2021 BAM to AFN Historical Review

YEARLY HIGH

67.9563 AFN

YEARLY LOW

46.3406 AFN

YEARLY AVERAGE

50.3628 AFN

2021 BAM to AFN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the BAM to AFN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 15, valuing the pair at 67.9563. Conversely, the yearly low was recorded on March 30, dropping to 46.3406.

This high-to-low spread represents a total annual volatility of 21.6157 AFN. From a start-to-finish perspective, comparing the January average rate of 48.1245 to the December average rate of 58.8978, the exchange rate registered a net change of 22.39% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 67.9563 was up 40.05% compared to the 2020 peak of 48.5238, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 339,781 AFN

2020 Average 224,225 AFN

Yearly Trough Low 231,703 AFN

Transaction Impact: A difference of 108,078.47 AFN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

60.0748

45.9510

JanuMarcMayJulySeptNove

BAM 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 47.8798, compared to 52.8458 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 4.9660 points.

H1 Avg (Jan–Jun) 47.8798

H2 Avg (Jul–Dec) 52.8458

Volatility Range Comparison

Volatility

The most volatile month in 2021 was December, with a trading range of 12.4965 AFN (High: 67.9563 / Low: 55.4598). On the other end, January was the most stable month, with a tight range of 1.0363 AFN (High: 48.7645 / Low: 47.7282).

December Spread (Volatile) ±12.4965

January Spread (Stable) ±1.0363

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 February and March, when the average rate fell by 0.6655 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.6655

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2021: 58.8978) against the same month in 2020 (average: 47.9602), the exchange rate shifted by +10.9376 (+22.81%).

2021 Avg (December) 58.8978

2020 Avg (December) 47.9602

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	48.7645	47.7282	48.1245
February	48.7341	47.3158	47.7935
March	47.8038	46.3406	47.1280
April	48.1814	46.3815	47.4489
May	49.3155	47.7091	48.3026
June	49.0223	47.7423	48.4811
July	49.6669	47.8148	48.3942
August	52.0323	47.9541	50.0331
September	53.6848	51.2124	52.2142
October	54.0117	52.9251	53.4572
November	55.8189	53.5052	54.0783
December	67.9563	55.4598	58.8978