2014 MAD to ARS Historical Review

YEARLY HIGH

0.9972 ARS

YEARLY LOW

0.7941 ARS

YEARLY AVERAGE

0.9643 ARS

2014 MAD to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the MAD to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on August 23, valuing the pair at 0.9972. Conversely, the yearly low was recorded on January 3, dropping to 0.7941.

This high-to-low spread represents a total annual volatility of 0.2031 ARS. From a start-to-finish perspective, comparing the January average rate of 0.8487 to the December average rate of 0.9559, the exchange rate registered a net change of 12.63% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.9972 was up 24.77% compared to the 2013 peak of 0.7993, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 4,986 ARS

2013 Average 3,261 ARS

Yearly Trough Low 3,970 ARS

Transaction Impact: A difference of 1,015.73 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

1.0053

0.8345

JanuMarcMayJulySeptNove

MAD 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 0.9552, compared to 0.9734 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0182 points.

H1 Avg (Jan–Jun) 0.9552

H2 Avg (Jul–Dec) 0.9734

Volatility Range Comparison

Volatility

The most volatile month in 2014 was January, with a trading range of 0.1798 ARS (High: 0.9739 / Low: 0.7941). On the other end, July was the most stable month, with a tight range of 0.0089 ARS (High: 0.9898 / Low: 0.9809).

January Spread (Volatile) ±0.1798

July Spread (Stable) ±0.0089

Growth Streaks & Declines

Trends

Between January and April, 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 August and September, when the average rate fell by 0.0143 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0143

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2014: 0.9911) against the same month in 2013 (average: 0.6649), the exchange rate shifted by +0.3262 (+49.06%).

2014 Avg (August) 0.9911

2013 Avg (August) 0.6649

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.9739	0.7941	0.8487
February	0.9683	0.9482	0.9567
March	0.9831	0.9644	0.9744
April	0.9875	0.9768	0.9836
May	0.9882	0.9789	0.9825
June	0.9914	0.9798	0.9852
July	0.9898	0.9809	0.9850
August	0.9972	0.9870	0.9911
September	0.9917	0.9645	0.9768
October	0.9771	0.9579	0.9697
November	0.9675	0.9576	0.9620
December	0.9690	0.9361	0.9559