2015 MOP to ARS Historical Review

YEARLY HIGH

1.6625 ARS

YEARLY LOW

1.0622 ARS

YEARLY AVERAGE

1.1594 ARS

2015 MOP to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2015

During 2015, the MOP to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 17, valuing the pair at 1.6625. Conversely, the yearly low was recorded on January 2, dropping to 1.0622.

This high-to-low spread represents a total annual volatility of 0.6003 ARS. From a start-to-finish perspective, comparing the January average rate of 1.0754 to the December average rate of 1.4222, the exchange rate registered a net change of 32.25% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2015 high of 1.6625 was up 54.77% compared to the 2014 peak of 1.0742, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 8,313 ARS

2014 Average 5,078 ARS

Yearly Trough Low 5,311 ARS

Transaction Impact: A difference of 3,001.70 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2015.

1.4569

1.0407

JanuMarcMayJulySeptNove

MOP 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 1.1043, compared to 1.2146 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1103 points.

H1 Avg (Jan–Jun) 1.1043

H2 Avg (Jul–Dec) 1.2146

Volatility Range Comparison

Volatility

The most volatile month in 2015 was December, with a trading range of 0.4486 ARS (High: 1.6625 / Low: 1.2139). On the other end, February was the most stable month, with a tight range of 0.0134 ARS (High: 1.0916 / Low: 1.0782).

December Spread (Volatile) ±0.4486

February Spread (Stable) ±0.0134

Growth Streaks & Declines

Trends

Between January and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 11 straight months. No significant month-over-month rate declines were detected.

Longest Streak 11 Mo.

Sharpest MoM Drop -0.0000

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2015: 1.4222) against the same month in 2014 (average: 1.0690), the exchange rate shifted by +0.3532 (+33.04%).

2015 Avg (December) 1.4222

2014 Avg (December) 1.0690

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.0832	1.0622	1.0754
February	1.0916	1.0782	1.0865
March	1.1079	1.0875	1.0971
April	1.1206	1.0976	1.1116
May	1.1281	1.1128	1.1205
June	1.1453	1.1275	1.1346
July	1.1533	1.1375	1.1457
August	1.1678	1.1512	1.1584
September	1.1809	1.1647	1.1729
October	1.1921	1.1784	1.1862
November	1.2128	1.1849	1.2022
December	1.6625	1.2139	1.4222