2015 BIF to ARS Historical Review

YEARLY HIGH

0.0085 ARS

YEARLY LOW

0.0054 ARS

YEARLY AVERAGE

0.0059 ARS

2015 BIF to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2015

During 2015, the BIF to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 17, valuing the pair at 0.0085. Conversely, the yearly low was recorded on January 5, dropping to 0.0054.

This high-to-low spread represents a total annual volatility of 0.0031 ARS. From a start-to-finish perspective, comparing the January average rate of 0.0055 to the December average rate of 0.0073, the exchange rate registered a net change of 32.89% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2015 high of 0.0085 was up 54.19% compared to the 2014 peak of 0.0055, 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 43 ARS

2014 Average 26 ARS

Yearly Trough Low 27 ARS

Transaction Impact: A difference of 15.39 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2015.

0.0075

0.0053

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 0.0056, compared to 0.0062 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0006 points.

H1 Avg (Jan–Jun) 0.0056

H2 Avg (Jul–Dec) 0.0062

Volatility Range Comparison

Volatility

The most volatile month in 2015 was December, with a trading range of 0.0023 ARS (High: 0.0085 / Low: 0.0062). On the other end, February was the most stable month, with a tight range of 0.0001 ARS (High: 0.0056 / Low: 0.0055).

December Spread (Volatile) ±0.0023

February Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

Between January and June, 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 0.0001 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0001

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2015: 0.0073) against the same month in 2014 (average: 0.0055), the exchange rate shifted by +0.0018 (+33.52%).

2015 Avg (December) 0.0073

2014 Avg (December) 0.0055

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0055	0.0054	0.0055
February	0.0056	0.0055	0.0055
March	0.0057	0.0056	0.0056
April	0.0057	0.0056	0.0057
May	0.0058	0.0057	0.0057
June	0.0059	0.0057	0.0058
July	0.0059	0.0056	0.0057
August	0.0060	0.0059	0.0059
September	0.0061	0.0060	0.0060
October	0.0061	0.0060	0.0061
November	0.0062	0.0061	0.0062
December	0.0085	0.0062	0.0073