2014 BND to ARS Historical Review

YEARLY HIGH

6.7335 ARS

YEARLY LOW

5.1562 ARS

YEARLY AVERAGE

6.4024 ARS

2014 BND to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the BND to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on August 27, valuing the pair at 6.7335. Conversely, the yearly low was recorded on January 1, dropping to 5.1562.

This high-to-low spread represents a total annual volatility of 1.5773 ARS. From a start-to-finish perspective, comparing the January average rate of 5.4896 to the December average rate of 6.4908, the exchange rate registered a net change of 18.24% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 6.7335 was up 30.71% compared to the 2013 peak of 5.1514, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 33,668 ARS

2013 Average 21,886 ARS

Yearly Trough Low 25,781 ARS

Transaction Impact: A difference of 7,886.33 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

6.7766

5.3726

JanuMarcMayJulySeptNove

BND 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 6.2070, compared to 6.5978 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.3908 points.

H1 Avg (Jan–Jun) 6.2070

H2 Avg (Jul–Dec) 6.5978

Volatility Range Comparison

Volatility

The most volatile month in 2014 was January, with a trading range of 1.1178 ARS (High: 6.2740 / Low: 5.1562). On the other end, May was the most stable month, with a tight range of 0.0648 ARS (High: 6.4452 / Low: 6.3804).

January Spread (Volatile) ±1.1178

May Spread (Stable) ±0.0648

Growth Streaks & Declines

Trends

Between January and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0808 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -0.0808

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2014: 6.6569) against the same month in 2013 (average: 4.3863), the exchange rate shifted by +2.2706 (+51.77%).

2014 Avg (August) 6.6569

2013 Avg (August) 4.3863

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	6.2740	5.1562	5.4896
February	6.3026	6.1576	6.2050
March	6.3549	6.2058	6.2555
April	6.4166	6.3344	6.3764
May	6.4452	6.3804	6.4193
June	6.5212	6.4340	6.4961
July	6.5948	6.5187	6.5586
August	6.7335	6.5985	6.6569
September	6.7260	6.6212	6.6596
October	6.6861	6.6039	6.6490
November	6.6362	6.5328	6.5716
December	6.5539	6.4019	6.4908