2021 CVE to ARS Historical Review

YEARLY HIGH

1.0532 ARS

YEARLY LOW

0.9311 ARS

YEARLY AVERAGE

1.0150 ARS

2021 CVE to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the CVE to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 1.0532. Conversely, the yearly low was recorded on January 3, dropping to 0.9311.

This high-to-low spread represents a total annual volatility of 0.1221 ARS. From a start-to-finish perspective, comparing the January average rate of 0.9442 to the December average rate of 1.0393, the exchange rate registered a net change of 10.06% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 1.0532 was up 12.73% compared to the 2020 peak of 0.9343, 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 5,266 ARS

2020 Average 3,647 ARS

Yearly Trough Low 4,656 ARS

Transaction Impact: A difference of 610.49 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

1.0563

0.9341

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 0.9928, compared to 1.0372 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0444 points.

H1 Avg (Jan–Jun) 0.9928

H2 Avg (Jul–Dec) 1.0372

Volatility Range Comparison

Volatility

The most volatile month in 2021 was April, with a trading range of 0.0514 ARS (High: 1.0228 / Low: 0.9714). On the other end, July was the most stable month, with a tight range of 0.0156 ARS (High: 1.0379 / Low: 1.0223).

April Spread (Volatile) ±0.0514

July Spread (Stable) ±0.0156

Growth Streaks & Declines

Trends

Between January and June, 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 June and July, when the average rate fell by 0.0082 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0082

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2021: 1.0393) against the same month in 2020 (average: 0.9082), the exchange rate shifted by +0.1311 (+14.43%).

2021 Avg (December) 1.0393

2020 Avg (December) 0.9082

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.9581	0.9311	0.9442
February	0.9836	0.9506	0.9687
March	0.9879	0.9694	0.9778
April	1.0228	0.9714	1.0003
May	1.0446	1.0150	1.0309
June	1.0472	0.9966	1.0350
July	1.0379	1.0223	1.0268
August	1.0476	1.0266	1.0360
September	1.0522	1.0345	1.0461
October	1.0530	1.0319	1.0397
November	1.0500	1.0173	1.0354
December	1.0532	1.0283	1.0393