2019 HNL to ARS Historical Review

YEARLY HIGH

4.0289 ARS

YEARLY LOW

1.5118 ARS

YEARLY AVERAGE

1.9621 ARS

2019 HNL to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the HNL to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 9, valuing the pair at 4.0289. Conversely, the yearly low was recorded on January 12, dropping to 1.5118.

This high-to-low spread represents a total annual volatility of 2.5171 ARS. From a start-to-finish perspective, comparing the January average rate of 1.5293 to the December average rate of 2.4714, the exchange rate registered a net change of 61.60% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2019 high of 4.0289 was up 135.09% compared to the 2018 peak of 1.7138, 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 20,145 ARS

2018 Average 5,862 ARS

Yearly Trough Low 7,559 ARS

Transaction Impact: A difference of 12,585.52 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

2.5656

1.4351

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 1.6908, compared to 2.2333 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.5425 points.

H1 Avg (Jan–Jun) 1.6908

H2 Avg (Jul–Dec) 2.2333

Volatility Range Comparison

Volatility

The most volatile month in 2019 was December, with a trading range of 1.6194 ARS (High: 4.0289 / Low: 2.4095). On the other end, November was the most stable month, with a tight range of 0.0303 ARS (High: 2.4385 / Low: 2.4082).

December Spread (Volatile) ±1.6194

November Spread (Stable) ±0.0303

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 0.0715 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0715

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2019: 2.4714) against the same month in 2018 (average: 1.5582), the exchange rate shifted by +0.9132 (+58.60%).

2019 Avg (December) 2.4714

2018 Avg (December) 1.5582

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.5491	1.5118	1.5293
February	1.6185	1.5183	1.5654
March	1.7885	1.6221	1.6836
April	1.8659	1.6966	1.7567
May	1.9073	1.8079	1.8408
June	1.8211	1.7165	1.7692
July	1.7899	1.6817	1.7224
August	2.4594	1.7962	2.1214
September	2.4165	2.2521	2.2995
October	2.4265	2.3361	2.3677
November	2.4385	2.4082	2.4173
December	4.0289	2.4095	2.4714