YEARLY HIGH

34.4386 ARS

YEARLY LOW

21.5119 ARS

YEARLY AVERAGE

27.5110 ARS

2019 BAM to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the BAM to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on August 14, valuing the pair at 34.4386. Conversely, the yearly low was recorded on January 25, dropping to 21.5119.

This high-to-low spread represents a total annual volatility of 12.9267 ARS. From a start-to-finish perspective, comparing the January average rate of 21.8240 to the December average rate of 33.9696, the exchange rate registered a net change of 55.65% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2019 high of 34.4386 was up 38.93% compared to the 2018 peak of 24.7877, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 172,193 ARS

2018 Average 84,330 ARS

Yearly Trough Low 107,559 ARS

Transaction Impact: A difference of 64,633.72 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

35.1842

20.6095

JanuMarcMayJulySeptNove

BAM 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 23.9251, compared to 31.0968 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 7.1717 points.

H1 Avg (Jan–Jun) 23.9251

H2 Avg (Jul–Dec) 31.0968

Volatility Range Comparison

Volatility

The most volatile month in 2019 was August, with a trading range of 9.3631 ARS (High: 34.4386 / Low: 25.0754). On the other end, November was the most stable month, with a tight range of 0.5599 ARS (High: 34.0574 / Low: 33.4975).

August Spread (Volatile) ±9.3631

November Spread (Stable) ±0.5599

Growth Streaks & Declines

Trends

Between July and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.8872 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.8872

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2019: 29.6382) against the same month in 2018 (average: 17.6397), the exchange rate shifted by +11.9985 (+68.02%).

2019 Avg (August) 29.6382

2018 Avg (August) 17.6397

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	22.1012	21.5119	21.8240
February	22.9762	21.6995	22.2533
March	25.3006	23.0743	23.8666
April	26.0897	23.9244	24.7503
May	25.9358	25.3359	25.6413
June	25.9441	24.6519	25.2152
July	24.9994	23.9041	24.3280
August	34.4386	25.0754	29.6382
September	33.5922	31.1683	31.8784
October	34.0456	32.0972	33.0351
November	34.0574	33.4975	33.7315
December	34.3592	33.6071	33.9696