2011 AFN to BTN Historical Review

YEARLY HIGH

1.1750 BTN

YEARLY LOW

1.0089 BTN

YEARLY AVERAGE

1.0538 BTN

2011 AFN to BTN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the AFN to BTN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 14, valuing the pair at 1.1750. Conversely, the yearly low was recorded on October 31, dropping to 1.0089.

This high-to-low spread represents a total annual volatility of 0.1661 BTN. From a start-to-finish perspective, comparing the January average rate of 1.0553 to the December average rate of 1.1307, the exchange rate registered a net change of 7.14% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 1.1750 was up 8.95% compared to the 2010 peak of 1.0785, 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 5,875 BTN

2010 Average 5,057 BTN

Yearly Trough Low 5,044 BTN

Transaction Impact: A difference of 830.59 BTN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

1.1419

1.0078

JanuMarcMayJulySeptNove

AFN to BTN 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 1.0456, compared to 1.0620 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0164 points.

H1 Avg (Jan–Jun) 1.0456

H2 Avg (Jul–Dec) 1.0620

Volatility Range Comparison

Volatility

The most volatile month in 2011 was September, with a trading range of 0.1338 BTN (High: 1.1445 / Low: 1.0107). On the other end, June was the most stable month, with a tight range of 0.0123 BTN (High: 1.0464 / Low: 1.0342).

September Spread (Volatile) ±0.1338

June Spread (Stable) ±0.0123

Growth Streaks & Declines

Trends

Between July and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0615 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0615

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2011: 1.1307) against the same month in 2010 (average: 1.0479), the exchange rate shifted by +0.0829 (+7.91%).

2011 Avg (December) 1.1307

2010 Avg (December) 1.0479

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.0678	1.0385	1.0553
February	1.0631	1.0447	1.0562
March	1.0531	1.0362	1.0448
April	1.0369	1.0233	1.0318
May	1.0537	1.0290	1.0435
June	1.0464	1.0342	1.0418
July	1.0387	1.0249	1.0318
August	1.0730	1.0255	1.0553
September	1.1445	1.0107	1.0805
October	1.0329	1.0089	1.0190
November	1.1104	1.0135	1.0544
December	1.1750	1.0586	1.1307