2015 KMF to ARS Historical Review

YEARLY HIGH

0.0294 ARS

YEARLY LOW

0.0187 ARS

YEARLY AVERAGE

0.0209 ARS

2015 KMF to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2015

During 2015, the KMF to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 17, valuing the pair at 0.0294. Conversely, the yearly low was recorded on March 15, dropping to 0.0187.

This high-to-low spread represents a total annual volatility of 0.0107 ARS. From a start-to-finish perspective, comparing the January average rate of 0.0203 to the December average rate of 0.0252, the exchange rate registered a net change of 23.98% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2015 high of 0.0294 was up 29.89% compared to the 2014 peak of 0.0227, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 147 ARS

2014 Average 109 ARS

Yearly Trough Low 94 ARS

Transaction Impact: A difference of 53.47 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2015.

0.0258

0.0187

JanuMarcMayJulySeptNove

KMF 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 0.0200, compared to 0.0217 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0017 points.

H1 Avg (Jan–Jun) 0.0200

H2 Avg (Jul–Dec) 0.0217

Volatility Range Comparison

Volatility

The most volatile month in 2015 was December, with a trading range of 0.0085 ARS (High: 0.0294 / Low: 0.0209). On the other end, February was the most stable month, with a tight range of 0.0003 ARS (High: 0.0202 / Low: 0.0198).

December Spread (Volatile) ±0.0085

February Spread (Stable) ±0.0003

Growth Streaks & Declines

Trends

Between March and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0007 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0007

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2015: 0.0252) against the same month in 2014 (average: 0.0214), the exchange rate shifted by +0.0038 (+17.96%).

2015 Avg (December) 0.0252

2014 Avg (December) 0.0214

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0209	0.0197	0.0203
February	0.0202	0.0198	0.0200
March	0.0198	0.0187	0.0193
April	0.0202	0.0191	0.0194
May	0.0208	0.0199	0.0203
June	0.0210	0.0201	0.0206
July	0.0207	0.0201	0.0204
August	0.0213	0.0204	0.0208
September	0.0216	0.0210	0.0214
October	0.0220	0.0212	0.0216
November	0.0213	0.0208	0.0210
December	0.0294	0.0209	0.0252