2015 HNL to ARS Historical Review

YEARLY HIGH

0.6090 ARS

YEARLY LOW

0.4037 ARS

YEARLY AVERAGE

0.4266 ARS

2015 HNL to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2015

During 2015, the HNL to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 17, valuing the pair at 0.6090. Conversely, the yearly low was recorded on January 2, dropping to 0.4037.

This high-to-low spread represents a total annual volatility of 0.2053 ARS. From a start-to-finish perspective, comparing the January average rate of 0.4082 to the December average rate of 0.5181, the exchange rate registered a net change of 26.93% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2015 high of 0.6090 was up 44.11% compared to the 2014 peak of 0.4226, 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 3,045 ARS

2014 Average 1,988 ARS

Yearly Trough Low 2,018 ARS

Transaction Impact: A difference of 1,026.51 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2015.

0.5291

0.3972

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 0.4105, compared to 0.4426 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0321 points.

H1 Avg (Jan–Jun) 0.4105

H2 Avg (Jul–Dec) 0.4426

Volatility Range Comparison

Volatility

The most volatile month in 2015 was December, with a trading range of 0.1672 ARS (High: 0.6090 / Low: 0.4418). On the other end, October was the most stable month, with a tight range of 0.0038 ARS (High: 0.4330 / Low: 0.4292).

December Spread (Volatile) ±0.1672

October Spread (Stable) ±0.0038

Growth Streaks & Declines

Trends

Between May and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0029 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.0029

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2015: 0.5181) against the same month in 2014 (average: 0.4051), the exchange rate shifted by +0.1130 (+27.88%).

2015 Avg (December) 0.5181

2014 Avg (December) 0.4051

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4099	0.4037	0.4082
February	0.4155	0.4072	0.4106
March	0.4172	0.4041	0.4103
April	0.4153	0.4053	0.4111
May	0.4113	0.4058	0.4082
June	0.4189	0.4114	0.4148
July	0.4208	0.4167	0.4188
August	0.4253	0.4188	0.4220
September	0.4309	0.4250	0.4283
October	0.4330	0.4292	0.4314
November	0.4418	0.4304	0.4373
December	0.6090	0.4418	0.5181