2015 BTN to ARS Historical Review

YEARLY HIGH

0.2000 ARS

YEARLY LOW

0.1346 ARS

YEARLY AVERAGE

0.1443 ARS

2015 BTN to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2015

During 2015, the BTN to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 17, valuing the pair at 0.2000. Conversely, the yearly low was recorded on January 6, dropping to 0.1346.

This high-to-low spread represents a total annual volatility of 0.0655 ARS. From a start-to-finish perspective, comparing the January average rate of 0.1382 to the December average rate of 0.1704, the exchange rate registered a net change of 23.32% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2015 high of 0.2000 was up 43.50% compared to the 2014 peak of 0.1394, 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 1,000 ARS

2014 Average 665 ARS

Yearly Trough Low 673 ARS

Transaction Impact: A difference of 327.33 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2015.

0.1736

0.1350

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 0.1404, compared to 0.1481 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0077 points.

H1 Avg (Jan–Jun) 0.1404

H2 Avg (Jul–Dec) 0.1481

Volatility Range Comparison

Volatility

The most volatile month in 2015 was December, with a trading range of 0.0547 ARS (High: 0.2000 / Low: 0.1454). On the other end, July was the most stable month, with a tight range of 0.0018 ARS (High: 0.1447 / Low: 0.1429).

December Spread (Volatile) ±0.0547

July Spread (Stable) ±0.0018

Growth Streaks & Declines

Trends

Between January and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.0016 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0016

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2015: 0.1704) against the same month in 2014 (average: 0.1361), the exchange rate shifted by +0.0343 (+25.17%).

2015 Avg (December) 0.1704

2014 Avg (December) 0.1361

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1406	0.1346	0.1382
February	0.1411	0.1392	0.1399
March	0.1414	0.1395	0.1406
April	0.1426	0.1399	0.1413
May	0.1422	0.1394	0.1406
June	0.1440	0.1409	0.1419
July	0.1447	0.1429	0.1437
August	0.1447	0.1395	0.1422
September	0.1432	0.1395	0.1414
October	0.1473	0.1437	0.1457
November	0.1466	0.1437	0.1454
December	0.2000	0.1454	0.1704