2014 LRD to ARS Historical Review

YEARLY HIGH

0.0996 ARS

YEARLY LOW

0.0793 ARS

YEARLY AVERAGE

0.0919 ARS

2014 LRD to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the LRD to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on March 22, valuing the pair at 0.0996. Conversely, the yearly low was recorded on January 14, dropping to 0.0793.

This high-to-low spread represents a total annual volatility of 0.0203 ARS. From a start-to-finish perspective, comparing the January average rate of 0.0834 to the December average rate of 0.0934, the exchange rate registered a net change of 11.98% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.0996 was up 23.20% compared to the 2013 peak of 0.0808, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 498 ARS

2013 Average 357 ARS

Yearly Trough Low 396 ARS

Transaction Impact: A difference of 101.56 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.0975

0.0821

JanuMarcMayJulySeptNove

LRD 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 0.0921, compared to 0.0918 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0003 points.

H1 Avg (Jan–Jun) 0.0921

H2 Avg (Jul–Dec) 0.0918

Volatility Range Comparison

Volatility

The most volatile month in 2014 was January, with a trading range of 0.0145 ARS (High: 0.0938 / Low: 0.0793). On the other end, November was the most stable month, with a tight range of 0.0007 ARS (High: 0.0934 / Low: 0.0927).

January Spread (Volatile) ±0.0145

November Spread (Stable) ±0.0007

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 June and July, when the average rate fell by 0.0034 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0034

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2014: 0.0962) against the same month in 2013 (average: 0.0684), the exchange rate shifted by +0.0278 (+40.59%).

2014 Avg (March) 0.0962

2013 Avg (March) 0.0684

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0938	0.0793	0.0834
February	0.0938	0.0909	0.0919
March	0.0996	0.0922	0.0962
April	0.0947	0.0932	0.0938
May	0.0995	0.0926	0.0949
June	0.0976	0.0899	0.0924
July	0.0900	0.0879	0.0890
August	0.0920	0.0889	0.0907
September	0.0926	0.0917	0.0920
October	0.0932	0.0923	0.0927
November	0.0934	0.0927	0.0930
December	0.0935	0.0927	0.0934