2017 BIF to ARS Historical Review

YEARLY HIGH

0.0109 ARS

YEARLY LOW

0.0089 ARS

YEARLY AVERAGE

0.0096 ARS

2017 BIF to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the BIF to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 0.0109. Conversely, the yearly low was recorded on April 10, dropping to 0.0089.

This high-to-low spread represents a total annual volatility of 0.0020 ARS. From a start-to-finish perspective, comparing the January average rate of 0.0095 to the December average rate of 0.0101, the exchange rate registered a net change of 6.60% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2017 high of 0.0109 was up 8.38% compared to the 2016 peak of 0.0101, 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 55 ARS

2016 Average 46 ARS

Yearly Trough Low 44 ARS

Transaction Impact: A difference of 10.14 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

0.0102

0.0089

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 0.0092, compared to 0.0100 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0007 points.

H1 Avg (Jan–Jun) 0.0092

H2 Avg (Jul–Dec) 0.0100

Volatility Range Comparison

Volatility

The most volatile month in 2017 was December, with a trading range of 0.0012 ARS (High: 0.0109 / Low: 0.0097). On the other end, November was the most stable month, with a tight range of 0.0002 ARS (High: 0.0101 / Low: 0.0099).

December Spread (Volatile) ±0.0012

November Spread (Stable) ±0.0002

Growth Streaks & Declines

Trends

Between April and August, 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 January and February, 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 (December 2017: 0.0101) against the same month in 2016 (average: 0.0095), the exchange rate shifted by +0.0006 (+6.63%).

2017 Avg (December) 0.0101

2016 Avg (December) 0.0095

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0096	0.0093	0.0095
February	0.0093	0.0091	0.0092
March	0.0092	0.0090	0.0091
April	0.0092	0.0089	0.0090
May	0.0095	0.0090	0.0092
June	0.0096	0.0092	0.0093
July	0.0103	0.0095	0.0100
August	0.0102	0.0098	0.0100
September	0.0101	0.0097	0.0099
October	0.0101	0.0099	0.0100
November	0.0101	0.0099	0.0100
December	0.0109	0.0097	0.0101