2013 HNL to ARS Historical Review

YEARLY HIGH

0.3213 ARS

YEARLY LOW

0.2469 ARS

YEARLY AVERAGE

0.2724 ARS

2013 HNL to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2013

During 2013, the HNL to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 0.3213. Conversely, the yearly low was recorded on January 2, dropping to 0.2469.

This high-to-low spread represents a total annual volatility of 0.0743 ARS. From a start-to-finish perspective, comparing the January average rate of 0.2486 to the December average rate of 0.3103, the exchange rate registered a net change of 24.82% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2013 high of 0.3213 was up 30.01% compared to the 2012 peak of 0.2471, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,606 ARS

2012 Average 1,177 ARS

Yearly Trough Low 1,235 ARS

Transaction Impact: A difference of 371.60 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2013.

0.3164

0.2424

JanuMarcMayJulySeptNove

HNL 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 0.2593, compared to 0.2855 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0262 points.

H1 Avg (Jan–Jun) 0.2593

H2 Avg (Jul–Dec) 0.2855

Volatility Range Comparison

Volatility

The most volatile month in 2013 was December, with a trading range of 0.0224 ARS (High: 0.3213 / Low: 0.2989). On the other end, January was the most stable month, with a tight range of 0.0031 ARS (High: 0.2500 / Low: 0.2469).

December Spread (Volatile) ±0.0224

January Spread (Stable) ±0.0031

Growth Streaks & Declines

Trends

Between June and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0076 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0076

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2013: 0.3103) against the same month in 2012 (average: 0.2459), the exchange rate shifted by +0.0644 (+26.19%).

2013 Avg (December) 0.3103

2012 Avg (December) 0.2459

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2500	0.2469	0.2486
February	0.2535	0.2492	0.2512
March	0.2612	0.2540	0.2574
April	0.2691	0.2609	0.2650
May	0.2774	0.2604	0.2705
June	0.2652	0.2608	0.2629
July	0.2705	0.2649	0.2680
August	0.2780	0.2697	0.2736
September	0.2840	0.2779	0.2812
October	0.2888	0.2831	0.2859
November	0.2992	0.2898	0.2939
December	0.3213	0.2989	0.3103