2016 SCR to ARS Historical Review

YEARLY HIGH

1.2029 ARS

YEARLY LOW

0.9903 ARS

YEARLY AVERAGE

1.1123 ARS

2016 SCR to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the SCR to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 14, valuing the pair at 1.2029. Conversely, the yearly low was recorded on January 2, dropping to 0.9903.

This high-to-low spread represents a total annual volatility of 0.2127 ARS. From a start-to-finish perspective, comparing the January average rate of 1.0370 to the December average rate of 1.1832, the exchange rate registered a net change of 14.11% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 1.2029 was up 16.08% compared to the 2015 peak of 1.0363, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 6,015 ARS

2015 Average 3,489 ARS

Yearly Trough Low 4,951 ARS

Transaction Impact: A difference of 1,063.40 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

1.1979

1.0223

JanuMarcMayJulySeptNove

SCR 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 1.0795, compared to 1.1452 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0658 points.

H1 Avg (Jan–Jun) 1.0795

H2 Avg (Jul–Dec) 1.1452

Volatility Range Comparison

Volatility

The most volatile month in 2016 was February, with a trading range of 0.1620 ARS (High: 1.1723 / Low: 1.0103). On the other end, October was the most stable month, with a tight range of 0.0313 ARS (High: 1.1644 / Low: 1.1330).

February Spread (Volatile) ±0.1620

October Spread (Stable) ±0.0313

Growth Streaks & Declines

Trends

Between August and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0501 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0501

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2016: 1.1832) against the same month in 2015 (average: 0.8859), the exchange rate shifted by +0.2973 (+33.56%).

2016 Avg (December) 1.1832

2015 Avg (December) 0.8859

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.0787	0.9903	1.0370
February	1.1723	1.0103	1.1054
March	1.1845	1.0753	1.1219
April	1.1202	0.9979	1.0718
May	1.0812	1.0294	1.0599
June	1.1922	1.0378	1.0809
July	1.1663	1.0925	1.1322
August	1.1447	1.0884	1.1212
September	1.1564	1.1210	1.1392
October	1.1644	1.1330	1.1461
November	1.1844	1.1180	1.1494
December	1.2029	1.1425	1.1832