2020 HNL to ARS Historical Review

YEARLY HIGH

3.4766 ARS

YEARLY LOW

2.3706 ARS

YEARLY AVERAGE

2.8542 ARS

2020 HNL to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the HNL to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 3.4766. Conversely, the yearly low was recorded on January 14, dropping to 2.3706.

This high-to-low spread represents a total annual volatility of 1.1060 ARS. From a start-to-finish perspective, comparing the January average rate of 2.4177 to the December average rate of 3.4058, the exchange rate registered a net change of 40.87% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 3.4766 was down 13.71% compared to the 2019 peak of 4.0289, 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 17,383 ARS

2019 Average 9,821 ARS

Yearly Trough Low 11,853 ARS

Transaction Impact: A difference of 5,530.05 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

3.5046

2.3189

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 2.5911, compared to 3.1172 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.5261 points.

H1 Avg (Jan–Jun) 2.5911

H2 Avg (Jul–Dec) 3.1172

Volatility Range Comparison

Volatility

The most volatile month in 2020 was November, with a trading range of 0.1612 ARS (High: 3.3513 / Low: 3.1901). On the other end, January was the most stable month, with a tight range of 0.0659 ARS (High: 2.4365 / Low: 2.3706).

November Spread (Volatile) ±0.1612

January Spread (Stable) ±0.0659

Growth Streaks & Declines

Trends

Between January and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 11 straight months. No significant month-over-month rate declines were detected.

Longest Streak 11 Mo.

Sharpest MoM Drop -0.0000

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2020: 3.4058) against the same month in 2019 (average: 2.4714), the exchange rate shifted by +0.9344 (+37.81%).

2020 Avg (December) 3.4058

2019 Avg (December) 2.4714

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.4365	2.3706	2.4177
February	2.5062	2.4282	2.4687
March	2.6211	2.4867	2.5369
April	2.6806	2.5861	2.6311
May	2.7464	2.6358	2.7048
June	2.8265	2.7509	2.7876
July	2.9015	2.8283	2.8674
August	3.0082	2.9009	2.9616
September	3.0925	3.0028	3.0412
October	3.1917	3.0919	3.1546
November	3.3513	3.1901	3.2729
December	3.4766	3.3515	3.4058