2020 CDF to ARS Historical Review

YEARLY HIGH

0.0549 ARS

YEARLY LOW

0.0354 ARS

YEARLY AVERAGE

0.0381 ARS

2020 CDF to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the CDF to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 6, valuing the pair at 0.0549. Conversely, the yearly low was recorded on January 12, dropping to 0.0354.

This high-to-low spread represents a total annual volatility of 0.0195 ARS. From a start-to-finish perspective, comparing the January average rate of 0.0355 to the December average rate of 0.0423, the exchange rate registered a net change of 19.17% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.0549 was up 50.83% compared to the 2019 peak of 0.0364, 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 275 ARS

2019 Average 146 ARS

Yearly Trough Low 177 ARS

Transaction Impact: A difference of 97.70 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.0430

0.0348

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 0.0370, compared to 0.0392 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0022 points.

H1 Avg (Jan–Jun) 0.0370

H2 Avg (Jul–Dec) 0.0392

Volatility Range Comparison

Volatility

The most volatile month in 2020 was December, with a trading range of 0.0136 ARS (High: 0.0549 / Low: 0.0414). On the other end, January was the most stable month, with a tight range of 0.0004 ARS (High: 0.0358 / Low: 0.0354).

December Spread (Volatile) ±0.0136

January Spread (Stable) ±0.0004

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 0.0007 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0007

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2020: 0.0423) against the same month in 2019 (average: 0.0356), the exchange rate shifted by +0.0067 (+18.82%).

2020 Avg (December) 0.0423

2019 Avg (December) 0.0356

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0358	0.0354	0.0355
February	0.0366	0.0357	0.0362
March	0.0378	0.0364	0.0370
April	0.0386	0.0377	0.0381
May	0.0386	0.0373	0.0378
June	0.0378	0.0365	0.0371
July	0.0371	0.0362	0.0367
August	0.0378	0.0366	0.0373
September	0.0389	0.0379	0.0383
October	0.0427	0.0389	0.0398
November	0.0413	0.0399	0.0406
December	0.0549	0.0414	0.0423