2017 CDF to ARS Historical Review

YEARLY HIGH

0.0139 ARS

YEARLY LOW

0.0107 ARS

YEARLY AVERAGE

0.0114 ARS

2017 CDF to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the CDF to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 0.0139. Conversely, the yearly low was recorded on August 15, dropping to 0.0107.

This high-to-low spread represents a total annual volatility of 0.0032 ARS. From a start-to-finish perspective, comparing the January average rate of 0.0131 to the December average rate of 0.0112, the exchange rate registered a net change of -14.21% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2017 high of 0.0139 was down 18.66% compared to the 2016 peak of 0.0171, 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 69 ARS

2016 Average 76 ARS

Yearly Trough Low 53 ARS

Transaction Impact: A difference of 16.04 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

0.0133

0.0107

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 0.0117, compared to 0.0111 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0006 points.

H1 Avg (Jan–Jun) 0.0117

H2 Avg (Jul–Dec) 0.0111

Volatility Range Comparison

Volatility

The most volatile month in 2017 was December, with a trading range of 0.0015 ARS (High: 0.0123 / Low: 0.0108). On the other end, June was the most stable month, with a tight range of 0.0003 ARS (High: 0.0112 / Low: 0.0109).

December Spread (Volatile) ±0.0015

June Spread (Stable) ±0.0003

Growth Streaks & Declines

Trends

Between August and October, 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 January and February, when the average rate fell by 0.0009 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0009

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2017: 0.0131) against the same month in 2016 (average: 0.0146), the exchange rate shifted by -0.0015 (-10.49%).

2017 Avg (January) 0.0131

2016 Avg (January) 0.0146

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0139	0.0125	0.0131
February	0.0127	0.0118	0.0122
March	0.0118	0.0114	0.0117
April	0.0114	0.0109	0.0111
May	0.0114	0.0108	0.0111
June	0.0112	0.0109	0.0111
July	0.0113	0.0109	0.0110
August	0.0113	0.0107	0.0109
September	0.0113	0.0109	0.0110
October	0.0113	0.0110	0.0111
November	0.0113	0.0110	0.0111
December	0.0123	0.0108	0.0112