2015 BWP to ARS Historical Review

YEARLY HIGH

1.2044 ARS

YEARLY LOW

0.8619 ARS

YEARLY AVERAGE

0.9130 ARS

2015 BWP to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2015

During 2015, the BWP to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 17, valuing the pair at 1.2044. Conversely, the yearly low was recorded on December 13, dropping to 0.8619.

This high-to-low spread represents a total annual volatility of 0.3426 ARS. From a start-to-finish perspective, comparing the January average rate of 0.8968 to the December average rate of 1.0267, the exchange rate registered a net change of 14.48% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2015 high of 1.2044 was up 27.32% compared to the 2014 peak of 0.9460, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 6,022 ARS

2014 Average 4,518 ARS

Yearly Trough Low 4,309 ARS

Transaction Impact: A difference of 1,712.84 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2015.

1.0408

0.8714

JanuMarcMayJulySeptNove

BWP 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 0.9011, compared to 0.9248 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0237 points.

H1 Avg (Jan–Jun) 0.9011

H2 Avg (Jul–Dec) 0.9248

Volatility Range Comparison

Volatility

The most volatile month in 2015 was December, with a trading range of 0.3426 ARS (High: 1.2044 / Low: 0.8619). On the other end, July was the most stable month, with a tight range of 0.0115 ARS (High: 0.9178 / Low: 0.9062).

December Spread (Volatile) ±0.3426

July Spread (Stable) ±0.0115

Growth Streaks & Declines

Trends

Between March and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0177 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0177

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2015: 1.0267) against the same month in 2014 (average: 0.9036), the exchange rate shifted by +0.1231 (+13.62%).

2015 Avg (December) 1.0267

2014 Avg (December) 0.9036

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.9029	0.8884	0.8968
February	0.9123	0.8932	0.9032
March	0.9058	0.8659	0.8855
April	0.9146	0.8846	0.8956
May	0.9248	0.9052	0.9141
June	0.9266	0.8962	0.9115
July	0.9178	0.9062	0.9122
August	0.9132	0.8996	0.9078
September	0.9147	0.8803	0.8963
October	0.9298	0.8934	0.9110
November	0.9054	0.8841	0.8948
December	1.2044	0.8619	1.0267