2016 HNL to ARS Historical Review

YEARLY HIGH

0.6984 ARS

YEARLY LOW

0.5810 ARS

YEARLY AVERAGE

0.6482 ARS

2016 HNL to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the HNL to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on February 29, valuing the pair at 0.6984. Conversely, the yearly low was recorded on January 1, dropping to 0.5810.

This high-to-low spread represents a total annual volatility of 0.1174 ARS. From a start-to-finish perspective, comparing the January average rate of 0.6046 to the December average rate of 0.6791, the exchange rate registered a net change of 12.33% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 0.6984 was up 14.69% compared to the 2015 peak of 0.6090, 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 3,492 ARS

2015 Average 2,134 ARS

Yearly Trough Low 2,905 ARS

Transaction Impact: A difference of 587.02 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

0.6866

0.5971

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 0.6342, compared to 0.6621 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0279 points.

H1 Avg (Jan–Jun) 0.6342

H2 Avg (Jul–Dec) 0.6621

Volatility Range Comparison

Volatility

The most volatile month in 2016 was February, with a trading range of 0.0726 ARS (High: 0.6984 / Low: 0.6258). On the other end, October was the most stable month, with a tight range of 0.0102 ARS (High: 0.6691 / Low: 0.6589).

February Spread (Volatile) ±0.0726

October Spread (Stable) ±0.0102

Growth Streaks & Declines

Trends

Between August and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0217 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0217

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2016: 0.6553) against the same month in 2015 (average: 0.4106), the exchange rate shifted by +0.2447 (+59.60%).

2016 Avg (February) 0.6553

2015 Avg (February) 0.4106

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6196	0.5810	0.6046
February	0.6984	0.6258	0.6553
March	0.6957	0.6391	0.6594
April	0.6544	0.6220	0.6377
May	0.6328	0.6153	0.6252
June	0.6705	0.6058	0.6232
July	0.6614	0.6398	0.6540
August	0.6574	0.6413	0.6492
September	0.6728	0.6527	0.6607
October	0.6691	0.6589	0.6642
November	0.6794	0.6504	0.6657
December	0.6914	0.6618	0.6791