2016 BIF to ARS Historical Review

YEARLY HIGH

0.0101 ARS

YEARLY LOW

0.0083 ARS

YEARLY AVERAGE

0.0091 ARS

2016 BIF to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the BIF to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on February 29, valuing the pair at 0.0101. Conversely, the yearly low was recorded on January 2, dropping to 0.0083.

This high-to-low spread represents a total annual volatility of 0.0018 ARS. From a start-to-finish perspective, comparing the January average rate of 0.0087 to the December average rate of 0.0095, the exchange rate registered a net change of 8.87% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 0.0101 was up 18.32% compared to the 2015 peak of 0.0085, 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 50 ARS

2015 Average 30 ARS

Yearly Trough Low 42 ARS

Transaction Impact: A difference of 8.87 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

0.0096

0.0086

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 0.0091, compared to 0.0091 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0000 points.

H1 Avg (Jan–Jun) 0.0091

H2 Avg (Jul–Dec) 0.0091

Volatility Range Comparison

Volatility

The most volatile month in 2016 was February, with a trading range of 0.0011 ARS (High: 0.0101 / Low: 0.0090). On the other end, October was the most stable month, with a tight range of 0.0002 ARS (High: 0.0092 / Low: 0.0091).

February Spread (Volatile) ±0.0011

October Spread (Stable) ±0.0002

Growth Streaks & Declines

Trends

Between August and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0003 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0003

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2016: 0.0095) against the same month in 2015 (average: 0.0055), the exchange rate shifted by +0.0039 (+71.34%).

2016 Avg (February) 0.0095

2015 Avg (February) 0.0055

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0089	0.0083	0.0087
February	0.0101	0.0090	0.0095
March	0.0100	0.0092	0.0095
April	0.0096	0.0090	0.0093
May	0.0092	0.0089	0.0091
June	0.0091	0.0083	0.0088
July	0.0091	0.0088	0.0090
August	0.0090	0.0088	0.0089
September	0.0092	0.0090	0.0091
October	0.0092	0.0091	0.0091
November	0.0094	0.0090	0.0092
December	0.0096	0.0092	0.0095