2023 AFN to THB Historical Review

YEARLY HIGH

0.5152 THB

YEARLY LOW

0.3641 THB

YEARLY AVERAGE

0.4239 THB

2023 AFN to THB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the AFN to THB exchange rate experienced significant fluctuation. The market reached its absolute peak on December 11, valuing the pair at 0.5152. Conversely, the yearly low was recorded on February 1, dropping to 0.3641.

This high-to-low spread represents a total annual volatility of 0.1511 THB. From a start-to-finish perspective, comparing the January average rate of 0.3738 to the December average rate of 0.4990, the exchange rate registered a net change of 33.52% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.5152 was up 15.29% compared to the 2022 peak of 0.4469, 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 2,576 THB

2022 Average 1,953 THB

Yearly Trough Low 1,820 THB

Transaction Impact: A difference of 755.68 THB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.5116

0.3612

JanuMarcMayJulySeptNove

AFN to THB 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 0.3890, compared to 0.4588 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0698 points.

H1 Avg (Jan–Jun) 0.3890

H2 Avg (Jul–Dec) 0.4588

Volatility Range Comparison

Volatility

The most volatile month in 2023 was September, with a trading range of 0.0548 THB (High: 0.4848 / Low: 0.4300). On the other end, March was the most stable month, with a tight range of 0.0148 THB (High: 0.3996 / Low: 0.3848).

September Spread (Volatile) ±0.0548

March Spread (Stable) ±0.0148

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 0.0038 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0038

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 0.4990) against the same month in 2022 (average: 0.3974), the exchange rate shifted by +0.1017 (+25.58%).

2023 Avg (December) 0.4990

2022 Avg (December) 0.3974

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3939	0.3654	0.3738
February	0.3987	0.3641	0.3801
March	0.3996	0.3848	0.3928
April	0.4040	0.3748	0.3945
May	0.3992	0.3807	0.3907
June	0.4136	0.3950	0.4021
July	0.4093	0.3905	0.3997
August	0.4312	0.3958	0.4152
September	0.4848	0.4300	0.4596
October	0.4913	0.4718	0.4831
November	0.5111	0.4782	0.4960
December	0.5152	0.4841	0.4990