2014 SZL to ARS Historical Review

YEARLY HIGH

0.7893 ARS

YEARLY LOW

0.6140 ARS

YEARLY AVERAGE

0.7479 ARS

2014 SZL to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the SZL to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on August 29, valuing the pair at 0.7893. Conversely, the yearly low was recorded on January 4, dropping to 0.6140.

This high-to-low spread represents a total annual volatility of 0.1753 ARS. From a start-to-finish perspective, comparing the January average rate of 0.6431 to the December average rate of 0.7430, the exchange rate registered a net change of 15.53% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.7893 was up 26.59% compared to the 2013 peak of 0.6236, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 3,947 ARS

2013 Average 2,837 ARS

Yearly Trough Low 3,070 ARS

Transaction Impact: A difference of 876.53 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.7929

0.6295

JanuMarcMayJulySeptNove

SZL 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 0.7315, compared to 0.7644 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0329 points.

H1 Avg (Jan–Jun) 0.7315

H2 Avg (Jul–Dec) 0.7644

Volatility Range Comparison

Volatility

The most volatile month in 2014 was January, with a trading range of 0.1097 ARS (High: 0.7237 / Low: 0.6140). On the other end, June was the most stable month, with a tight range of 0.0149 ARS (High: 0.7683 / Low: 0.7534).

January Spread (Volatile) ±0.1097

June Spread (Stable) ±0.0149

Growth Streaks & Declines

Trends

Between January and May, 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 November and December, when the average rate fell by 0.0250 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0250

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2014: 0.7793) against the same month in 2013 (average: 0.5546), the exchange rate shifted by +0.2247 (+40.51%).

2014 Avg (August) 0.7793

2013 Avg (August) 0.5546

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.7237	0.6140	0.6431
February	0.7344	0.7032	0.7157
March	0.7577	0.7268	0.7378
April	0.7678	0.7506	0.7585
May	0.7811	0.7604	0.7720
June	0.7683	0.7534	0.7618
July	0.7767	0.7552	0.7647
August	0.7893	0.7692	0.7793
September	0.7883	0.7492	0.7667
October	0.7802	0.7464	0.7649
November	0.7779	0.7548	0.7679
December	0.7740	0.7316	0.7430