2018 BND to ARS Historical Review

YEARLY HIGH

29.2756 ARS

YEARLY LOW

13.8396 ARS

YEARLY AVERAGE

19.7618 ARS

2018 BND to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the BND to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on September 30, valuing the pair at 29.2756. Conversely, the yearly low was recorded on January 2, dropping to 13.8396.

This high-to-low spread represents a total annual volatility of 15.4360 ARS. From a start-to-finish perspective, comparing the January average rate of 14.3811 to the December average rate of 24.0974, the exchange rate registered a net change of 67.56% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2018 high of 29.2756 was up 103.86% compared to the 2017 peak of 14.3603, 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 146,378 ARS

2017 Average 60,054 ARS

Yearly Trough Low 69,198 ARS

Transaction Impact: A difference of 77,180.01 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

27.4761

13.1907

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 16.0328, compared to 23.4908 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 7.4580 points.

H1 Avg (Jan–Jun) 16.0328

H2 Avg (Jul–Dec) 23.4908

Volatility Range Comparison

Volatility

The most volatile month in 2018 was August, with a trading range of 7.5987 ARS (High: 25.6404 / Low: 18.0417). On the other end, April was the most stable month, with a tight range of 0.2777 ARS (High: 15.5072 / Low: 15.2294).

August Spread (Volatile) ±7.5987

April Spread (Stable) ±0.2777

Growth Streaks & Declines

Trends

Between January and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 9 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 1.2044 points.

Longest Streak 9 Mo.

Sharpest MoM Drop -1.2044

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2018: 26.1290) against the same month in 2017 (average: 12.7714), the exchange rate shifted by +13.3577 (+104.59%).

2018 Avg (September) 26.1290

2017 Avg (September) 12.7714

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	15.0144	13.8396	14.3811
February	15.3041	14.7554	15.0231
March	15.4947	15.1809	15.3684
April	15.5072	15.2294	15.3740
May	18.7722	14.9783	17.4400
June	21.4223	17.0389	18.6104
July	21.4683	18.0344	19.5160
August	25.6404	18.0417	19.8356
September	29.2756	24.3834	26.1290
October	27.9871	25.3475	26.2857
November	27.3201	23.1183	25.0813
December	27.4519	23.1831	24.0974