2011 BIF to AFN Historical Review

YEARLY HIGH

0.0394 AFN

YEARLY LOW

0.0346 AFN

YEARLY AVERAGE

0.0366 AFN

2011 BIF to AFN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the BIF to AFN exchange rate experienced significant fluctuation. The market reached its absolute peak on October 11, valuing the pair at 0.0394. Conversely, the yearly low was recorded on December 13, dropping to 0.0346.

This high-to-low spread represents a total annual volatility of 0.0048 AFN. From a start-to-finish perspective, comparing the January average rate of 0.0379 to the December average rate of 0.0361, the exchange rate registered a net change of -4.84% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.0394 was down 8.21% compared to the 2010 peak of 0.0429, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 197 AFN

2010 Average 199 AFN

Yearly Trough Low 173 AFN

Transaction Impact: A difference of 23.84 AFN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.0397

0.0346

JanuMarcMayJulySeptNove

BIF 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 0.0365, compared to 0.0367 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0002 points.

H1 Avg (Jan–Jun) 0.0365

H2 Avg (Jul–Dec) 0.0367

Volatility Range Comparison

Volatility

The most volatile month in 2011 was December, with a trading range of 0.0046 AFN (High: 0.0393 / Low: 0.0346). On the other end, October was the most stable month, with a tight range of 0.0002 AFN (High: 0.0394 / Low: 0.0392).

December Spread (Volatile) ±0.0046

October Spread (Stable) ±0.0002

Growth Streaks & Declines

Trends

Between August and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0029 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0029

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2011: 0.0393) against the same month in 2010 (average: 0.0382), the exchange rate shifted by +0.0011 (+2.99%).

2011 Avg (October) 0.0393

2010 Avg (October) 0.0382

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0382	0.0377	0.0379
February	0.0380	0.0378	0.0378
March	0.0381	0.0376	0.0379
April	0.0379	0.0349	0.0354
May	0.0353	0.0350	0.0351
June	0.0355	0.0349	0.0351
July	0.0352	0.0349	0.0351
August	0.0353	0.0347	0.0350
September	0.0393	0.0348	0.0359
October	0.0394	0.0392	0.0393
November	0.0393	0.0359	0.0390
December	0.0393	0.0346	0.0361