2018 SZL to ARS Historical Review

YEARLY HIGH

2.9063 ARS

YEARLY LOW

1.4872 ARS

YEARLY AVERAGE

2.0910 ARS

2018 SZL to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the SZL to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on September 28, valuing the pair at 2.9063. Conversely, the yearly low was recorded on January 10, dropping to 1.4872.

This high-to-low spread represents a total annual volatility of 1.4192 ARS. From a start-to-finish perspective, comparing the January average rate of 1.5588 to the December average rate of 2.6557, the exchange rate registered a net change of 70.37% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2018 high of 2.9063 was up 86.86% compared to the 2017 peak of 1.5554, 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 14,532 ARS

2017 Average 6,225 ARS

Yearly Trough Low 7,436 ARS

Transaction Impact: A difference of 7,095.76 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

2.7654

1.4491

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 1.7501, compared to 2.4320 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.6819 points.

H1 Avg (Jan–Jun) 1.7501

H2 Avg (Jul–Dec) 2.4320

Volatility Range Comparison

Volatility

The most volatile month in 2018 was August, with a trading range of 0.8034 ARS (High: 2.7005 / Low: 1.8971). On the other end, March was the most stable month, with a tight range of 0.0517 ARS (High: 1.7302 / Low: 1.6784).

August Spread (Volatile) ±0.8034

March Spread (Stable) ±0.0517

Growth Streaks & Declines

Trends

Between April and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0686 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0686

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2018: 2.6180) against the same month in 2017 (average: 1.3113), the exchange rate shifted by +1.3066 (+99.64%).

2018 Avg (September) 2.6180

2017 Avg (September) 1.3113

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.6549	1.4872	1.5588
February	1.7445	1.6115	1.6746
March	1.7302	1.6784	1.7064
April	1.7072	1.6265	1.6743
May	2.0348	1.6694	1.8778
June	2.1012	1.9502	2.0086
July	2.0996	2.0278	2.0594
August	2.7005	1.8971	2.1285
September	2.9063	2.4375	2.6180
October	2.7917	2.4314	2.5494
November	2.8308	2.4526	2.5809
December	2.7692	2.6069	2.6557