2018 CDF to ARS Historical Review

YEARLY HIGH

0.0254 ARS

YEARLY LOW

0.0115 ARS

YEARLY AVERAGE

0.0173 ARS

2018 CDF to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the CDF to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on September 28, valuing the pair at 0.0254. Conversely, the yearly low was recorded on January 4, dropping to 0.0115.

This high-to-low spread represents a total annual volatility of 0.0138 ARS. From a start-to-finish perspective, comparing the January average rate of 0.0119 to the December average rate of 0.0233, the exchange rate registered a net change of 95.92% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2018 high of 0.0254 was up 82.72% compared to the 2017 peak of 0.0139, 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 127 ARS

2017 Average 57 ARS

Yearly Trough Low 58 ARS

Transaction Impact: A difference of 69.07 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

0.0248

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 0.0134, compared to 0.0212 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0078 points.

H1 Avg (Jan–Jun) 0.0134

H2 Avg (Jul–Dec) 0.0212

Volatility Range Comparison

Volatility

The most volatile month in 2018 was August, with a trading range of 0.0068 ARS (High: 0.0236 / Low: 0.0168). On the other end, March was the most stable month, with a tight range of 0.0002 ARS (High: 0.0126 / Low: 0.0124).

August Spread (Volatile) ±0.0068

March Spread (Stable) ±0.0002

Growth Streaks & Declines

Trends

Between January and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0008 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -0.0008

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2018: 0.0236) against the same month in 2017 (average: 0.0110), the exchange rate shifted by +0.0125 (+113.50%).

2018 Avg (September) 0.0236

2017 Avg (September) 0.0110

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0123	0.0115	0.0119
February	0.0125	0.0121	0.0123
March	0.0126	0.0124	0.0125
April	0.0127	0.0125	0.0125
May	0.0155	0.0128	0.0146
June	0.0179	0.0154	0.0165
July	0.0179	0.0165	0.0170
August	0.0236	0.0168	0.0184
September	0.0254	0.0224	0.0236
October	0.0242	0.0220	0.0227
November	0.0243	0.0216	0.0224
December	0.0235	0.0224	0.0233