2020 BND to ARS Historical Review

YEARLY HIGH

63.6352 ARS

YEARLY LOW

43.6186 ARS

YEARLY AVERAGE

51.2295 ARS

2020 BND to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the BND to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 63.6352. Conversely, the yearly low was recorded on March 19, dropping to 43.6186.

This high-to-low spread represents a total annual volatility of 20.0166 ARS. From a start-to-finish perspective, comparing the January average rate of 44.3585 to the December average rate of 61.9707, the exchange rate registered a net change of 39.70% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 63.6352 was up 42.68% compared to the 2019 peak of 44.6000, 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 318,176 ARS

2019 Average 176,071 ARS

Yearly Trough Low 218,093 ARS

Transaction Impact: A difference of 100,082.85 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

63.7572

42.3192

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 46.1013, compared to 56.3576 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 10.2564 points.

H1 Avg (Jan–Jun) 46.1013

H2 Avg (Jul–Dec) 56.3576

Volatility Range Comparison

Volatility

The most volatile month in 2020 was November, with a trading range of 3.3458 ARS (High: 60.8014 / Low: 57.4555). On the other end, January was the most stable month, with a tight range of 0.4262 ARS (High: 44.5656 / Low: 44.1394).

November Spread (Volatile) ±3.3458

January Spread (Stable) ±0.4262

Growth Streaks & Declines

Trends

Between February and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 10 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.2528 points.

Longest Streak 10 Mo.

Sharpest MoM Drop -0.2528

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2020: 61.9707) against the same month in 2019 (average: 44.0841), the exchange rate shifted by +17.8865 (+40.57%).

2020 Avg (December) 61.9707

2019 Avg (December) 44.0841

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	44.5656	44.1394	44.3585
February	44.5242	43.6402	44.1057
March	45.3667	43.6186	44.5749
April	47.4086	44.8817	46.0217
May	48.4874	46.7656	47.6603
June	50.4911	48.6531	49.8867
July	52.7446	50.4971	51.3837
August	54.5349	52.6393	53.4631
September	55.6156	54.4389	55.0280
October	57.6492	55.9335	57.0300
November	60.8014	57.4555	59.2705
December	63.6352	60.7009	61.9707