2023 AFN to NPR Historical Review

YEARLY HIGH

1.9299 NPR

YEARLY LOW

1.4349 NPR

YEARLY AVERAGE

1.6088 NPR

2023 AFN to NPR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the AFN to NPR exchange rate experienced significant fluctuation. The market reached its absolute peak on November 22, valuing the pair at 1.9299. Conversely, the yearly low was recorded on April 18, dropping to 1.4349.

This high-to-low spread represents a total annual volatility of 0.4950 NPR. From a start-to-finish perspective, comparing the January average rate of 1.4735 to the December average rate of 1.9059, the exchange rate registered a net change of 29.35% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.9299 was up 24.70% compared to the 2022 peak of 1.5477, 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 9,650 NPR

2022 Average 7,009 NPR

Yearly Trough Low 7,175 NPR

Transaction Impact: A difference of 2,475.17 NPR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.9491

1.4302

JanuMarcMayJulySeptNove

AFN to NPR 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 1.4972, compared to 1.7205 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2232 points.

H1 Avg (Jan–Jun) 1.4972

H2 Avg (Jul–Dec) 1.7205

Volatility Range Comparison

Volatility

The most volatile month in 2023 was September, with a trading range of 0.1875 NPR (High: 1.8128 / Low: 1.6253). On the other end, December was the most stable month, with a tight range of 0.0428 NPR (High: 1.9271 / Low: 1.8843).

September Spread (Volatile) ±0.1875

December Spread (Stable) ±0.0428

Growth Streaks & Declines

Trends

Between July and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0077 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0077

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 1.8641) against the same month in 2022 (average: 1.4858), the exchange rate shifted by +0.3783 (+25.46%).

2023 Avg (November) 1.8641

2022 Avg (November) 1.4858

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.5110	1.4456	1.4735
February	1.5102	1.4467	1.4741
March	1.5380	1.4652	1.5016
April	1.5458	1.4349	1.5126
May	1.5278	1.4781	1.5049
June	1.5407	1.4959	1.5167
July	1.5410	1.4900	1.5166
August	1.6292	1.5200	1.5696
September	1.8128	1.6253	1.7048
October	1.8153	1.6985	1.7617
November	1.9299	1.7886	1.8641
December	1.9271	1.8843	1.9059