2023 AFN to INR Historical Review

YEARLY HIGH

1.2120 INR

YEARLY LOW

0.8974 INR

YEARLY AVERAGE

1.0058 INR

2023 AFN to INR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the AFN to INR exchange rate experienced significant fluctuation. The market reached its absolute peak on November 18, valuing the pair at 1.2120. Conversely, the yearly low was recorded on April 18, dropping to 0.8974.

This high-to-low spread represents a total annual volatility of 0.3147 INR. From a start-to-finish perspective, comparing the January average rate of 0.9198 to the December average rate of 1.1901, the exchange rate registered a net change of 29.38% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.2120 was up 25.21% compared to the 2022 peak of 0.9680, 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 6,060 INR

2022 Average 4,382 INR

Yearly Trough Low 4,487 INR

Transaction Impact: A difference of 1,573.35 INR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.2171

0.8928

JanuMarcMayJulySeptNove

AFN to INR 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 0.9359, compared to 1.0758 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1399 points.

H1 Avg (Jan–Jun) 0.9359

H2 Avg (Jul–Dec) 1.0758

Volatility Range Comparison

Volatility

The most volatile month in 2023 was September, with a trading range of 0.1200 INR (High: 1.1354 / Low: 1.0155). On the other end, June was the most stable month, with a tight range of 0.0269 INR (High: 0.9629 / Low: 0.9361).

September Spread (Volatile) ±0.1200

June Spread (Stable) ±0.0269

Growth Streaks & Declines

Trends

Between May and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0051 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.0051

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 1.1661) against the same month in 2022 (average: 0.9277), the exchange rate shifted by +0.2383 (+25.69%).

2023 Avg (November) 1.1661

2022 Avg (November) 0.9277

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.9428	0.9059	0.9198
February	0.9416	0.9087	0.9218
March	0.9615	0.9130	0.9388
April	0.9657	0.8974	0.9461
May	0.9560	0.9241	0.9410
June	0.9629	0.9361	0.9478
July	0.9663	0.9372	0.9489
August	1.0182	0.9500	0.9814
September	1.1354	1.0155	1.0660
October	1.1354	1.0633	1.1021
November	1.2120	1.1180	1.1661
December	1.2041	1.1759	1.1901