2014 AFN to NGN Historical Review

YEARLY HIGH

3.1870 NGN

YEARLY LOW

2.7924 NGN

YEARLY AVERAGE

2.8967 NGN

2014 AFN to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the AFN to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 23, valuing the pair at 3.1870. Conversely, the yearly low was recorded on May 5, dropping to 2.7924.

This high-to-low spread represents a total annual volatility of 0.3946 NGN. From a start-to-finish perspective, comparing the January average rate of 2.8458 to the December average rate of 3.1382, the exchange rate registered a net change of 10.27% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 3.1870 was up 3.67% compared to the 2013 peak of 3.0740, 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 15,935 NGN

2013 Average 14,556 NGN

Yearly Trough Low 13,962 NGN

Transaction Impact: A difference of 1,972.85 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

3.1680

2.8103

JanuMarcMayJulySeptNove

AFN to NGN 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 2.8612, compared to 2.9321 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0709 points.

H1 Avg (Jan–Jun) 2.8612

H2 Avg (Jul–Dec) 2.9321

Volatility Range Comparison

Volatility

The most volatile month in 2014 was November, with a trading range of 0.2058 NGN (High: 3.0884 / Low: 2.8826). On the other end, March was the most stable month, with a tight range of 0.0365 NGN (High: 2.9121 / Low: 2.8756).

November Spread (Volatile) ±0.2058

March Spread (Stable) ±0.0365

Growth Streaks & Declines

Trends

Between September and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0383 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0383

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 3.1382) against the same month in 2013 (average: 2.7904), the exchange rate shifted by +0.3478 (+12.46%).

2014 Avg (December) 3.1382

2013 Avg (December) 2.7904

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.8826	2.8208	2.8458
February	2.9176	2.8552	2.8884
March	2.9121	2.8756	2.8932
April	2.8943	2.8275	2.8549
May	2.8657	2.7924	2.8449
June	2.8637	2.8118	2.8401
July	2.8956	2.8153	2.8528
August	2.8926	2.8396	2.8780
September	2.8911	2.8539	2.8741
October	2.8950	2.8485	2.8745
November	3.0884	2.8826	2.9752
December	3.1870	3.1020	3.1382