2017 HNL to ARS Historical Review

YEARLY HIGH

0.8111 ARS

YEARLY LOW

0.6459 ARS

YEARLY AVERAGE

0.7052 ARS

2017 HNL to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the HNL to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 0.8111. Conversely, the yearly low was recorded on April 13, dropping to 0.6459.

This high-to-low spread represents a total annual volatility of 0.1653 ARS. From a start-to-finish perspective, comparing the January average rate of 0.6806 to the December average rate of 0.7501, the exchange rate registered a net change of 10.22% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2017 high of 0.8111 was up 16.14% compared to the 2016 peak of 0.6984, 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 4,056 ARS

2016 Average 3,241 ARS

Yearly Trough Low 3,229 ARS

Transaction Impact: A difference of 826.31 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

0.7597

0.6447

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 0.6689, compared to 0.7415 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0725 points.

H1 Avg (Jan–Jun) 0.6689

H2 Avg (Jul–Dec) 0.7415

Volatility Range Comparison

Volatility

The most volatile month in 2017 was December, with a trading range of 0.0838 ARS (High: 0.8111 / Low: 0.7274). On the other end, October was the most stable month, with a tight range of 0.0146 ARS (High: 0.7509 / Low: 0.7364).

December Spread (Volatile) ±0.0838

October Spread (Stable) ±0.0146

Growth Streaks & Declines

Trends

Between April and August, 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 January and February, when the average rate fell by 0.0193 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0193

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2017: 0.7501) against the same month in 2016 (average: 0.6791), the exchange rate shifted by +0.0710 (+10.45%).

2017 Avg (December) 0.7501

2016 Avg (December) 0.6791

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6983	0.6699	0.6806
February	0.6691	0.6545	0.6613
March	0.6701	0.6528	0.6606
April	0.6630	0.6459	0.6543
May	0.6908	0.6490	0.6697
June	0.7133	0.6766	0.6872
July	0.7624	0.7064	0.7336
August	0.7626	0.7288	0.7463
September	0.7511	0.7249	0.7354
October	0.7509	0.7364	0.7428
November	0.7480	0.7296	0.7405
December	0.8111	0.7274	0.7501