2011 AFN to CDF Historical Review

YEARLY HIGH

21.3951 CDF

YEARLY LOW

18.5850 CDF

YEARLY AVERAGE

20.6377 CDF

2011 AFN to CDF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the AFN to CDF exchange rate experienced significant fluctuation. The market reached its absolute peak on July 27, valuing the pair at 21.3951. Conversely, the yearly low was recorded on December 5, dropping to 18.5850.

This high-to-low spread represents a total annual volatility of 2.8101 CDF. From a start-to-finish perspective, comparing the January average rate of 21.0725 to the December average rate of 19.4875, the exchange rate registered a net change of -7.52% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 21.3951 was up 0.47% compared to the 2010 peak of 21.2941, 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 106,976 CDF

2010 Average 99,108 CDF

Yearly Trough Low 92,925 CDF

Transaction Impact: A difference of 14,050.69 CDF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

21.5109

18.6785

JanuMarcMayJulySeptNove

AFN to CDF 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 21.1782, compared to 20.0973 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.0810 points.

H1 Avg (Jan–Jun) 21.1782

H2 Avg (Jul–Dec) 20.0973

Volatility Range Comparison

Volatility

The most volatile month in 2011 was September, with a trading range of 2.4208 CDF (High: 21.3528 / Low: 18.9320). On the other end, May was the most stable month, with a tight range of 0.1382 CDF (High: 21.2855 / Low: 21.1473).

September Spread (Volatile) ±2.4208

May Spread (Stable) ±0.1382

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2011. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 1.8662 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -1.8662

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2011: 21.2000) against the same month in 2010 (average: 19.8174), the exchange rate shifted by +1.3826 (+6.98%).

2011 Avg (July) 21.2000

2010 Avg (July) 19.8174

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	21.2667	20.6236	21.0725
February	21.3867	21.0852	21.2748
March	21.3484	21.0870	21.2175
April	21.2883	21.0887	21.1830
May	21.2855	21.1473	21.2267
June	21.3130	20.9872	21.0946
July	21.3951	21.0869	21.2000
August	21.3236	20.9804	21.1928
September	21.3528	18.9320	20.8274
October	19.1190	18.7621	18.9612
November	20.0507	18.6287	18.9145
December	19.9808	18.5850	19.4875