2023 CDF to ARS Historical Review

YEARLY HIGH

0.2999 ARS

YEARLY LOW

0.0865 ARS

YEARLY AVERAGE

0.1235 ARS

2023 CDF to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CDF to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 26, valuing the pair at 0.2999. Conversely, the yearly low was recorded on January 1, dropping to 0.0865.

This high-to-low spread represents a total annual volatility of 0.2134 ARS. From a start-to-finish perspective, comparing the January average rate of 0.0889 to the December average rate of 0.2319, the exchange rate registered a net change of 160.97% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.2999 was up 243.72% compared to the 2022 peak of 0.0873, 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 1,500 ARS

2022 Average 323 ARS

Yearly Trough Low 433 ARS

Transaction Impact: A difference of 1,067.12 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.2462

0.0746

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 0.0990, compared to 0.1480 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0490 points.

H1 Avg (Jan–Jun) 0.0990

H2 Avg (Jul–Dec) 0.1480

Volatility Range Comparison

Volatility

The most volatile month in 2023 was December, with a trading range of 0.1675 ARS (High: 0.2999 / Low: 0.1324). On the other end, September was the most stable month, with a tight range of 0.0026 ARS (High: 0.1424 / Low: 0.1398).

December Spread (Volatile) ±0.1675

September Spread (Stable) ±0.0026

Growth Streaks & Declines

Trends

Between January and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0019 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0019

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 0.2319) against the same month in 2022 (average: 0.0842), the exchange rate shifted by +0.1477 (+175.29%).

2023 Avg (December) 0.2319

2022 Avg (December) 0.0842

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0909	0.0865	0.0889
February	0.0956	0.0909	0.0930
March	0.1019	0.0957	0.0979
April	0.1059	0.1013	0.1034
May	0.1128	0.1008	0.1057
June	0.1073	0.1032	0.1051
July	0.1111	0.1055	0.1076
August	0.1426	0.1113	0.1298
September	0.1424	0.1398	0.1409
October	0.1416	0.1348	0.1390
November	0.1446	0.1323	0.1390
December	0.2999	0.1324	0.2319