2019 BND to ARS Historical Review

YEARLY HIGH

44.6000 ARS

YEARLY LOW

23.4203 ARS

YEARLY AVERAGE

35.1801 ARS

2019 BND to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the BND to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on August 14, valuing the pair at 44.6000. Conversely, the yearly low was recorded on January 12, dropping to 23.4203.

This high-to-low spread represents a total annual volatility of 21.1798 ARS. From a start-to-finish perspective, comparing the January average rate of 23.8364 to the December average rate of 44.0841, the exchange rate registered a net change of 84.94% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2019 high of 44.6000 was up 52.35% compared to the 2018 peak of 29.2756, 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 223,000 ARS

2018 Average 98,920 ARS

Yearly Trough Low 117,101 ARS

Transaction Impact: A difference of 105,898.93 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

46.1089

21.8116

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 29.9599, compared to 40.4002 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 10.4403 points.

H1 Avg (Jan–Jun) 29.9599

H2 Avg (Jul–Dec) 40.4002

Volatility Range Comparison

Volatility

The most volatile month in 2019 was August, with a trading range of 11.8036 ARS (High: 44.6000 / Low: 32.7965). On the other end, November was the most stable month, with a tight range of 0.2870 ARS (High: 43.9736 / Low: 43.6866).

August Spread (Volatile) ±11.8036

November Spread (Stable) ±0.2870

Growth Streaks & Declines

Trends

Between July and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.9372 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.9372

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2019: 38.5609) against the same month in 2018 (average: 19.8356), the exchange rate shifted by +18.7253 (+94.40%).

2019 Avg (August) 38.5609

2018 Avg (August) 19.8356

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	27.5320	23.4203	23.8364
February	29.3614	23.5745	27.9619
March	32.4758	29.4810	30.5592
April	33.9293	30.8079	31.8875
May	33.5171	32.7371	33.1808
June	33.2498	31.3766	32.3338
July	32.4796	30.7507	31.3965
August	44.6000	32.7965	38.5609
September	44.0518	40.9432	41.8530
October	43.9472	41.7811	42.6755
November	43.9736	43.6866	43.8310
December	44.4239	43.7266	44.0841