2014 BIF to ARS Historical Review

YEARLY HIGH

0.0055 ARS

YEARLY LOW

0.0042 ARS

YEARLY AVERAGE

0.0052 ARS

2014 BIF to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the BIF to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on October 5, valuing the pair at 0.0055. Conversely, the yearly low was recorded on January 1, dropping to 0.0042.

This high-to-low spread represents a total annual volatility of 0.0013 ARS. From a start-to-finish perspective, comparing the January average rate of 0.0045 to the December average rate of 0.0055, the exchange rate registered a net change of 21.03% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.0055 was up 31.08% compared to the 2013 peak of 0.0042, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 28 ARS

2013 Average 18 ARS

Yearly Trough Low 21 ARS

Transaction Impact: A difference of 6.54 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.0056

0.0044

JanuMarcMayJulySeptNove

BIF 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 0.0050, compared to 0.0054 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0004 points.

H1 Avg (Jan–Jun) 0.0050

H2 Avg (Jul–Dec) 0.0054

Volatility Range Comparison

Volatility

The most volatile month in 2014 was January, with a trading range of 0.0010 ARS (High: 0.0052 / Low: 0.0042). On the other end, April was the most stable month, with a tight range of 0.0000 ARS (High: 0.0052 / Low: 0.0051).

January Spread (Volatile) ±0.0010

April Spread (Stable) ±0.0000

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 (October 2014: 0.0054) against the same month in 2013 (average: 0.0038), the exchange rate shifted by +0.0016 (+43.51%).

2014 Avg (October) 0.0054

2013 Avg (October) 0.0038

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0052	0.0042	0.0045
February	0.0052	0.0050	0.0051
March	0.0052	0.0051	0.0051
April	0.0052	0.0051	0.0052
May	0.0052	0.0051	0.0052
June	0.0053	0.0052	0.0053
July	0.0053	0.0052	0.0053
August	0.0055	0.0053	0.0054
September	0.0055	0.0054	0.0054
October	0.0055	0.0054	0.0054
November	0.0055	0.0054	0.0054
December	0.0055	0.0054	0.0055