2020 CVE to ARS Historical Review

YEARLY HIGH

0.9343 ARS

YEARLY LOW

0.2455 ARS

YEARLY AVERAGE

0.7289 ARS

2020 CVE to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the CVE to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 0.9343. Conversely, the yearly low was recorded on March 18, dropping to 0.2455.

This high-to-low spread represents a total annual volatility of 0.6887 ARS. From a start-to-finish perspective, comparing the January average rate of 0.6013 to the December average rate of 0.9082, the exchange rate registered a net change of 51.05% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.9343 was up 52.96% compared to the 2019 peak of 0.6108, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 4,671 ARS

2019 Average 2,435 ARS

Yearly Trough Low 1,228 ARS

Transaction Impact: A difference of 3,443.75 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.9389

0.5706

JanuMarcMayJulySeptNove

CVE 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 0.6398, compared to 0.8180 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1782 points.

H1 Avg (Jan–Jun) 0.6398

H2 Avg (Jul–Dec) 0.8180

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.3977 ARS (High: 0.6433 / Low: 0.2455). On the other end, January was the most stable month, with a tight range of 0.0101 ARS (High: 0.6075 / Low: 0.5974).

March Spread (Volatile) ±0.3977

January Spread (Stable) ±0.0101

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 2020: 0.9082) against the same month in 2019 (average: 0.5996), the exchange rate shifted by +0.3086 (+51.46%).

2020 Avg (December) 0.9082

2019 Avg (December) 0.5996

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6075	0.5974	0.6013
February	0.6157	0.6002	0.6040
March	0.6433	0.2455	0.6171
April	0.6603	0.6332	0.6435
May	0.6871	0.6523	0.6663
June	0.7162	0.6895	0.7064
July	0.7712	0.7166	0.7368
August	0.8000	0.7688	0.7843
September	0.8054	0.7947	0.8007
October	0.8375	0.8062	0.8240
November	0.8814	0.8278	0.8539
December	0.9343	0.8857	0.9082