2014 SAR to ARS Historical Review

YEARLY HIGH

2.2790 ARS

YEARLY LOW

1.7379 ARS

YEARLY AVERAGE

2.1628 ARS

2014 SAR to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the SAR to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 2.2790. Conversely, the yearly low was recorded on January 1, dropping to 1.7379.

This high-to-low spread represents a total annual volatility of 0.5412 ARS. From a start-to-finish perspective, comparing the January average rate of 1.8630 to the December average rate of 2.2766, the exchange rate registered a net change of 22.20% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 2.2790 was up 31.08% compared to the 2013 peak of 1.7386, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 11,395 ARS

2013 Average 7,302 ARS

Yearly Trough Low 8,689 ARS

Transaction Impact: A difference of 2,705.89 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

2.3179

1.8217

JanuMarcMayJulySeptNove

SAR 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 2.0858, compared to 2.2398 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1540 points.

H1 Avg (Jan–Jun) 2.0858

H2 Avg (Jul–Dec) 2.2398

Volatility Range Comparison

Volatility

The most volatile month in 2014 was January, with a trading range of 0.3995 ARS (High: 2.1373 / Low: 1.7379). On the other end, April was the most stable month, with a tight range of 0.0034 ARS (High: 2.1362 / Low: 2.1328).

January Spread (Volatile) ±0.3995

April Spread (Stable) ±0.0034

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 2014: 2.2766) against the same month in 2013 (average: 1.6890), the exchange rate shifted by +0.5876 (+34.79%).

2014 Avg (December) 2.2766

2013 Avg (December) 1.6890

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.1373	1.7379	1.8630
February	2.1381	2.0715	2.0957
March	2.1342	2.0969	2.1130
April	2.1362	2.1328	2.1338
May	2.1538	2.1330	2.1429
June	2.1701	2.1541	2.1664
July	2.1879	2.1649	2.1740
August	2.2436	2.1934	2.2162
September	2.2596	2.2375	2.2440
October	2.2689	2.2504	2.2597
November	2.2735	2.2604	2.2684
December	2.2790	2.2595	2.2766