2015 MMK to ARS Historical Review

YEARLY HIGH

0.0102 ARS

YEARLY LOW

0.0074 ARS

YEARLY AVERAGE

0.0084 ARS

2015 MMK to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2015

During 2015, the MMK to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 17, valuing the pair at 0.0102. Conversely, the yearly low was recorded on November 7, dropping to 0.0074.

This high-to-low spread represents a total annual volatility of 0.0028 ARS. From a start-to-finish perspective, comparing the January average rate of 0.0084 to the December average rate of 0.0087, the exchange rate registered a net change of 4.43% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2015 high of 0.0102 was up 17.78% compared to the 2014 peak of 0.0087, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 51 ARS

2014 Average 41 ARS

Yearly Trough Low 37 ARS

Transaction Impact: A difference of 13.99 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2015.

0.0089

0.0073

JanuMarcMayJulySeptNove

MMK 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 0.0083, compared to 0.0084 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0001 points.

H1 Avg (Jan–Jun) 0.0083

H2 Avg (Jul–Dec) 0.0084

Volatility Range Comparison

Volatility

The most volatile month in 2015 was December, with a trading range of 0.0028 ARS (High: 0.0102 / Low: 0.0074). On the other end, February was the most stable month, with a tight range of 0.0001 ARS (High: 0.0085 / Low: 0.0084).

December Spread (Volatile) ±0.0028

February Spread (Stable) ±0.0001

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 October and November, when the average rate fell by 0.0011 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0011

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2015: 0.0087) against the same month in 2014 (average: 0.0083), the exchange rate shifted by +0.0004 (+5.24%).

2015 Avg (December) 0.0087

2014 Avg (December) 0.0083

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0084	0.0082	0.0084
February	0.0085	0.0084	0.0084
March	0.0085	0.0083	0.0084
April	0.0086	0.0082	0.0083
May	0.0083	0.0082	0.0082
June	0.0083	0.0082	0.0082
July	0.0085	0.0081	0.0083
August	0.0086	0.0085	0.0086
September	0.0087	0.0086	0.0087
October	0.0088	0.0074	0.0086
November	0.0075	0.0074	0.0075
December	0.0102	0.0074	0.0087