2014 ETB to ARS Historical Review

YEARLY HIGH

0.4270 ARS

YEARLY LOW

0.3411 ARS

YEARLY AVERAGE

0.4123 ARS

2014 ETB to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the ETB to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on October 15, valuing the pair at 0.4270. Conversely, the yearly low was recorded on January 1, dropping to 0.3411.

This high-to-low spread represents a total annual volatility of 0.0859 ARS. From a start-to-finish perspective, comparing the January average rate of 0.3645 to the December average rate of 0.4235, the exchange rate registered a net change of 16.18% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.4270 was up 25.31% compared to the 2013 peak of 0.3408, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,135 ARS

2013 Average 1,462 ARS

Yearly Trough Low 1,706 ARS

Transaction Impact: A difference of 429.36 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.4297

0.3586

JanuMarcMayJulySeptNove

ETB 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 0.4036, compared to 0.4209 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0173 points.

H1 Avg (Jan–Jun) 0.4036

H2 Avg (Jul–Dec) 0.4209

Volatility Range Comparison

Volatility

The most volatile month in 2014 was January, with a trading range of 0.0766 ARS (High: 0.4177 / Low: 0.3411). On the other end, November was the most stable month, with a tight range of 0.0018 ARS (High: 0.4249 / Low: 0.4231).

January Spread (Volatile) ±0.0766

November Spread (Stable) ±0.0018

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 0.0016 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0016

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2014: 0.4235) against the same month in 2013 (average: 0.3084), the exchange rate shifted by +0.1150 (+37.30%).

2014 Avg (October) 0.4235

2013 Avg (October) 0.3084

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4177	0.3411	0.3645
February	0.4175	0.4034	0.4084
March	0.4170	0.4064	0.4107
April	0.4129	0.4092	0.4114
May	0.4132	0.4093	0.4118
June	0.4159	0.4128	0.4149
July	0.4149	0.4125	0.4133
August	0.4231	0.4161	0.4192
September	0.4242	0.4187	0.4221
October	0.4270	0.4219	0.4235
November	0.4249	0.4231	0.4238
December	0.4249	0.4192	0.4235