2014 AFN to ALL Historical Review

YEARLY HIGH

1.9826 ALL

YEARLY LOW

1.7686 ALL

YEARLY AVERAGE

1.8509 ALL

2014 AFN to ALL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the AFN to ALL exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 1.9826. Conversely, the yearly low was recorded on May 6, dropping to 1.7686.

This high-to-low spread represents a total annual volatility of 0.2139 ALL. From a start-to-finish perspective, comparing the January average rate of 1.8346 to the December average rate of 1.9621, the exchange rate registered a net change of 6.95% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 1.9826 was down 4.75% compared to the 2013 peak of 2.0814, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 9,913 ALL

2013 Average 9,664 ALL

Yearly Trough Low 8,843 ALL

Transaction Impact: A difference of 1,069.64 ALL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

1.9800

1.7646

JanuMarcMayJulySeptNove

AFN to ALL 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 1.8005, compared to 1.9014 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1009 points.

H1 Avg (Jan–Jun) 1.8005

H2 Avg (Jul–Dec) 1.9014

Volatility Range Comparison

Volatility

The most volatile month in 2014 was October, with a trading range of 0.0683 ALL (High: 1.9569 / Low: 1.8885). On the other end, March was the most stable month, with a tight range of 0.0247 ALL (High: 1.7945 / Low: 1.7698).

October Spread (Volatile) ±0.0683

March Spread (Stable) ±0.0247

Growth Streaks & Declines

Trends

Between March and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 9 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0304 points.

Longest Streak 9 Mo.

Sharpest MoM Drop -0.0304

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 1.9621) against the same month in 2013 (average: 1.7943), the exchange rate shifted by +0.1677 (+9.35%).

2014 Avg (December) 1.9621

2013 Avg (December) 1.7943

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.8565	1.7937	1.8346
February	1.8442	1.7873	1.8130
March	1.7945	1.7698	1.7826
April	1.8071	1.7736	1.7846
May	1.8089	1.7686	1.7937
June	1.8047	1.7777	1.7943
July	1.8497	1.7840	1.8167
August	1.8829	1.8251	1.8572
September	1.9427	1.8836	1.9128
October	1.9569	1.8885	1.9199
November	1.9602	1.9233	1.9397
December	1.9826	1.9306	1.9621