2020 HTG to ARS Historical Review

YEARLY HIGH

1.2574 ARS

YEARLY LOW

0.6048 ARS

YEARLY AVERAGE

0.7926 ARS

2020 HTG to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the HTG to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on November 9, valuing the pair at 1.2574. Conversely, the yearly low was recorded on January 23, dropping to 0.6048.

This high-to-low spread represents a total annual volatility of 0.6525 ARS. From a start-to-finish perspective, comparing the January average rate of 0.6101 to the December average rate of 1.1814, the exchange rate registered a net change of 93.63% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 1.2574 was up 98.15% compared to the 2019 peak of 0.6346, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 HTG based on timing:

Yearly Peak High 6,287 ARS

2019 Average 2,654 ARS

Yearly Trough Low 3,024 ARS

Transaction Impact: A difference of 3,262.75 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

1.3077

0.5467

JanuMarcMayJulySeptNove

HTG 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 0.6444, compared to 0.9408 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2964 points.

H1 Avg (Jan–Jun) 0.6444

H2 Avg (Jul–Dec) 0.9408

Volatility Range Comparison

Volatility

The most volatile month in 2020 was October, with a trading range of 0.1207 ARS (High: 1.2528 / Low: 1.1321). On the other end, July was the most stable month, with a tight range of 0.0089 ARS (High: 0.6530 / Low: 0.6441).

October Spread (Volatile) ±0.1207

July Spread (Stable) ±0.0089

Growth Streaks & Declines

Trends

Between May and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0629 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0629

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2020: 1.2443) against the same month in 2019 (average: 0.6131), the exchange rate shifted by +0.6311 (+102.94%).

2020 Avg (November) 1.2443

2019 Avg (November) 0.6131

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6292	0.6048	0.6101
February	0.7031	0.6053	0.6284
March	0.7016	0.6573	0.6698
April	0.6883	0.6741	0.6798
May	0.6427	0.6182	0.6352
June	0.6474	0.6326	0.6430
July	0.6530	0.6441	0.6473
August	0.6612	0.6475	0.6541
September	0.7238	0.6580	0.6959
October	1.2528	1.1321	1.2220
November	1.2574	1.2218	1.2443
December	1.2423	1.1446	1.1814