2023 AFN to SAR Historical Review

YEARLY HIGH

0.0546 SAR

YEARLY LOW

0.0410 SAR

YEARLY AVERAGE

0.0457 SAR

2023 AFN to SAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the AFN to SAR exchange rate experienced significant fluctuation. The market reached its absolute peak on November 18, valuing the pair at 0.0546. Conversely, the yearly low was recorded on April 18, dropping to 0.0410.

This high-to-low spread represents a total annual volatility of 0.0136 SAR. From a start-to-finish perspective, comparing the January average rate of 0.0423 to the December average rate of 0.0536, the exchange rate registered a net change of 26.85% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0546 was up 23.90% compared to the 2022 peak of 0.0440, 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 273 SAR

2022 Average 209 SAR

Yearly Trough Low 205 SAR

Transaction Impact: A difference of 67.94 SAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0548

0.0407

JanuMarcMayJulySeptNove

AFN to SAR 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 0.0427, compared to 0.0486 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0059 points.

H1 Avg (Jan–Jun) 0.0427

H2 Avg (Jul–Dec) 0.0486

Volatility Range Comparison

Volatility

The most volatile month in 2023 was September, with a trading range of 0.0051 SAR (High: 0.0512 / Low: 0.0460). On the other end, December was the most stable month, with a tight range of 0.0011 SAR (High: 0.0541 / Low: 0.0530).

September Spread (Volatile) ±0.0051

December Spread (Stable) ±0.0011

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 0.0004 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.0004

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 0.0525) against the same month in 2022 (average: 0.0428), the exchange rate shifted by +0.0098 (+22.84%).

2023 Avg (November) 0.0525

2022 Avg (November) 0.0428

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0429	0.0417	0.0423
February	0.0428	0.0413	0.0418
March	0.0439	0.0419	0.0429
April	0.0440	0.0410	0.0433
May	0.0436	0.0422	0.0429
June	0.0440	0.0428	0.0433
July	0.0441	0.0428	0.0433
August	0.0462	0.0433	0.0444
September	0.0512	0.0460	0.0481
October	0.0512	0.0478	0.0497
November	0.0546	0.0503	0.0525
December	0.0541	0.0530	0.0536