2020 ARS to AFN Historical Review

YEARLY HIGH

1.3033 AFN

YEARLY LOW

0.9187 AFN

YEARLY AVERAGE

1.1002 AFN

2020 ARS to AFN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the ARS to AFN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 1.3033. Conversely, the yearly low was recorded on December 30, dropping to 0.9187.

This high-to-low spread represents a total annual volatility of 0.3846 AFN. From a start-to-finish perspective, comparing the January average rate of 1.2885 to the December average rate of 0.9335, the exchange rate registered a net change of -27.55% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 1.3033 was down 36.28% compared to the 2019 peak of 2.0452, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 ARS based on timing:

Yearly Peak High 6,516 AFN

2019 Average 8,311 AFN

Yearly Trough Low 4,593 AFN

Transaction Impact: A difference of 1,923.06 AFN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

1.3240

0.8980

JanuMarcMayJulySeptNove

ARS to AFN 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 1.1931, compared to 1.0074 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1857 points.

H1 Avg (Jan–Jun) 1.1931

H2 Avg (Jul–Dec) 1.0074

Volatility Range Comparison

Volatility

The most volatile month in 2020 was February, with a trading range of 0.0678 AFN (High: 1.2887 / Low: 1.2210). On the other end, August was the most stable month, with a tight range of 0.0227 AFN (High: 1.0608 / Low: 1.0381).

February Spread (Volatile) ±0.0678

August Spread (Stable) ±0.0227

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2020. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0478 points.

Longest Streak 0 Mo.

Sharpest MoM Drop -0.0478

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2020: 1.2885) against the same month in 2019 (average: 2.0205), the exchange rate shifted by -0.7320 (-36.23%).

2020 Avg (January) 1.2885

2019 Avg (January) 2.0205

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.3033	1.2677	1.2885
February	1.2887	1.2210	1.2556
March	1.2312	1.1884	1.2078
April	1.1841	1.1407	1.1622
May	1.1582	1.1193	1.1325
June	1.1249	1.0971	1.1118
July	1.0956	1.0597	1.0803
August	1.0608	1.0381	1.0527
September	1.0343	1.0089	1.0225
October	1.0074	0.9811	0.9914
November	0.9803	0.9476	0.9639
December	0.9455	0.9187	0.9335