2015 GNF to ARS Historical Review

YEARLY HIGH

0.0017 ARS

YEARLY LOW

0.0012 ARS

YEARLY AVERAGE

0.0013 ARS

2015 GNF to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2015

During 2015, the GNF to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 17, valuing the pair at 0.0017. Conversely, the yearly low was recorded on February 17, dropping to 0.0012.

This high-to-low spread represents a total annual volatility of 0.0005 ARS. From a start-to-finish perspective, comparing the January average rate of 0.0012 to the December average rate of 0.0015, the exchange rate registered a net change of 20.60% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2015 high of 0.0017 was up 40.28% compared to the 2014 peak of 0.0012, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 9 ARS

2014 Average 6 ARS

Yearly Trough Low 6 ARS

Transaction Impact: A difference of 2.61 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2015.

0.0015

0.0012

JanuMarcMayJulySeptNove

GNF 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 0.0012, compared to 0.0013 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0001 points.

H1 Avg (Jan–Jun) 0.0012

H2 Avg (Jul–Dec) 0.0013

Volatility Range Comparison

Volatility

The most volatile month in 2015 was December, with a trading range of 0.0005 ARS (High: 0.0017 / Low: 0.0013). On the other end, January was the most stable month, with a tight range of 0.0000 ARS (High: 0.0012 / Low: 0.0012).

December Spread (Volatile) ±0.0005

January Spread (Stable) ±0.0000

Growth Streaks & Declines

Trends

Between February and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.0001 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -0.0001

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2015: 0.0015) against the same month in 2014 (average: 0.0012), the exchange rate shifted by +0.0003 (+21.17%).

2015 Avg (December) 0.0015

2014 Avg (December) 0.0012

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0012	0.0012	0.0012
February	0.0012	0.0012	0.0012
March	0.0012	0.0012	0.0012
April	0.0012	0.0012	0.0012
May	0.0012	0.0012	0.0012
June	0.0013	0.0012	0.0012
July	0.0013	0.0012	0.0012
August	0.0013	0.0012	0.0013
September	0.0013	0.0013	0.0013
October	0.0014	0.0013	0.0013
November	0.0013	0.0012	0.0012
December	0.0017	0.0013	0.0015