2018 HNL to ARS Historical Review

YEARLY HIGH

1.7138 ARS

YEARLY LOW

0.7774 ARS

YEARLY AVERAGE

1.1708 ARS

2018 HNL to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the HNL to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on September 30, valuing the pair at 1.7138. Conversely, the yearly low was recorded on January 2, dropping to 0.7774.

This high-to-low spread represents a total annual volatility of 0.9364 ARS. From a start-to-finish perspective, comparing the January average rate of 0.8043 to the December average rate of 1.5582, the exchange rate registered a net change of 93.74% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2018 high of 1.7138 was up 111.28% compared to the 2017 peak of 0.8111, 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 8,569 ARS

2017 Average 3,528 ARS

Yearly Trough Low 3,887 ARS

Transaction Impact: A difference of 4,681.84 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

1.6835

0.7244

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 0.9096, compared to 1.4320 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.5224 points.

H1 Avg (Jan–Jun) 0.9096

H2 Avg (Jul–Dec) 1.4320

Volatility Range Comparison

Volatility

The most volatile month in 2018 was August, with a trading range of 0.4791 ARS (High: 1.6135 / Low: 1.1343). On the other end, March was the most stable month, with a tight range of 0.0108 ARS (High: 0.8620 / Low: 0.8513).

August Spread (Volatile) ±0.4791

March Spread (Stable) ±0.0108

Growth Streaks & Declines

Trends

Between April and September, 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 September and October, when the average rate fell by 0.0663 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0663

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2018: 1.6036) against the same month in 2017 (average: 0.7354), the exchange rate shifted by +0.8682 (+118.06%).

2018 Avg (September) 1.6036

2017 Avg (September) 0.7354

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.8328	0.7774	0.8043
February	0.8561	0.8195	0.8402
March	0.8620	0.8513	0.8556
April	0.8686	0.8492	0.8552
May	1.0527	0.8748	0.9904
June	1.2022	1.0402	1.1118
July	1.2058	1.1337	1.1516
August	1.6135	1.1343	1.2437
September	1.7138	1.5340	1.6036
October	1.6388	1.4886	1.5373
November	1.6050	1.4579	1.4975
December	1.6403	1.5301	1.5582