2016 MAD to ARS Historical Review

YEARLY HIGH

1.5986 ARS

YEARLY LOW

1.3059 ARS

YEARLY AVERAGE

1.5054 ARS

2016 MAD to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the MAD to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 7, valuing the pair at 1.5986. Conversely, the yearly low was recorded on January 2, dropping to 1.3059.

This high-to-low spread represents a total annual volatility of 0.2927 ARS. From a start-to-finish perspective, comparing the January average rate of 1.3691 to the December average rate of 1.5665, the exchange rate registered a net change of 14.42% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 1.5986 was up 19.04% compared to the 2015 peak of 1.3429, 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 7,993 ARS

2015 Average 4,749 ARS

Yearly Trough Low 6,530 ARS

Transaction Impact: A difference of 1,463.30 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

1.5862

1.3494

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 1.4694, compared to 1.5414 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0719 points.

H1 Avg (Jan–Jun) 1.4694

H2 Avg (Jul–Dec) 1.5414

Volatility Range Comparison

Volatility

The most volatile month in 2016 was February, with a trading range of 0.1757 ARS (High: 1.5967 / Low: 1.4210). On the other end, September was the most stable month, with a tight range of 0.0461 ARS (High: 1.5785 / Low: 1.5323).

February Spread (Volatile) ±0.1757

September Spread (Stable) ±0.0461

Growth Streaks & Declines

Trends

Between June and September, 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 March and April, when the average rate fell by 0.0369 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0369

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2016: 1.5665) against the same month in 2015 (average: 1.1458), the exchange rate shifted by +0.4206 (+36.71%).

2016 Avg (December) 1.5665

2015 Avg (December) 1.1458

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.4079	1.3059	1.3691
February	1.5967	1.4210	1.5128
March	1.5907	1.4869	1.5275
April	1.5344	1.4490	1.4906
May	1.4879	1.4256	1.4600
June	1.5511	1.4147	1.4565
July	1.5419	1.4880	1.5191
August	1.5509	1.5029	1.5253
September	1.5785	1.5323	1.5528
October	1.5792	1.5287	1.5458
November	1.5656	1.5149	1.5388
December	1.5986	1.5196	1.5665