2015 BND to ARS Historical Review

YEARLY HIGH

9.3959 ARS

YEARLY LOW

6.3083 ARS

YEARLY AVERAGE

6.7323 ARS

2015 BND to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2015

During 2015, the BND to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 17, valuing the pair at 9.3959. Conversely, the yearly low was recorded on March 13, dropping to 6.3083.

This high-to-low spread represents a total annual volatility of 3.0876 ARS. From a start-to-finish perspective, comparing the January average rate of 6.4290 to the December average rate of 8.0554, the exchange rate registered a net change of 25.30% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2015 high of 9.3959 was up 39.54% compared to the 2014 peak of 6.7335, 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 46,979 ARS

2014 Average 32,013 ARS

Yearly Trough Low 31,541 ARS

Transaction Impact: A difference of 15,437.94 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2015.

8.2233

6.2084

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 6.5371, compared to 6.9276 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.3905 points.

H1 Avg (Jan–Jun) 6.5371

H2 Avg (Jul–Dec) 6.9276

Volatility Range Comparison

Volatility

The most volatile month in 2015 was December, with a trading range of 2.5302 ARS (High: 9.3959 / Low: 6.8657). On the other end, February was the most stable month, with a tight range of 0.0783 ARS (High: 6.4397 / Low: 6.3614).

December Spread (Volatile) ±2.5302

February Spread (Stable) ±0.0783

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 July and August, when the average rate fell by 0.1004 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.1004

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2015: 8.0554) against the same month in 2014 (average: 6.4908), the exchange rate shifted by +1.5646 (+24.10%).

2015 Avg (December) 8.0554

2014 Avg (December) 6.4908

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	6.4863	6.3735	6.4290
February	6.4397	6.3614	6.4039
March	6.4358	6.3083	6.3763
April	6.7414	6.4592	6.5661
May	6.7696	6.6551	6.7156
June	6.8229	6.6527	6.7315
July	6.7791	6.6782	6.7193
August	6.6920	6.5625	6.6188
September	6.7295	6.5363	6.6193
October	6.8735	6.5870	6.7594
November	6.8678	6.6771	6.7933
December	9.3959	6.8657	8.0554