2015 CDF to ARS Historical Review

YEARLY HIGH

0.0143 ARS

YEARLY LOW

0.0092 ARS

YEARLY AVERAGE

0.0100 ARS

2015 CDF to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2015

During 2015, the CDF to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 17, valuing the pair at 0.0143. Conversely, the yearly low was recorded on January 2, dropping to 0.0092.

This high-to-low spread represents a total annual volatility of 0.0051 ARS. From a start-to-finish perspective, comparing the January average rate of 0.0093 to the December average rate of 0.0122, the exchange rate registered a net change of 31.77% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2015 high of 0.0143 was up 54.93% compared to the 2014 peak of 0.0093, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 72 ARS

2014 Average 44 ARS

Yearly Trough Low 46 ARS

Transaction Impact: A difference of 25.69 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2015.

0.0125

0.0090

JanuMarcMayJulySeptNove

CDF 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 0.0095, compared to 0.0105 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0009 points.

H1 Avg (Jan–Jun) 0.0095

H2 Avg (Jul–Dec) 0.0105

Volatility Range Comparison

Volatility

The most volatile month in 2015 was December, with a trading range of 0.0039 ARS (High: 0.0143 / Low: 0.0104). On the other end, May was the most stable month, with a tight range of 0.0001 ARS (High: 0.0097 / Low: 0.0096).

December Spread (Volatile) ±0.0039

May Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

Between January and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 11 straight months. No significant month-over-month rate declines were detected.

Longest Streak 11 Mo.

Sharpest MoM Drop -0.0000

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2015: 0.0122) against the same month in 2014 (average: 0.0092), the exchange rate shifted by +0.0030 (+32.57%).

2015 Avg (December) 0.0122

2014 Avg (December) 0.0092

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0094	0.0092	0.0093
February	0.0095	0.0093	0.0094
March	0.0096	0.0094	0.0095
April	0.0096	0.0094	0.0096
May	0.0097	0.0096	0.0097
June	0.0099	0.0097	0.0098
July	0.0100	0.0098	0.0099
August	0.0101	0.0099	0.0100
September	0.0102	0.0100	0.0101
October	0.0103	0.0101	0.0102
November	0.0105	0.0102	0.0104
December	0.0143	0.0104	0.0122