2015 VEF to ARS Historical Review

YEARLY HIGH

2.1061 ARS

YEARLY LOW

1.3491 ARS

YEARLY AVERAGE

1.4652 ARS

2015 VEF to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2015

During 2015, the VEF to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 17, valuing the pair at 2.1061. Conversely, the yearly low was recorded on January 2, dropping to 1.3491.

This high-to-low spread represents a total annual volatility of 0.7570 ARS. From a start-to-finish perspective, comparing the January average rate of 1.3610 to the December average rate of 1.7938, the exchange rate registered a net change of 31.79% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2015 high of 2.1061 was up 55.26% compared to the 2014 peak of 1.3565, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 10,531 ARS

2014 Average 6,443 ARS

Yearly Trough Low 6,745 ARS

Transaction Impact: A difference of 3,785.16 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2015.

1.8370

1.3178

JanuMarcMayJulySeptNove

VEF 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 1.3963, compared to 1.5341 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1378 points.

H1 Avg (Jan–Jun) 1.3963

H2 Avg (Jul–Dec) 1.5341

Volatility Range Comparison

Volatility

The most volatile month in 2015 was December, with a trading range of 0.5733 ARS (High: 2.1061 / Low: 1.5328). On the other end, February was the most stable month, with a tight range of 0.0134 ARS (High: 1.3809 / Low: 1.3676).

December Spread (Volatile) ±0.5733

February Spread (Stable) ±0.0134

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 2015: 1.7938) against the same month in 2014 (average: 1.3533), the exchange rate shifted by +0.4405 (+32.55%).

2015 Avg (December) 1.7938

2014 Avg (December) 1.3533

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.3700	1.3491	1.3610
February	1.3809	1.3676	1.3746
March	1.3976	1.3820	1.3902
April	1.4116	1.3830	1.4015
May	1.4254	1.4098	1.4173
June	1.4484	1.4251	1.4330
July	1.4544	1.4392	1.4468
August	1.4710	1.4549	1.4628
September	1.4912	1.4721	1.4823
October	1.5072	1.4870	1.4992
November	1.5324	1.4976	1.5198
December	2.1061	1.5328	1.7938