2019 BTN to ARS Historical Review

YEARLY HIGH

0.8490 ARS

YEARLY LOW

0.5180 ARS

YEARLY AVERAGE

0.6833 ARS

2019 BTN to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the BTN to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on August 14, valuing the pair at 0.8490. Conversely, the yearly low was recorded on February 4, dropping to 0.5180.

This high-to-low spread represents a total annual volatility of 0.3310 ARS. From a start-to-finish perspective, comparing the January average rate of 0.5291 to the December average rate of 0.8402, the exchange rate registered a net change of 58.81% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2019 high of 0.8490 was up 49.11% compared to the 2018 peak of 0.5694, 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 4,245 ARS

2018 Average 2,035 ARS

Yearly Trough Low 2,590 ARS

Transaction Impact: A difference of 1,655.05 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

0.8714

0.4980

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 0.5924, compared to 0.7742 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1818 points.

H1 Avg (Jan–Jun) 0.5924

H2 Avg (Jul–Dec) 0.7742

Volatility Range Comparison

Volatility

The most volatile month in 2019 was August, with a trading range of 0.2116 ARS (High: 0.8490 / Low: 0.6375). On the other end, December was the most stable month, with a tight range of 0.0115 ARS (High: 0.8447 / Low: 0.8332).

August Spread (Volatile) ±0.2116

December Spread (Stable) ±0.0115

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 May and June, when the average rate fell by 0.0136 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0136

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2019: 0.7344) against the same month in 2018 (average: 0.4291), the exchange rate shifted by +0.3053 (+71.16%).

2019 Avg (August) 0.7344

2018 Avg (August) 0.4291

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5409	0.5214	0.5291
February	0.5584	0.5180	0.5392
March	0.6368	0.5622	0.5942
April	0.6541	0.5977	0.6199
May	0.6523	0.6356	0.6427
June	0.6482	0.6102	0.6291
July	0.6370	0.6062	0.6172
August	0.8490	0.6375	0.7344
September	0.8334	0.7719	0.7946
October	0.8447	0.8084	0.8232
November	0.8439	0.8278	0.8353
December	0.8447	0.8332	0.8402