2016 SVC to ARS Historical Review

YEARLY HIGH

1.8330 ARS

YEARLY LOW

1.4768 ARS

YEARLY AVERAGE

1.6878 ARS

2016 SVC to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the SVC to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 12, valuing the pair at 1.8330. Conversely, the yearly low was recorded on January 2, dropping to 1.4768.

This high-to-low spread represents a total annual volatility of 0.3562 ARS. From a start-to-finish perspective, comparing the January average rate of 1.5507 to the December average rate of 1.8107, the exchange rate registered a net change of 16.77% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 1.8330 was up 20.84% compared to the 2015 peak of 1.5169, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 9,165 ARS

2015 Average 5,295 ARS

Yearly Trough Low 7,384 ARS

Transaction Impact: A difference of 1,781.10 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

1.8367

1.5247

JanuMarcMayJulySeptNove

SVC 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 1.6379, compared to 1.7377 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0999 points.

H1 Avg (Jan–Jun) 1.6379

H2 Avg (Jul–Dec) 1.7377

Volatility Range Comparison

Volatility

The most volatile month in 2016 was February, with a trading range of 0.1956 ARS (High: 1.8058 / Low: 1.6102). On the other end, October was the most stable month, with a tight range of 0.0272 ARS (High: 1.7547 / Low: 1.7275).

February Spread (Volatile) ±0.1956

October Spread (Stable) ±0.0272

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 0.0595 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0595

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2016: 1.8107) against the same month in 2015 (average: 1.2991), the exchange rate shifted by +0.5115 (+39.38%).

2016 Avg (December) 1.8107

2015 Avg (December) 1.2991

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.5911	1.4768	1.5507
February	1.8058	1.6102	1.6920
March	1.7986	1.6529	1.7057
April	1.6919	1.6061	1.6462
May	1.6348	1.5911	1.6149
June	1.7436	1.5721	1.6178
July	1.7218	1.6685	1.7032
August	1.7182	1.6770	1.6968
September	1.7543	1.7081	1.7259
October	1.7547	1.7275	1.7366
November	1.8046	1.7067	1.7531
December	1.8330	1.7693	1.8107