2014 HNL to ARS Historical Review

YEARLY HIGH

0.4226 ARS

YEARLY LOW

0.3215 ARS

YEARLY AVERAGE

0.3976 ARS

2014 HNL to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the HNL to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on May 29, valuing the pair at 0.4226. Conversely, the yearly low was recorded on January 1, dropping to 0.3215.

This high-to-low spread represents a total annual volatility of 0.1011 ARS. From a start-to-finish perspective, comparing the January average rate of 0.3485 to the December average rate of 0.4051, the exchange rate registered a net change of 16.25% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.4226 was up 31.54% compared to the 2013 peak of 0.3213, 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 2,113 ARS

2013 Average 1,363 ARS

Yearly Trough Low 1,607 ARS

Transaction Impact: A difference of 505.38 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.4256

0.3415

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 0.3972, compared to 0.3981 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0009 points.

H1 Avg (Jan–Jun) 0.3972

H2 Avg (Jul–Dec) 0.3981

Volatility Range Comparison

Volatility

The most volatile month in 2014 was January, with a trading range of 0.0809 ARS (High: 0.4024 / Low: 0.3215). On the other end, April was the most stable month, with a tight range of 0.0027 ARS (High: 0.4188 / Low: 0.4161).

January Spread (Volatile) ±0.0809

April Spread (Stable) ±0.0027

Growth Streaks & Declines

Trends

Between July and December, 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 May and June, when the average rate fell by 0.0285 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0285

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2014: 0.4186) against the same month in 2013 (average: 0.2705), the exchange rate shifted by +0.1481 (+54.75%).

2014 Avg (May) 0.4186

2013 Avg (May) 0.2705

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4024	0.3215	0.3485
February	0.4030	0.3938	0.3981
March	0.4167	0.4034	0.4099
April	0.4188	0.4161	0.4178
May	0.4226	0.3903	0.4186
June	0.3923	0.3880	0.3901
July	0.3922	0.3875	0.3891
August	0.3993	0.3932	0.3957
September	0.4009	0.3965	0.3988
October	0.4017	0.3979	0.3992
November	0.4025	0.3992	0.4008
December	0.4069	0.4023	0.4051