2014 BTN to ARS Historical Review

YEARLY HIGH

0.1394 ARS

YEARLY LOW

0.1052 ARS

YEARLY AVERAGE

0.1330 ARS

2014 BTN to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the BTN to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on September 8, valuing the pair at 0.1394. Conversely, the yearly low was recorded on January 2, dropping to 0.1052.

This high-to-low spread represents a total annual volatility of 0.0342 ARS. From a start-to-finish perspective, comparing the January average rate of 0.1125 to the December average rate of 0.1361, the exchange rate registered a net change of 20.99% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.1394 was up 32.36% compared to the 2013 peak of 0.1053, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 697 ARS

2013 Average 468 ARS

Yearly Trough Low 526 ARS

Transaction Impact: A difference of 170.80 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.1409

0.1099

JanuMarcMayJulySeptNove

BTN 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 0.1288, compared to 0.1372 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0083 points.

H1 Avg (Jan–Jun) 0.1288

H2 Avg (Jul–Dec) 0.1372

Volatility Range Comparison

Volatility

The most volatile month in 2014 was January, with a trading range of 0.0227 ARS (High: 0.1279 / Low: 0.1052). On the other end, July was the most stable month, with a tight range of 0.0014 ARS (High: 0.1363 / Low: 0.1349).

January Spread (Volatile) ±0.0227

July Spread (Stable) ±0.0014

Growth Streaks & Declines

Trends

Between January and June, 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 November and December, when the average rate fell by 0.0018 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0018

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2014: 0.1383) against the same month in 2013 (average: 0.0899), the exchange rate shifted by +0.0485 (+53.93%).

2014 Avg (September) 0.1383

2013 Avg (September) 0.0899

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1279	0.1052	0.1125
February	0.1280	0.1250	0.1263
March	0.1338	0.1272	0.1300
April	0.1338	0.1310	0.1326
May	0.1380	0.1326	0.1354
June	0.1376	0.1347	0.1361
July	0.1363	0.1349	0.1358
August	0.1389	0.1347	0.1366
September	0.1394	0.1369	0.1383
October	0.1390	0.1369	0.1381
November	0.1391	0.1374	0.1380
December	0.1383	0.1340	0.1361