2017 LBP to ARS Historical Review

YEARLY HIGH

0.0127 ARS

YEARLY LOW

0.0100 ARS

YEARLY AVERAGE

0.0110 ARS

2017 LBP to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the LBP to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 0.0127. Conversely, the yearly low was recorded on April 13, dropping to 0.0100.

This high-to-low spread represents a total annual volatility of 0.0027 ARS. From a start-to-finish perspective, comparing the January average rate of 0.0105 to the December average rate of 0.0117, the exchange rate registered a net change of 11.00% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2017 high of 0.0127 was up 19.41% compared to the 2016 peak of 0.0106, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 63 ARS

2016 Average 49 ARS

Yearly Trough Low 50 ARS

Transaction Impact: A difference of 13.48 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

0.0118

0.0100

JanuMarcMayJulySeptNove

LBP 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 0.0104, compared to 0.0115 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0011 points.

H1 Avg (Jan–Jun) 0.0104

H2 Avg (Jul–Dec) 0.0115

Volatility Range Comparison

Volatility

The most volatile month in 2017 was December, with a trading range of 0.0014 ARS (High: 0.0127 / Low: 0.0113). On the other end, March was the most stable month, with a tight range of 0.0002 ARS (High: 0.0104 / Low: 0.0102).

December Spread (Volatile) ±0.0014

March Spread (Stable) ±0.0002

Growth Streaks & Declines

Trends

Between April and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0002 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0002

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2017: 0.0117) against the same month in 2016 (average: 0.0105), the exchange rate shifted by +0.0012 (+11.41%).

2017 Avg (December) 0.0117

2016 Avg (December) 0.0105

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0107	0.0104	0.0105
February	0.0105	0.0101	0.0103
March	0.0104	0.0102	0.0103
April	0.0103	0.0100	0.0102
May	0.0107	0.0101	0.0104
June	0.0110	0.0105	0.0107
July	0.0118	0.0109	0.0114
August	0.0118	0.0113	0.0116
September	0.0117	0.0112	0.0114
October	0.0117	0.0115	0.0116
November	0.0117	0.0114	0.0116
December	0.0127	0.0113	0.0117