2011 BTN to AFN Historical Review

YEARLY HIGH

0.9912 AFN

YEARLY LOW

0.8511 AFN

YEARLY AVERAGE

0.9499 AFN

2011 BTN to AFN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the BTN to AFN exchange rate experienced significant fluctuation. The market reached its absolute peak on October 31, valuing the pair at 0.9912. Conversely, the yearly low was recorded on December 14, dropping to 0.8511.

This high-to-low spread represents a total annual volatility of 0.1401 AFN. From a start-to-finish perspective, comparing the January average rate of 0.9476 to the December average rate of 0.8857, the exchange rate registered a net change of -6.53% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.9912 was down 7.77% compared to the 2010 peak of 1.0747, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 4,956 AFN

2010 Average 4,951 AFN

Yearly Trough Low 4,255 AFN

Transaction Impact: A difference of 700.64 AFN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.9910

0.8761

JanuMarcMayJulySeptNove

BTN 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 0.9565, compared to 0.9433 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0132 points.

H1 Avg (Jan–Jun) 0.9565

H2 Avg (Jul–Dec) 0.9433

Volatility Range Comparison

Volatility

The most volatile month in 2011 was September, with a trading range of 0.1157 AFN (High: 0.9894 / Low: 0.8738). On the other end, June was the most stable month, with a tight range of 0.0113 AFN (High: 0.9670 / Low: 0.9556).

September Spread (Volatile) ±0.1157

June Spread (Stable) ±0.0113

Growth Streaks & Declines

Trends

Between February and April, 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 0.0634 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0634

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2011: 0.9814) against the same month in 2010 (average: 0.9756), the exchange rate shifted by +0.0058 (+0.59%).

2011 Avg (October) 0.9814

2010 Avg (October) 0.9756

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.9629	0.9365	0.9476
February	0.9572	0.9406	0.9468
March	0.9651	0.9496	0.9571
April	0.9772	0.9644	0.9692
May	0.9718	0.9490	0.9584
June	0.9670	0.9556	0.9599
July	0.9757	0.9628	0.9692
August	0.9752	0.9319	0.9478
September	0.9894	0.8738	0.9267
October	0.9912	0.9682	0.9814
November	0.9866	0.9006	0.9491
December	0.9446	0.8511	0.8857